SECTION 106 AGREEMENT – DRAFT HEADS OF TERMS Planning Application Reference Number: 1. tba Parties Local Planning Authority: Broadland District Council County Council: N.A. Applicant: Norfolk Land Ltd & Norfolk Homes Ltd Option Holder Norfolk Land Limited 2. Address of Proposed Development Land off Drayton High Road, Drayton, Norfolk ("Site") 3. Description of Proposal Proposed development of 74 dwellings, vehicular access and associated works. 4. Affordable Housing Percentage: 33% of the total number of dwellings to be provided at the Site Proposed Tenure and Tenure Mix: 55% Affordable Rented 45% Shared Equity (with sales at 80% of market value) Proposed Dwelling Mix (flats/houses/bedrooms): Total 24 no, dwellings 13 no. Rented Tenure comprising: 7 x 1 bed houses 4 x 2 bed houses 2 x 3 bed houses 11 no. Shared Equity comprising: 08 Feb 2017 20170212 1 x 1 bed first floor flat 4 x 1 bed houses 5 x 2 bed houses 1 x 3 bed house Triggers for completion of Affordable Housing Units? (provide details): Provision of 40% of Affordable Housing units before occupation of more than 40% of the market housing. The remaining 60% of Affordable Housing units before occupation of more than 80% of the market housing. Cascade mechanism? (if yes, provide details): ‘Local First’ cascade where the Affordable Housing (all Shared Equity plus Affordable Rented where possible and practicable) shall be offered to applicants in priority as follows:i current or previous occupants of Drayton ii current or previous occupants of adjoining parishes iii anyone from within Broadland Council's administrative area iv anyone not listed in i - iii above Staircasing of Shared Equity 5. Any staircasing receipts of Shared Equity products (which may be staircased after each owner’s 5th year of ownership, whether part or whole to freehold) shall be reinvested into Affordable Housing within 5 miles of Drayton within 5 years of receipt, or otherwise paid to Norfolk Land Limited. On Site Open Space Specify the type/amount of on Site open space to be provided: 1) Informal Recreation Area – 0.81 hectares Before more than 10% of the dwellings are occupied, plans and details of the Informal Recreation Area to be agreed with Broadland District Council. Before occupation of more than 75% of dwellings to provide and equip the Information Recreation Area. Transfer provision for on Site open space: 367-Drayton v4 On Site Open Space to be transferred to the District Council (or such other body as agreed in writing between the District Council and the Applicants) and held as open space in perpetuity. 2 Maintenance contribution and conditions: 6. A financial contribution, the amount to be agreed, paid to the District Council (or such other body as agreed in writing between the District Council and the Applicants) for the maintenance of the on Site open space for a period of 10 years. Off Site Open Space Payment to be made in lieu of the provision of On Site Open Space "Off Site Open Space Contribution": A financial contribution, the amount to be agreed, paid to the District Council to be used towards the provision and/or equipping of existing formal open space within the village of Drayton. Trigger for payment of Off Site Open Space Contribution: Prior to occupation of more than 75% of the market dwellings. Longstop date after which any unspent part of the Off Site Open Space Contribution shall be repaid (with interest): 5 years 7. Additional Items None 8. Red Line Plan [Attach plan] 367-Drayton v4 3
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