Have any members entered into "End of Scheme Appraisal" arrangements which have been put into place because the provision of Affordable housing on-site was not viable at the commencement of Development. We are looking for a precedent for addition to a S106 agreement whereby at the end of the Scheme the development profits would be calculated on an open book basis, and the Council would receive a payment of 50% of all profits above a certain level to have affordable housing constructed on anopther site in a radius of the development. Effectively the Council is looking for a share of the profits arising from increases in land value, affordable housing not having been provided on-site in accordance with current policy. Many thanks
