4.0 Basis for the determination of the development contribution

4.0 Basis for the determination of the development contribution 

The Council used the following methodology as the basis for determining the Development Contribution Scheme:

1. The projected capital programme prepared for the previous scheme (2017-2021) was reviewed with regard to the current position in relation to projects, the total cost involved, the development contributions required and the timescale for the delivery of each project.  A revised Capital Programme has been compiled.  Details of the projects are set out in Appendix B of this Scheme.
2. The objectives contained in the Draft Limerick Development Plan 2022-2028 and Local Area Plans throughout Limerick.
3. The Council conducted an examination/analysis of:
   
   
   - Residential Planning Applications commenced/granted across Limerick (over the period 2017-2021) and a projected figure for residential unit numbers over the lifetime of the Scheme. (See projected figures set out below).
   
   - Housing completion rates across Limerick (over the period 2017-2021).
   
   - Analysis of non-residential development commenced/granted from 2017-2021 in terms of floor area and class of development and from this an estimation of the amount of non-residential floor space per annum which the Council is likely to grant over the lifetime of the scheme along with economic forecasts.  (Projected figures are set out below).
4. New or improved services are necessary for new development, but also benefit existing developments.  Only that part of the capital expenditure which will benefit new or improved services is used in the calculations of the amounts to be met by the levies on new development.
5. Exemptions and reduced rates in the current schemes were reviewed and amended rates have been incorporated into the Scheme having regard to the Guidelines issued by the Department of the Environment, Community and Local Government in January 2013 and all updates thereof.