Notting Hill Housing Trust. Development Partnership Agreement relating to sale and development of the Aylesbury Estate Southwark Eversheds LLP One Xxxx Xxxxxx Xxxxxx XX0X 0XX Tel 0000 000 0000 Fax 0000 000 0000 Int +00 00 0000 0000 DX 154280 Cheapside 8 xxx.xxxxxxxxx.xxx CONTENTS Clause Page 1 INTERPRETATION 1 2 OBJECTIVES AND THE BUSINESS PLAN 44 3 DEVELOPER’S WARRANTIES 45 4 CONDITIONS PRECEDENT AND XXXX XXXXXXXXXXXXXX 00 0 XXXXXXXXXXX 00 0 PHASING 50 7 FINANCIAL PROVISIONS 51 8 LICENCE TO OCCUPY 51 9 INSURANCE 52 10 LIMITATION OF DEVELOPER’S LIABILITY 55 11 DEVELOPER’S INDEMNITY 56 12 TAX 57 13 DEFAULT 58 14 DETERMINATION OF DISPUTES 59 15 CONFIDENTIALITY AND FREEDOM OF INFORMATION 63 16 DATA PROTECTION 63 17 DEALINGS 63 18 NON-ADOPTED SHARED SPACE AND COUNCIL WORKS 64 19 SUSTAINABILITY 64 20 INTERIM USES 64 21 EFFECT OF THIS AGREEMENT 65 22 TERMINATION 65 23 STATE AID 68 24 STATUTORY POWERS 68 25 EXCLUSION OF LANDLORD AND TENANT XXX 0000 SECURITY OF TENURE 68 26 TUPE 69 27 INCORPORATION OF SCHEDULES 69 28 ENFORCEMENT 69 29 VARIATIONS 69 30 EXECUTION 69 Schedules 1 Collaboration and Steering Group procedure 71 1 Definitions 71 2 Steering Group 73 3 Implementation Group 76 4 Design Requirements and Appointment of Design Director 78 5 Business Plan and Change Control 78 6 Change Procedure 79 2 Longstop Dates and Milestones 81 3 Minimum Requirements 83 4 Financial provisions 86 PART 1- PAYMENT PROVISIONS 98 1 First Development Site – Deposit, Fixed Payments Sales Overage and other Payments 98 2 Subsequent Plots after the First Development Site 104 3 General Financial Payments 110 4 Public Sector Funding 111 5 Private Rental Units 112 7 Legal Charge 113 8 General Financial Provisions 114 PART 2- OVERAGE AND PUBLIC SECTOR FUNDING WORKED EXAMPLES 114 5 Development Receipts and Development Costs 118 PART 1: DEVELOPMENT ACCOUNT 119 1 Development Account 119 2 Cashflow statement 121 PART 2: DEVELOPMENT COSTS 121 1 Development Costs 121 2 Property acquisition 122 3 Planning 122 4 Development Works 122 5 Professional fees 123 6 Insurance 124 7 Sales and Letting costs 124 8 Interim Uses Costs 125 9 Other costs 125 11 Registered Provider Contribution 126 PART 3: DEVELOPMENT RECEIPTS 127 6 Viability Condition 128 1 Definitions 128 PART 1 132 1 The Development Viability Condition 132 PART 2 132 3 The Plot Final Viability Condition 133 4 Viability Test 133 7 Funding Condition 138 1 Funding Condition 138 2 The Developer’s Obligations 138 3 Waiver 139 8 Planning Condition 140 PART 1: PLANNING PERMI...
