The safety reduction expectations and requirements for the various stages of the development process are outlined below. It should be noted that the reductions will only be considered when at least 50% of the agreed work has been completed to the satisfaction of the City. In addition, another safety reduction schedule may be used at the city`s discretion if the minimumholdhold is deemed insufficient due to the size and/or complexity of the development. S106 agreements are subject to administrative and supervisory costs. 2.1 Reception of external works (formerly FINAL) – An owner has the right to request “acceptance of external works” as soon as all work is completed outside the subdivision. At this stage, the city assumes responsibility for the maintenance, repair and responsibility of the work and services accepted, as is the case with “acceptance. This directive applies to landowners who develop land through subdivision, housing, consent, planning or modification process. This document was designed to help developers (hereafter referred to as owners), city employees, consulting engineers and associated stakeholders to understand the processes and procedures related to safety requirements for rural development projects in the City of London (hereafter referred to as City). The city requires that security be ensured for all development projects (subdivision, settlement plans, condominiums, etc.) in the city. The objective is to ensure that the city has sufficient budget to complete the outstanding work necessary for development if the owner cannot or cannot perform the work it has required under its respective agreements. The mayor described the housing crisis in London as one of the main obstacles to prosperity, growth and equity for Londoners. Its draft London plan includes a wide range of measures to significantly increase the supply of housing in the capital.
It includes the capacity of 65,000 new homes per year and a long-term strategic goal for 50 percent of all newly built homes to be truly affordable. The City Corporation has developed a model for the S106 agreements, which contains standard clauses that applicants may be entitled to approve.