The Monksmoor Park Community Interest Company (CIC) takes care of all the communal assets on behalf of the community. It employs a managing agent, Preim, to maintain and manage the infrastructure assets.
All residents, retail unit occupiers and any other stakeholders owning property on the site will become members of the CIC. The public open spaces, some roads, selected pieces of public art, street lights, some allotments, the play areas and the website will be transferred to the CIC on a phase-by-phase basis.
The benefit to residents of this type of ownership structure is that in time, the members will be empowered to manage the green spaces and community buildings in a way that suits the community. It provides total transparency to members on how their annual service charge is spent and allows residents to have a voice in the management and development of their assets in the future.Download the MPCIC information leaflet