Appropriate Localities for Development incentives Sample Clauses

Appropriate Localities for Development incentives. In terms of share of private benefit (profit) arising from taking up a development incentive, research reported in the Background Paper indicates that it would be reasonable for Council to require 50% of additional ‘private benefit’ (additional profit) created when a developer chooses to take such an incentive in the form of variation in height or development standards, and that this would be most feasible in high value precincts. A preliminary assessment of the main settlement areas in Xxxxxxxx Valley indicates that such development incentives are likely to be effective in generating an affordable housing contribution in selected localities or precincts. In the short to medium-term, it is likely that this would be restricted to carefully selected precincts within higher value suburbs of Angourie, Sandon, Wooli, Yamba, Xxxxxx Water, Wooloweyah, Brooms Head, Iluka, Palmers Island and Maclean at the present time. Changes in the market over time will make the application more or less feasible in different localities.
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Related to Appropriate Localities for Development incentives

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