Developer to provide Development Contribution. The Developer undertakes to provide to the Minister, or the Minister’s nominee, the Development Contribution in accordance with the provisions of Schedule 4 to this deed.
Developer to provide Development Contribution. The Developer undertakes to provide to the Council, the Development Contribution in accordance with the provisions of Schedule 4 to this deed.
Developer to provide Development Contribution. (a) The Developer undertakes to provide to Council the Development Contribution in accordance with the provisions of Schedule 3 to this Agreement.
(b) The Developer’s obligation to provide to Council the Development Contribution ceases upon the earlier of:
(i) the date upon which the Developer has paid in full the Council Payment Monetary Contribution and Community Fund Monetary Contribution in accordance with Schedule 3 to this Agreement; or
(ii) the Commercial Operation End Date.
(c) If the Commercial Operation End Date occurs prior to the date referred to in clause 4.1(b)(i) above, then the Developer remains liable under this Agreement for the payment of any Development Contribution obligation that accrued prior to that Commercial Operation End Date but is otherwise released by Council from any further obligation to make any Development Contributions under this Agreement.
Developer to provide Development Contribution. (a) The Developer undertakes to provide to the Minister, or the Minister’s nominee, the Development Contribution being an amount of $46,844.20 on the commencement of this deed.
(b) The Minister and the Developer acknowledge and agree that the amount of $46,844.20 is the Development Contribution for the purposes of this deed and has been calculated on the basis that the net developable area for the Development is 0.559 hectares, and the rate per net developable hectare is $83,800
Developer to provide Development Contribution. (a) The Developer undertakes to provide to the Minister, or the Minister’s nominee, the Development Contribution on or prior to the commencement of this deed.
(b) The Minister and the Developer acknowledge and agree that the Development Contribution for the purposes of this deed will be calculated on the basis that the rate per lot is $10,099.
(c) The Development Contribution will be an amount equal to the sum represented by “X” in the following formula: X = N x $10,099 “N” means the number of lots that are shown on the then-current proposed plan of subdivision for the Land as at the date that the Minister requires payment of the Development Contribution which are to be created for the purpose of Residential Accommodation, excluding any lots containing an existing lawfully constructed dwelling and any lots intended to be a Residue Lot or Super Lot.
(d) If the Development Contribution is paid on or after the CPI Adjustment Date, the amount payable is to be adjusted by multiplying the Development Contribution that would have been payable before the CPI Adjustment Date by an amount equal to the Current CPI divided by the Base CPI.
