Expenditure by the City. If the City claims on the Guarantee to Complete the Developer’s Works, then the City:
(a) is not required to expend more money than the Guarantee Amount and may elect not to carry out items of the Developer’s Works to ensure that those works can be carried out for an amount equal to or less than the Guarantee Amount; or
(b) may expend more than the Guarantee Amount. If the City expends more money than the Guarantee Amount then the amount in excess of the Guarantee Amount will be deemed to be a debt due and owing to the City by the Developer.
Expenditure by the City. The City will use the Monetary Contribution to achieve the public benefit of community infrastructure in the Green Square urban renewal area.
Expenditure by the City. If the City claims on the Guarantee to Complete the Developer’s Works and/or the Public Art, then the City:
(a) is not required to expend more money than the Guarantee Amount and may elect not to carry out items of the Developer’s Works and/or the Public Art to ensure that those works can be carried out for an amount equal to or less than the Guarantee Amount; or
(b) may expend more than the Guarantee Amount. If the City expends more money than the Guarantee Amount then the amount in excess of the Guarantee Amount will be deemed to be a debt due and owing to the City by the Developer.
(c) Where the Developer has failed to deliver the Public Art and the City elects not to complete the Public Art in accordance with the approved Public Art Plan, then the City may not expend more than the Guarantee Amount held for the Public Art in delivering public art.
Expenditure by the City. The City must apply the Monetary Contribution (and any part of it) to the Business Innovation Space Fitout. The City is under no obligation to the Developer as to whether the Monetary Contribution is applied to the initial Business Innovation Space Fitout or any further fitout of the Premises.
Expenditure by the City. The City will use and allocate the:
(a) Monetary Contribution – Affordable Housing payment to achieve the public benefit objectives under the City’s affordable housing program; and
Expenditure by the City. The City will use the Community Infrastructure Contribution to achieve the public benefit of facilities, amenities and services to meet the needs of the growing residential and workforce population within Central Sydney.
Expenditure by the City. The City will use:
(a) the Monetary Contribution – Infrastructure (item 1 in the table at clause 1 above) to achieve the public benefit of community infrastructure in central Sydney; and
(b) the Monetary Contribution - Chifley Square Public Domain Upgrade (item 2 in the table at clause 1 above) for public domain upgrades within the vicinity of the Development, including for activation of Chifley Square.
Expenditure by the City. The City will use the Monetary Contribution to achieve the public benefit of public art in the immediate vicinity of the Development.
Expenditure by the City.
(a) The City will use the Monetary Contribution to achieve the public benefit of community infrastructure in Green Square.
(b) The City is not required to separately account for the Monetary Contribution, report to the Developer regarding expenditure of the Monetary Contribution or comply with any request by the Developer to trace the Monetary Contribution.
Expenditure by the City. The City will use the Monetary Contribution to achieve the public benefit of [insert description of proposed works monetary contribution will be used to provide].
