Monetary Contribution. (a) If Development Consent is granted for Development that includes use of the Land or any part of the Land for residential purposes, the Developer Parties will pay to Council a monetary contribution of $5,010,600.00 or an amount calculated in accordance with the following formula, whichever is the greater: The CPI at the time of payment $5,010,600.00 x The CPI at the date of this agreement
(b) Subject to clause 6.1(c), the Monetary Contribution must be paid to Council in instalments as follows:
(i) 75% of the Monetary Contribution prior to the issue of a Construction Certificate for the Development; and
(ii) 25% of the Monetary Contribution prior to the issue of an Occupation Certificate for the Development, or prior to the registration of any Strata Plan, whichever is earlier.
(c) The Developer Parties are not required to pay the instalment of the Monetary Contribution specified in clause 6.1(b)(i) if the Developer Parties provide to the Council a Bank Guarantee in accordance with clause 11.2 as security for that payment, in which case the Developer Parties must pay the full amount of the Monetary Contribution prior to the issue of an Occupation Certificate for the Development.
(d) The Monetary Contribution must be paid by way of bank cheque in favour of Council or by deposit by means of electronic funds transfer into an account specified by Council.
(e) The Monetary Contribution will be taken to have been made when the Council notifies the Developer Parties in writing that the bank cheque has been received and cleared funds or electronic funds have been deposited in the Council’s bank account.
(f) The parties agree and acknowledge that the Monetary Contribution will be used by the Council towards community infrastructure within the Paramatta Central Business District. 7 Application of s 7.11, s 7.12 and s 7.24 of the Act
(a) This agreement does not exclude the application of section 7.11 of the Act to the Development.
(b) This agreement does not exclude the application of section 7.12 of the Act to the Development.
(c) This agreement does not exclude the application of section 7.24 of the Act to the Development.
Monetary Contribution. (a) The Developers will pay to Council a monetary contribution of $955,000.00 indexed in accordance with increases in the CPI from the date of this agreement to the date of payment.
(b) The Monetary Contribution must be paid to Council prior to the issue of an Occupation Certificate for the Development.
Monetary Contribution. (a) The Developer will pay to Council the monetary Contribution specified in the Contributions Table, being $225,000.00 increased but not decreased in accordance with the following formula: Monetary Contribution payable The CPI at the time of payment = $225,000.00 x The CPI at the date of this agreement
(b) The Contribution must be paid in accordance with the timeframes specified in the Contributions Table, being:
(i) 75% prior to the issue of any Construction Certificate issued with respect to the Land; and
(ii) 25% prior to the issue of an Occupation Certificate or registration of a Strata Plan (the earlier of the two).
Monetary Contribution. Central Sydney Infrastructur e $1003 per square metre of strategic gross floor area (as indexed in accordance with Annexure B) On or before the issuing of the first Construction Certificate for the Development see clause 2, Annexure B. 3(a) Environment al Excellence Initiatives – Commercial/ Office Component NIL • After the Occupation Certificate is issued in accordance with the XXXXXX rating assessment process 5 star XXXXXX Energy for the base building 4 star XXXXXX Water 3 (b). Environment al Excellence Initiatives – Hotel Component NIL • After the Occupation Certificate is issued in accordance with the XXXXXX rating assessment process 4.5 star XXXXXX Energy for the whole component
Monetary Contribution. Monetary Contribution Various An amount determined by deducting the Contribution Value for all Contribution Items (other than Items 30, 32(a), 32(b) and 33) from the amount that would otherwise be payable by GDC 1, GDC 2 and Landcom in respect of the Development, under the CP Payment of $3,311326 per lot prior to the issue of the Subdivision Certificate for the 6,501st Final Lot to the 7000th Final Lot $1,655,355663, 000 GDC 2
Monetary Contribution. Section 14.4 of Appendix X2, as previously amended, is replaced in its entirety to read as follows: DRAFT The percent of net win accrued shall be paid annually within one year of the close of the Tribe’s fiscal year.
Monetary Contribution. (a) Subject to clause 6.1(d), the First or Second Applicant is to pay the Contribution in the amount of $500,000.00 or an amount calculated in accordance with the following formula, whichever is the greater: The CPI at the time of payment $500,000.00 x The CPI at the date of this agreement
(b) The parties agree and acknowledge that the Contribution will be used by the Council towards the Public Purpose by facilitating construction of the future footpath connection and or other future works within the North Rocks vicinity.
(c) Despite clause 6.1(b), the Council may apply the Contribution towards any other public purpose which satisfies section 7.4(2) of the Act, other than the Public Purpose, if the Council reasonably considers that the public interest would be better served by applying the Contribution towards that other public purpose.
(d) The Contribution is to be paid either:
(i) by the First Applicant to Council in one instalment of $500,000.00 with payment to be made within 14 days of:
(A) the issue of a valid tax invoice for the Contribution in the name of the First Applicant; and
(B) receipt by the First Applicant of the Construction Certificate for the Development Consent; and
(C) issue of the First Applicants Development Notice, or the Contribution is to be paid:
(ii) by the Second Applicant to Council in one instalment of $500,000.00 with payment to be made within 14 days of:
(A) the issue of a valid tax invoice for the Contribution in the name of the Second Applicant; and
(B) receipt by the Second Applicant of the Construction Certificate for the development of the Land for a supermarket that is not to be operated by the First Applicant; and
(C) issue of the Owners Development Notice.
(e) The Contribution is taken to have been made upon the receipt by Council of the full amount required under this Deed in cash or by unendorsed bank cheque or by the deposit via electronic funds transfer, and clearance of the full amount, into a bank account nominated by Council.
(f) The Contribution is to be paid by either the First Applicant or the Second Applicant, whichever is first in time to satisfy the requirements of 6.1(d) (i) or (ii).
Monetary Contribution. (a) The Developers will pay to Council a monetary contribution in the amount of $1,813,650.00 indexed in accordance with any increases in the CPI, but only if the Gross Floor Area of the Development to be used for, or in connection with, residential purposes is greater than 24,179 square metres.
(b) Subject to clause 6.1(c), if the Monetary Contribution is payable under clause 6.1(a), it must be paid to Council in instalments as follows:
(i) 25% of the Monetary Contribution within 5 Business Days of the grant of Development Consent for any Development that includes a residential component;
(ii) 50% of the Monetary Contribution prior to the issue of a Construction Certificate for the Development; and
(iii) 25% of the Monetary Contribution prior to the issue of an Occupation Certificate for the Development, or prior to the registration of any Strata Plan, whichever is earlier.
(c) The Developers are not required to pay the instalments of the Monetary Contribution specified in clauses 6.1(b)(i) and (ii) if the Developers provide to the Council Bank Guarantees in accordance with clause 11.2 as security for those payments, in which case the Developers must pay the full amount of the Monetary Contribution prior to the issue of an Occupation Certificate for the Development.
(d) The Monetary Contribution must be paid by way of bank cheque in favour of Council or by deposit by means of electronic funds transfer into an account specified by Council.
(e) The Monetary Contribution will be taken to have been made when the Council notifies the Developers in writing that the bank cheque has been received and cleared funds or electronic funds have been deposited in the Council’s bank account. The Council must notify the Developers under this clause within 5 Business Days of receiving confirmation that the cleared funds have been deposited in the Council’s bank account.
(f) The parties agree and acknowledge that the Monetary Contribution will be used by the Council towards public domain improvement within the Parramatta CBD.
Monetary Contribution. Central Sydney Infrastructure to contribute to construction of infrastructure in the City North Public Domain Plan December 2015 3. NOT USED
Monetary Contribution.
(a) The Developer will pay to Council a monetary contribution of $insert amount of monetary contribution or an amount calculated in accordance with the following formula, whichever is the greater: $insert amount of monetary contribution x The CPI at the time of payment The CPI at the date of this agreement
(b) The Monetary Contribution must be paid to Council prior to the issue of the first [Construction Certificate / Occupation Certificate / Subdivision Works Certificate / Subdivision Certificate] for the Development, or if no such certificate is required, prior to the commencement of any work comprising the Development.
(c) The Monetary Contribution must be paid by way of bank cheque in favour of Council or by deposit by means of electronic funds transfer into an account specified by Council.
(d) The Monetary Contribution will be taken to have been made when the Council notifies the Developer in writing that the bank cheque has been received and cleared funds or electronic funds have been deposited in the Council’s bank account.
(e) The parties agree and acknowledge that the Monetary Contribution will be used by the Council towards [insert public purpose of monetary contribution[.
