Monetary Contribution. (a) The Developer Parties will pay to Council a monetary contribution of $1,107,000.00 indexed in accordance with any increases in the CPI from the date of this agreement to the date of payment, but only if Development Consent is granted for Development that includes use of the Land or any part of the Land for residential purposes.
Appears in 2 contracts
Samples: Planning Agreement, www.cityofparramatta.nsw.gov.au
Monetary Contribution. (a) The Developer Parties will pay to Council a monetary contribution of $1,107,000.00 indexed in accordance with any increases in the CPI from the date of this agreement to the date of payment, but only if 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
Appears in 2 contracts
Samples: Planning Agreement, Planning Agreement
