Summary of Objectives, Nature and Effect of the Planning. Agreement The Planning Agreement is a planning agreement under section 7.4 of the Act. The Planning Agreement is a voluntary agreement under which Contributions are made by the Landowner for public purposes (as defined in section 7.3 of the Act). The objective of the Planning Agreement is to require the dedication, or transfer, to the Council for the purposes of public open space Dedication Land (Lot 17) plus Dedication Land (Lots 15 and 16) (together Contributions). The Planning Agreement:
Summary of Objectives, Nature and Effect of the Planning. Agreement [Clause 205 (1)(a) of the EP&A Regulation 2021] The intent of the Planning Agreement is to ensure that public benefits are provided in the form of provision, augmentation or improvement of open space, community facilities or other public facilities as proposed by the development application and determined by Council. The Planning Agreement is proposed to require a monetary contribution for an amount of $992,880 (Nine hundred ninety-two thousand eight hundred and eighty dollars) excluding GST being $1,750 (excluding GST) per square metre (567.36 m2) of GFA in excess of the permitted GFA limit for the development payable after development consent is granted and before issue of a Construction Certificate.
Summary of Objectives, Nature and Effect of the Planning. Agreement
Summary of Objectives, Nature and Effect of the Planning. Agreement Monetary Contribution The Planning Agreement requires monetary contributions totalling $127,800.00 to be paid towards:
Summary of Objectives, Nature and Effect of the Planning. Agreement Objectives The Landowner has offered to enter into the Planning Agreement with the Council. The main objective of the Planning Agreement is to secure monetary development contributions to be paid to the Council for the purpose of recouping funds expended by the Council, if the Council carries out the Intersection Works prior to the Development occurring. The maximum Monetary Contribution payable under the Planning Agreement is the lesser of either 55% of the actual costs incurred by the Council in carrying out the Intersection Works or $990,000 (subject to indexation) (the Monetary Contributions). By requiring the Monetary Contributions, the Planning Agreement will help ensure that the costs incurred by Council in responding to the increase in demand for road infrastructure created by Development are contributed to by the Landowner. The Planning Agreement does not exclude the application of sections 7.11, 7.12 and 7.24 of the Act, however if the Landowner pays the Monetary Contributions, the Landowner is not liable to pay development contributions for road upgrades that would otherwise be imposed. The Planning Agreement specifies a percentage of the Monetary Contribution that must be paid before an occupation certificate, subdivision certificate or approval to install a manufactured home, moveable dwelling or associated structure under section 68 of the Local Government 1993, is issued in respect of a specified percentage of the residentially zoned Land. The obligations of the Developer are secured by registration of the Planning Agreement. Assessment of the merits of the Planning Agreement How the Planning Agreement promotes the public interest and the objects of the Act The Planning Agreement is in the public interest because it promotes the social and economic welfare of the community and sustainable development and is consistent with and promotes the objects in section 1.3 of the Act. In particular:
Summary of Objectives, Nature and Effect of the Planning. Agreement The Applicant has offered to enter into the Planning Agreement with the Council. The Planning Agreement provides that the Applicant will provide either:
Summary of Objectives, Nature and Effect of the Planning. Agreement The Applicant has offered to enter into the Planning Agreement with the Council. The objective of the Planning Agreement is to facilitate the Public Purpose, being the Public Domain works associated with, or new connections to, the Xxxxxx Street Bridge. The amendments sought to the LEP are as follows:
Summary of Objectives, Nature and Effect of the Planning. Agreement The Applicant has offered to enter into the Planning Agreement with the Council. The objective of the Planning Agreement is to provide for public pedestrian access, by way of a footbridge, between Xxxxx Xxxx Drive and North Rocks Road. The amendment sought to the LEP is for Schedule 1 of the LEP to be amended by adding ‘retail premises’ as an additional permitted use (limited to a maximum of 3,800m2) to facilitate a supermarket and a liquor store. The Planning Agreement provides that the Developer will, following amendment of the LEP
Summary of Objectives, Nature and Effect of the Planning. Agreement The Developer has made an unconditional offer to the Minister to enter into the Planning Agreement with the Minister in connection with the EPI Change and the Development. The objective of the Planning Agreement is to facilitate delivery of the Developer’s contributions to an Affordable Housing Provider for Affordable Housing purposes. To achieve these objectives, the Planning Agreement requires the Developer to provide the following contributions (as identified in Schedule 4 of the Planning Agreement):
Summary of Objectives, Nature and Effect of the Planning. Agreement The objective of the Planning Agreement is to provide contributions for public purposes in connection with development. The public benefit to be provided under the Planning Agreement includes the dedication of land along Faraday Lane and Underdale Lane and associated road works so as to facilitate road widening and new the connection of Faraday Lane to Constitution Road. These works will improve traffic circulation within the locality and Meadowbank Town Centre. In order to secure the obligations of the Developer under the Planning Agreement, the Planning Agreement requires the provision of bank guarantees on the grant of any Development Consent for the Development and before the issue of a Construction Certificate for the Development. The security for the delivery of the contributions will be adjusted to account for indexation in accordance with increases in the consumer price index.
