NC Infrastructure deed signed

 

3.3

3.4

41

4.2

4.3

4.4

No objection

The parties to this deed must not object or make an application about the
discontinuance of the Appeal.

Effect of Discontinuance

The provisions of clause4 of this deed only take effect when the
discontinuance of the Appeal takes effect.

INFRASTRUCTURE CONTRIBUTION
Infrastructure Agreement overrides Development Permit

This deed applies to the extent of any inconsistency with the Development
Permit.

Continuance of Planning Scheme Policy Infrastructure Contributions and
Infrastructure Charges

The Owner is required to comply with the infrastructure contribution conditions
of the Development Permit and infrastructure charges issued for the
development.
Contribution in lieu of off-street parking
The Owner must pay the Council the greater of:
(a) the amount identified in Schedule 2 of this Deed; or
(b) the amount calculated in accordance with the formula in clause 4.4.
Indexed Infrastructure Contribution

The Infrastructure Contribution payable, identified in Schedule 2, shail be
indexed in accordance with the following formula:-

A=BxC
D

Where A= the Indexed Infrastructure Contribution amount at the time the
payment is made.

Where B = the Infrastructure Contribution identified in Schedule 2.

Where C = the Index Number for the quarter immediately preceding the date
upon which the Infrastructure Contribution is being paid; and

Where D = the Index Number for the December quarter 2014.

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