Meeting papers

Development Agreement – Proposed Key Terms

 Item   Issue                  Term

 3.     Parties                Noosa Shire Council (Council)

                               Yarra Energy Foundation (YEF)

 4.     Cooperation            The Parties are committed to working together in a cooperative and collaborative manner with a view to:
        Commitment
                               (a)       encouraging cooperation and innovation;

                               (b)       establishing and maintaining an environment which encourages honest, open and timely sharing of information; and

                               (c)    sharing and transferring such behavioural aspects to all persons associated with the Project to achieve a successful
                               outcome in all respects.

                               The parties warrant that they shall perform all duties and act in good faith.

                               Acting in good faith includes:

                               (a)       being fair, reasonable and honest;

                               (b)       doing all things reasonably expected by the other party and by the Agreement; and

                               (c)       not impeding or restricting the other party's performance.

 5.     Documents comprising   The Agreement will comprise agreed documents, likely:
        Development
        Agreement              •     Bespoke Development Agreement terms and conditions

                               •     Any Existing Design (Technical Specifications and Drawings)

                               •     Specification

                               •     Price Schedule (including milestone payment schedule if used)




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