MCU14/0053 - Response to information request

3.3     No objection

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

3.4     Effect of Discontinuance

      The provisions of clause 4 of this deed            only   take   effect   when   the
      discontinuance of the Appeal takes effect.

4     INFRASTRUCTURE CONTRIBUTION

4.1     Infrastructure Agreement overrides Development Permit

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

4.2     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.

4.3     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.

4.4     Indexed Infrastructure Contribution


      The Infrastructure Contribution payable. identified in Schedule 2, shall 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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