2021-03-15 GC Agenda - Item 9 - Attachment 5 - MCU19-0114 & RAL19 0027 Infrastructure Agreement (44 pages)

                                                                                       22



     Column 1          Column 2                       Column 3                                             Column 4          Column 5         Column 6
     Item              Infrastructure Contribution    Specification of the Infrastructure Contribution     Value             Timing of the    Party responsible for
                                                                                                                             Infrastructure   the Infrastructure
                                                                                                                             Contribution     Contribution
                       Work Contribution to           The Work Contribution provides storage for a         Estimated value   As part of       Developer
          1.5
                       design and construct golf      minimum of 40 buggies plus electric charging         of $200,000.      Stage 1.
                       buggy storage shed.            ports and is generally in accordance with Drawing
                                                      Number 8 in Schedule 3.
                       Financial Contribution 1       The Financial Contribution is to be paid when        Up to a maximum   As part of       Developer
          1.6
                       golf membership in the         settlement of a dwelling in the seniors living       value of          Stage 1.
                       Cooroy Golf Club Inc. for      community occurs at the rate of membership for       $2,500,000.
                       each dwelling in the seniors   that year.
                       living community for a
                       period of 10 years.
                       Work Contribution to           The Work Contribution is generally in accordance     Estimated value   As part of       Developer
          1.7
                       design and construct           with Drawing Numbers 1, 2 and 13 to 18 in            of $2,750,000.    Stage 1.
                       retrofits to existing golf     Schedule 3.
                       course layout.
                       Financial Contribution to      The Financial Contribution can be used at the golf   $500,000.         As part of       Developer
          1.8
                       Cooroy Golf Club Inc. for      club’s discretion but can include:                                     Stage 1.
                       course improvements (not
                       already covered by Golf        (a) construction of cart paths in key locations
                       Course Draft Master Plan           across the golf course;
                       7).
                                                      (b) construction of a toilet and shower block
                                                          near the current 18th tee suitable for use by




Document Set ID: 21379346
Version: 1, Version Date: 27/01/2021