Appendix D Draft Infrstructure Agreement

3.2   Contribution in lieu of off-street parking

      The applicant 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 3.3.

3.3   Indexed Infrastructure Contribution in lieu of off-street parking

      The Infrastructure Contribution in lieu of off-street parking payable, identified in
      Schedule 2, shall be indexed annually for a financial year 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 Additional Networks Infrastructure Contribution identified in
                  Schedule 2.

      Where C = the Index Number for the March quarter immediately preceding the
                  financial year in which the Infrastructure Contribution is being paid;
                  and

      Where D = the Index Number for the March quarter immediately preceding the
                  financial year upon which the Infrastructure Contribution is issued as
                  stated in Schedule 2.

3.4   Time for payment

      The Infrastructure Contribution in lieu of off-street parking is to be paid before the
      use approved by the Development permit commences.


3.5   Payment to Council

      The Infrastructure Contribution in lieu of off-street parking shall be paid to Council
      unless the applicant is directed in writing by Council to pay it otherwise.

3.6   Onsite carparking spaces

      In addition to payment of the infrastructure contribution the applicant shall provide
      the number of car parking spaces on the subject site specified in Item 8.

4     GOODS AND SERVICES TAX

      The federal government has determined that rates and utility charges levied by
      local government will be GST free. Accordingly, no component for GST is included
      in this Infrastructure Contribution.




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