2018-06-27 SM - Attachment 2 to Item 1 - Draft Funding Deed

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 Contact Officer Email
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 Item 2      Term: (clauses 14.1 and 17.1)
 Commencement Date:           The date this deed is executed by the last party to do so
 Expiry Date:                 10 years after the Commencement Date

 Item 3      Funding Contribution: (clause3.1(a))
 Council:                     $1,166,666 (excluding GST)
Association:                  $1,166,666 (excluding GST)

 Total:                       $2,333,332 (excluding GST)

 With the Association’s       $541,666 (excluding GST)
 initial Funding Contribution
 to be paid by the
 Association to the
 Department:
 The remaining portion of     $$625,000 (excluding GST)
 the Association’s Funding
 Contribution to be initially
 paid by Council to the
 Department on the
 Association’s behalf:

 Whilst Council and the Association will ultimately pay equal portions of the Funding Contribution towards
 the Acquisition Costs, Council will initially pay the amount of $625,000 on behalf of the Association, and pay
 that directly to the Department on behalf of the Association in accordance with this deed. For the avoidance
 of any doubt the Department is to receive the full amount of the Funding Contribution ($2,333,332) in
 accordance with clause 3.1 of Schedule 2)

 Item 4      Special Conditions: (clauses 2 and 17.1)
 Nil
 IMPORTANT: Special Conditions take precedence over the terms of this deed. Legal advice should be sought on any
 Special Conditions that are inconsistent with the terms of the deed or which are significant (e.g. involve intellectual
 property, warranties, indemnities or liability). If no Special Conditions insert “NIL”.

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