11 OWLPEN LANE FARLEY 2320 UPG 292 PTY LTD Planning Agreement

The Developer is seeking to subdivide the Subject Land (in two stages) into approximately 109 residential lots, one (1) residue lot for future subdivision, and residue lots containing the watercourse and for onsite drainage and one two (21) residue lots, and for future subdivision, the construction of public roads, tree removal and stormwater drainage works, generally in accordance with the plan in Schedule 7 and DA2022/1133 lodged with Maitland City Council
(Proposed Development). The Developer has made an offer to the Minister to enter into the Planning Agreement in connection with the Proposed Development.

The Planning Agreement provides that the Developer will make a monetary contribution of $97,889 per hectare of net developable area (subject to indexation in accordance with the Planning Agreement) (Development Contribution) for the purposes of the provision of designated State public infrastructure within the meaning of clause 6.1 of Maitland Local Environmental Plan 2011 (LEP). This clause, despite its repeal, continues to apply to the Development Application by virtue of clause 4 of State Environmental Planning Policy Amendment (Housing and Productivity Contributions) 2023.

An instalment of the Development Contribution will be payable prior to the issue of each relevant subdivision certificate in accordance with Schedule 4 to the Planning Agreement.

The Developer is required to provide a $20,000 security in accordance with Schedule 5 to the Planning Agreement.

The objective of the Planning Agreement is to facilitate the delivery of the Developer’s contributions towards the provision of designated State public infrastructure referred to in clause 6.1 of the LEP.