176 WOLLOMBI ROAD FARLEY 2320 Universal Property Group Pty Ltd Planning Agreement

The Developer is seeking to subdivide the Subject Land into approximately 16 residential lots, one (1) or more drainage basin lots and one (1) rural zoned lot, construct two (2)
public roads, tree removal, stormwater drainage and other associated site works generally in accordance with the plan annexed at the end of this explanatory note and DA/2023/31 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 DA/2023/31 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 $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.