40 SOLENT CIRCUIT NORWEST 2153 Mulpha Norwest Pty Ltd Planning Agreement

The Developer is seeking to construct a mixed use development in stages on the Subject Land with up to 864 dwellings and 6000 square metres of gross floor area for non residential uses, in approximately nine towers, and undertake associated subdivision of the Subject Land (Proposed Development). The Developer has lodged with The Hills Shire Council a Development Application (being Development Application No 1541/2021/JP) for the first stage of the Proposed Development, which is a mixed use development comprising two residential flat buildings containing approximately 196 dwellings, retail, business, indoor recreation and medical uses, and basement carparking.

The Developer has offered to provide a contribution of $10,000 per dwelling for the purposes of the provision of regional and State public infrastructure. Of this total $8.64million contribution for the Proposed Development, $6.5million is to be provided by the Developer under a planning agreement with The Hills Shire Council which was entered into in February 2020. Accordingly, the Planning Agreement proposed to be entered into with the Minister provides that the Developer will make a monetary contribution of $2.14million (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 6.2 of The Hills Local Environmental Plan 2019 (LEP).

The Development Contribution will be payable prior to the issue of the occupation certificate for the 197th dwelling on the Subject Land in accordance with Schedule 4 to the Planning Agreement.
The Developer is required to provide a $535,000 bank guarantee in accordance with Schedule 5 to the Planning Agreement.