360A ALDERSON PLACE TRALEE 2620 The Village Building Co. Limited Planning Agreement

The New Planning Agreement revokes the Original Planning Agreement. Consistent with the Original Planning Agreement, the New Planning Agreement provides that: • the New Developer will make a monetary contribution of $4,697.27 per urban lot (subject to indexation in accordance with the New Planning Agreement) for the purposes of the provision of designated State public infrastructure within the meaning of clause 6.1 of Queanbeyan Local Environmental Plan (South Jerrabomberra) 2012 (LEP); and • the Education Landowner will dedicate the Education Land. The monetary contribution has increased under the New Planning Agreement to reflect indexation and the current estimated urban lot yields. An instalment of the monetary contribution will be payable prior to the issue of each relevant subdivision certificate in accordance with Schedule 4 to the New Planning Agreement. Consistent with the Original Planning Agreement, the New Developer will obtain a credit of $750,000 when the Education Land is dedicated, which may be applied against the monetary contributions payable under the New Planning Agreement. The Education Land is to be dedicated by 14 February 2022 in accordance with Schedule 6 to the New Planning Agreement. The New Developer is required to provide a bank guarantee. The New Planning Agreement is required to be registered on the title to the Subject Land and the Education Land in accordance with section 7.6 of the Act. The objective of the New Planning Agreement is to facilitate the delivery of the required contributions towards the provision of designated State public infrastructure, facilities and services referred to in clause 6.1 of the LEP in connection with the Proposed Development. No relevant capital works program by the Minister is associated with the New Planning Agreement