Willoughby Developer Contributions Conditions

93. Affordable Housing Monetary Contribution In accordance with clause 6.8 Willoughby Local Environmental Plan, the applicant shall make a monetary contribution to Council for the purpose of providing Affordable Housing. This contribution will be calculated based on a per square metre rate, applied to the residual affordable housing gross floor area that is in excess the gross floor area of the affordable housing Unit LG.08, amounting to 30.44m². Reference is to be made to the value of most recent sales price of such new dwellings of similar size at the subject development (in the absence of current sales price at the subject site, the recent sales price of similar sized dwelling(s) at…

9. CPI C Where: $C = the contribution amount shown in this Development Consent expressed in O dollars CPI = the Consumer Price Index (All Groups Index) for Sydney as published by the P Australian Bureau of Statistics (ABS) at the quarter immediately prior to the date of payment CPI = the Consumer Price Index (All Groups Index) for Sydney as published by the C ABS at the quarter ending immediately prior to the date of imposition of the condition requiring payment of a contribution Deferred payments of contributions will not be accepted. Prior to payment Council can provide the value of the indexed levy. Copies of the Willoughby Local Infrastructure Contributions Plan are available for…

96. Planning Agreement Prior to the issue of first Occupation Certificate or prior to the date of registration of the first Strata Plan for the Development, whichever is earlier, the obligations under the Planning Agreement executed on 20 October 2022 or the executed Deed of Variation relating to this development, that is, the instalment respective of the timing with its contribution $ value within Schedule 2 of the Planning Agreement is to be satisfied. Contact Council for an indexation (CPI) adjustment at the time of payment. (Reason: Ensure compliance)