12 NORBRIK DRIVE BELLA VISTA 2153 GEORGES GROUNDS PTY LTD Planning Agreement

The Developer is seeking to develop the Subject Land for commercial, business office and retail purposes that will result in the total gross floor area of the buildings on the Land of up to (but not more than) 16,000 square metres that is the subject of one or more Planning Applications (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 $260,000 (subject to indexation in accordance with the Planning Agreement) (Development Contribution) for the purposes of providing infrastructure in the locality, within the meaning of clause 7.20 of The Hills Local Environmental Plan 2019. This clause, despite its repeal, continues to apply to DA 1356/2023/JP by virtue of clause 4 of State Environmental Planning Policy Amendment (Housing and Productivity Contributions) 2023.

The Development Contribution will be payable on or before 31 December 2025 in accordance with Schedule 4 to the Planning Agreement.

The Developer is required to provide a $20,000 bank guarantee in accordance with Schedule 5 to the Planning Agreement. 2

The objective of the Planning Agreement is to facilitate the delivery of the Developer’s contribution towards the intersection upgrade at Norwest Boulevard, Lexington Drive and Elizabeth Macarthur Drive, Bella Vista (Road Works).