2017/8774 - Menangle Park - Urban Growth

The objective of these Planning Agreements is to facilitate the provision of Development Contributions by the Developers towards Designated State Public Infrastructure within the Menangle Park Urban Release Area. Specifically, the Developers have offered to enter into the Planning Agreement to provide development Contributions to:
(a) facilitate the development of the Menangle Park Urban Release Area; and
(b) enable the Secretary to issue a Satisfactory Arrangements Certificate required under the Campbelltown Local Environmental Plan 2015 (NSW) to enable the erection of a maximum of 4,525 Dwellings.

Development Contributions to be provided under the Landcom and Dahua Group Sydney Project 2 Pty Ltd Planning Agreement, comprise:
(a) payment of the Monetary Contribution (Portion 1) upon execution of the Planning Agreement;
(b) payment of the Monetary Contribution (Portion 2) in accordance with the Transport Infrastructure Contributions Deed between Roads and Maritime Services, the Developer and Dahua Group Sydney Project 3 Pty Ltd (TIC Deed);
(c) payment of the Monetary Contribution (Portion 3) on the date the last Development Contribution (other than Monetary Contribution (Portion 3)) is provided;
(d) transfer of the Education Land for the purpose of a School; and
(e) transfer of the Dedicated Land to facilitate the construction of regional road infrastructure.

The total value of the Development Contributions to be provided under the Landcom and Dahua Group Sydney Project 2 Pty Ltd Planning Agreement is $90 million.

Development Contributions to be provided under the Dahua Group Sydney Project 3 Pty Ltd Planning Agreement comprise:
(a) payment of the Monetary Contribution (Portion 1) in accordance with the Transport Infrastructure Contributions Deed between Roads and Maritime Services, the Developer, Landcom and Dahua Group Sydney Project 2 Pty Ltd (TIC Deed); and
(b) payment of the Monetary Contribution (Portion 2) upon execution of the Planning Agreement.

The total value of the Development Contributions to be provided under the Dahua Group Sydney Project 3 Pty Ltd Planning Agreement is $23.125 million.