2019/10003 - Cameron Grove South, George Booth Drive, Edgeworth

The Planning Agreement provides that the Developer will make a monetary contribution of $84,906 per hectare of net developable area (subject to indexation in accordance with the Planning Agreement) for the purposes of the provision of designated State public infrastructure within the meaning of clause 6.1 of the Lake Macquarie Local Environmental Plan 2014 (LEP).
Each instalment of the monetary contribution will be payable prior to the issue of each relevant Subdivision Certificate in accordance with Schedule 4 to the Planning Agreement.
The objective of the Planning Agreement is to facilitate the delivery of the Developer’s contribution towards the provision of designated State public infrastructure referred to in clause 6.1 of the LEP.