29 NORTHVIEW STREET GILLIESTON HEIGHTS 2321 UPG 400 PTY LTD Planning Agreement

The Developer is seeking to subdivide the Subject Land into approximately 54 residential lots and two residue lots, and to carry out associated infrastructure including roads and
stormwater drainage, generally in accordance with DA/2022/1094 lodged with Maitland City Council (the Proposed Development). An indicative plan of the Proposed Development is at the end of this explanatory note.

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 $101,578 per hectare of net developable area (subject to indexation in accordance with the Planning Agreement) (Development Contribution) for the purposes of the provision of designated State public infrastructure in accordance with clause 6.1 of Maitland Local Environmental Plan 2011 (LEP). This clause, despite its repeal, applies to the Proposed Development by virtue of clause 4 of State Environmental Planning Policy Amendment (Housing and Productivity Contributions) 2023.

The Development Contribution will be payable prior to the issue of each relevant subdivision certificate 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.

The objective of the Planning Agreement is to facilitate the delivery of the Developer’s contributions towards the provisions of designated State public infrastructure referred to in clause 6.1 of the LEP.