35 GOVERNMENT ROAD CESSNOCK 2325 Land Specialists Pty Ltd Planning Agreement

The Developer is seeking to subdivide the Subject Land into approximately 328 residential lots and one (1) lot for drainage reserve and provide associated infrastructure, generally in accordance with Development Application 8/2021/21939/1 or another Development Application lodged with Cessnock City Council (Proposed Development). The Developer has made an offer to the Minister to enter into the Planning Agreement in connection with the Proposed Development.

The objective of the Planning Agreement is to offset the effects of the Proposed
Development by facilitating:
- the dedication or transfer of Lots 5 and 33 in Deposited Plan 755268 (Offset Land) to the Minister to add to the Yengo National Park;
- the payment of a monetary contribution of $50,000 (subject to indexation in accordance with the Planning Agreement) for the purposes of maintaining the Offset Land, once incorporated within the Yengo National Park,
(together, the Development Contribution).

The Development Contribution is to be provided prior to the issue of the first Subdivision Works Certificate for the Proposed Development in accordance with Schedule 4 and
Schedule 5 to the Planning Agreement.

No relevant capital works program by the Minister is associated with the Planning Agreement.

The Minister for this Planning Agreement is the Minister Administering the National Parks and Wildlife Act 1974.