45 TICKLE DRIVE THIRLMERE 2572 Greenbord Pty Lts Planning Agreement

The Planning Agreement applies to Lot 101 in Deposited Plan 613474 and Lot 104 in Deposited Plan 613474 known as 45 and 65 Tickle Drive, Thirlmere 2572 (Subject Land). The Developer is seeking to subdivide the Subject Land into forty-nine (49) residential lots, including associated road and storm water construction, demolition of structures, removal of vegetation and decommissioning of a dam generally in accordance with Development Application 2023/2/1 which has been lodged with Wollondilly Shire 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 Planning Agreement provides that the Developer will make a monetary contribution of $10,543 per residential lot (subject to indexation in accordance with the Planning
Agreement) (Development Contribution) for the purposes of the provision of designated State public infrastructure within the meaning of clause 6.1 of the Wollondilly Local
Environment Plan 2011 (LEP).

An instalment of 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 provision of designated State public infrastructure referred to in clause 6.1 of the LEP.