73 SANDY LANE COBAKI LAKES 2486 Cobaki Estates Pty Limited Planning Agreement

The agreement will be a voluntary agreement under section 7.4 of the Environmental Planning and Assessment Act 1979 (the Act). An agreement of this kind may require a developer to dedicate land free of cost, pay a monetary contribution, or provide any other material public benefit to be used for or applied towards a public purpose. In this particular case, the agreement provides that the developer will make a monetary contribution of $54,294.48, towards offsetting the loss of hollowing-bearing trees within the Scribbly Gum Reserve on the land. The public purpose of the development contribution is the conservation or enhancement of the natural environment. The agreement also sets out detail designed to protect the legitimate interests of the Minister and the developer during the course of the process.