SVPA2020-39 Fourth Deed of Variation to Huntlee Stage 1 Huntlee Pty Limited Planning Agreement

The objective of the Planning Agreement as varied by the Variation Deed is to facilitate the delivery of the Developer’s various contributions towards the provision of designated State infrastructure. The Planning Agreement as varied by the Variation Deed provides that the Developer will make the following Development Contributions: • Payment of the Regional Road Contribution, at a rate of $105,340 per Net Developable Hectare (subject to indexation in accordance with the Planning Agreement) for the purpose of regional transport infrastructure and services; • Undertaking the Road Improvement Works in accordance with the Road Works Agreements; and • Transfer or dedication of the Education Contribution Land for the intended use as a primary school. The objective of the Variation Deed is to amend the Planning Agreement to reflect MOD 11 and the agreement between the parties relating to the timing of the dedication of the Education Contribution Land. The Variation Deed has the effect of extending the timeframe for delivery of parts of the Road Improvement Works and the dedication of the Education Contribution Land.