Ash Road Draft Shared Infrastructure Funding Plan PAISLEY MANOR PTY LTD JUNE 2014 VERSION 1.6 URBAN ENTERPRISE 389 ST GEORGES RD NORTH FITZROY 3065 VIC PH (03) 9482 3888 | FAX (03) 9482 3933 www.urbanenterprise.com.au Author Paul Shipp © Copyright, Urban Enterprise Pty Ltd, August 2012. This work is copyright. Apart from any use as permitted under Copyright Act 1963, no part may be reproduced without written permission of Urban Enterprise Pty Ltd. Document Information Filename Ash Road Infrastructure Funding Plan - DRAFT v1.6.docx Last Saved 6 February 2016 5:22 PM Last Printed 6 February 2016 5:22 PM File Size 2,941 kb Disclaimer Neither Urban Enterprise Pty. Ltd. nor any member or employee of Urban Enterprise Pty. Ltd. takes responsibility in any way whatsoever to any person or organisation (other than that for which this report has been prepared) in respect of the information set out in this report, including any errors or omissions therein. In the course of our preparation of this report, projections have been prepared on the basis of assumptions and methodology which have been described in the report. It is possible that some of the assumptions underlying the projections may change. Nevertheless, the professional judgement of the members and employees of Urban Enterprise Pty. Ltd. have been applied in making these assumptions, such that they constitute an understandable basis for estimates and projections. Beyond this, to the extent that the assumptions do not materialise, the estimates and projections of achievable results may vary. CONTENTS SUMMARY OF CONTRIBUTIONS 2 5.3. COLLECTION OF L EVIES 14 1. INTRODUCTION 3 5.4. METHOD OF PROVISION 15 1.1. BACKGROUND 3 5.5. 5.5 PLANNING COSTS (ITEM O_1) 16 1.2. PURPOSE 3 1.3. SUPPORTING DOCU MENTS 3 2. STUDY AREA 4 2.2. PLANNING CONTEXT 4 2.3. LAND OWNERSHIP 5 2.4. INFRASTRUCTURE CHARGE AREAS 6 2.5. DEVELOPMENT PLA N 7 2.6. LAND BUDGET 7 8 3.1. OVERVIEW 8 3.2. PUBLIC OPEN SPA CE 8 3.3. LAND VALUATION 8 3.4. INFRASTRUCTURE ITEMS 8 3.5. STANDARDS OF PR OVISION 4. COST APPORTIONMENT AND LEVY CALCULATION 10 11 4.1. OVERVIEW 11 4.2. COST APPORTIONMENT 11 4.3. LEVY CALCULATION 11 5. IMPLEMENTATION AND ADMINISTRATION 17 4 2.1. LOCATION 3. SHARED INFRASTRUC TURE APPENDICES 14 5.1. SECTION 173 AGREEMENT 14 5.2. INDEXATION 14 URBAN ENTERPRISE PTY LTD FEBRUARY 2016 i S UMMARY OF C ONTRIBUTIONS The table below shows a summary of contributions payable for subdivision within the Charge Area within the Ash Road Development Plan Area. For details of infrastructure items to be funded under this plan and how the contributions were calculated, please refer to the relevant sections of this Shared Infrastructure Funding Plan. TABLE 1 SUMMARY OF CONTRIBUTIONS Charge Area Net Developable Area (Ha) Total Project Cost Apportioned to Charge Area Development Infrastructure Levy (per Ha) 1 21.480 $4,603,864 $214,332.61 2 ASH ROAD DRAFT SHARED INFRASTRUCTURE FUNDING PLAN 1. INTRODUCTION 1.1. B AC K GR OU N D collection of levies, delivery of infrastructure, responsibilities for works in-kind and This Shared Infrastructure Funding Plan (SIFP) has been prepared by Urban Enterprise on behalf of Paisley Manor Pty Ltd (Paisley Manor). Paisley Manor are a land owner within the area known as Ash Road West in Leopold (the study area). The study area is described in administration of the document (such as indexation) and, Enterprise, Paisley Manor, other Ash Road West landowners and the City of Greater Provide clear principles regarding obligation of developers to deliver and/or facilitate works. Section 2. The SIFP is the culmination of investigations, workshops and discussions between Urban Describing the mechanisms by which the SIFP will be implemented, including The SIFP will be used to inform a Section 173 Agreement which will formalise arrangements for infrastructure delivery between Council and each land owner in the Study Geelong (Council). Area. The SIFP has been prepared in accordance with the requirements of Council.1 1.3. SU P P OR TIN G D OC U M E N TS 1.2. P U RP OSE The following supporting documents were prepared to support the proposed rezoning and subdivision of the study area, and have been used to inform the preparation of the SIFP: The SIFP has been prepared to guide the delivery of shared infrastructure in the study area by: Draft Development Plan (and associated land budget), Ash Road West Leopold (v12), St Quentin Consulting; Identifying the land parcels which are to be developed and quantifying the area and likely development yield of each parcel; Valuation Report, Westlink Consulting, 1/7/13; Identifying shared infrastructure required to support development; Ash Road Leopold Development Plan Traffic and Transport Assessment, Cardno Identifying the specifications, costs and justification for each item; Apportioning costs to each land parcel in the study area, and calculating levies Grogan Richards, 13/9/12; payable to ensure delivery of shared infrastructure; Landscape Works Estimates, Mexted Rimmer, 31/1/12; and Stormwater Management Strategy and Services Report, Peter Berry & Associates, 26/8/11. Identifying any additional infrastructure items that are to be provided by specific landowners; and 1 Email to St Quentin, 15/1/2014 URBAN ENTERPRISE PTY LTD FEBRUARY 2016 3 2. STUDY AREA 2.1. L OC AT I ON 2.2. P L AN N IN G C ON TE X T The study area is located on Ash Road and Walkers Road, Leopold, immediately south- The study area is currently within the Farming Zone. The study area is bounded by Ash east of existing residential development. Leopold is located approximately 10km south-east Road and Farming Zone land to the east, land in the Rural Living Zone to the south, of Geelong on the Bellarine Highway. recently subdivided Residential 1 Zone land to the west (known as the Estuary Estate) and The location of the study area is shown in Figure 1. an established area of Leopold within the Residential 1 Zone to the north. The planning zones of the study area and surrounding land are shown in Figure 2. It is FIGURE 1 STUDY AREA LOCATION understood that the study area is proposed to be rezoned to the Residential 1 Zone to enable subdivision and development. FIGURE 2 PLANNING ZONES Source: Google Maps, annotated by Urban Enterprise. 4 ASH ROAD DRAFT SHARED INFRASTRUCTURE FUNDING PLAN Source: Planning Maps Online, annotated by Urban Enterprise. 2.3. L AN D OW N E RSH IP The study area comprises 10 parcels of land in private ownership ranging in area from FIGURE 3 PROPERTY IDENTIFICATION PLAN 680m2 to 5.9 hectares. The total area of parcels within the study area is approximately 25 hectares. Table 2 shows the address and plan number of each property within the study area and Figure 3 shows the location of each property. TABLE 2 STUDY AREA PROPERTY INFORMATION Lot. No Address 1 90-108 Ash Rd 2 110-116 Ash Rd 3 22-30 Walkers Rd 4 118-128 Ash Rd 5 130 Ash Rd 6 132 Ash Rd 7 134-144 Ash Road 8 21-29 Walkers Rd 9 146-158 Ash Rd 10 160-172 Ash Rd Source: Urban Enterprise. Source: St Quentin Consulting, 2014. URBAN ENTERPRISE PTY LTD FEBRUARY 2016 5 FIGURE 4 CHARGE AREAS 2.4. IN F RA STRU C TU RE C H ARG E ARE A S For the purposes of cost apportionment, the Development Plan Area has been divided into 1 Charge Area as follows: Charge Area 1: includes land which is in Catchments 1 and 2. The infrastructure usage nexus is outlined in Table 3. Charge Area boundaries are shown in Figure 4. TABLE 3 INFRASTRUCTURE USAGE NEXUS Charge area 1 (Catchments 1 & 2) Intersection & Trails Drainage Public Open Space Other Yes Yes Yes Yes Source: Urban Enterprise. Source: St Quentin Consulting, 2014. 6 ASH ROAD DRAFT SHARED INFRASTRUCTURE FUNDING PLAN 2.5. D E VE L OP M E N T P L A N 2.6. L AN D B U D GE T A draft Development Plan (DP) has been prepared by St Quentin Consulting to guide the The DP includes land designated for residential development, open space and drainage development of the study area following rezoning. The DP indicates the location of purposes. Table 4 shows the land budget for the DP by property. proposed land uses, open space, local roads and drainage reserves. The DP is shown in Figure 5. FIGURE 5 DEVELOPMENT PLAN The total of 21.48 ha of Net Developable Area is expected to yield 322 dwellings at an average of 15 dwellings per hectare. TABLE 4 LAND BUDGET No. Parcel Area Drainage Reserve Encumbered open space Conservation Area Unencumbered Open Space Net Developable Area 1 5.943 0.000 0.000 0.000 0.100 5.843 2 1.963 0.025 0.078 0.036 0.437 1.387 3 2.078 0.322 0.151 0.000 0.000 1.605 4 2.017 0.000 0.000 0.000 0.491 1.526 5 0.068 0.000 0.000 0.000 0.000 0.068 6 0.131 0.000 0.000 0.000 0.000 0.131 7 1.956 0.000 0.000 0.000 0.000 1.956 8 2.088 0.000 0.000 0.000 0.034 2.054 9 4.375 0.000 0.000 0.000 0.000 4.375 10 4.351 0.363 0.000 0.000 1.453 2.535 Total 24.970 0.710 0.229 0.036 2.515 21.480 Source: St Quentin Consulting, 2014. Source: St Quentin Consulting, 2014. URBAN ENTERPRISE PTY LTD FEBRUARY 2016 7 3. S HARED I NFRASTRUCTURE 3.1. OVE RV IE W 3.4. IN F RA STRU C TU RE I TE M S Based on the various technical reports prepared and correspondence with Council officers, Table 5 provides details of each infrastructure to be funded by this SIFP. Additional details a range of shared infrastructure items have been identified which are required to support of these projects are included in the relevant attachments. The location of each item is development of the study area. shown in Figure 6. A number of the infrastructure items to be funded through this SIFP are included as ‘shared’ FIGURE 6 LOCATION OF INFRASTRUCTURE ITEMS infrastructure due to the relatively fragmented land ownership pattern and the likely need for Council to collect funds from multiple smaller subdivisions to deliver items such as open space reserves. Shared infrastructure includes intersections, shared trails, open space land and improvements, drainage land and works, community contributions and planning costs. 3.2. P U B L IC OP E N SP AC E The land budget shows that 2.515ha of public open space will be provided within the study area, which equates to an average provision of 11.7% of NDA and fully satisfies the requirements of Clause 52.01 of the Geelong Planning Scheme. Land acquisition and improvements to public open space are included in the shared infrastructure list to allow equitable collection of funds from all landowners in the study area towards open space on a per hectare basis, and to allow Council or developers to deliver the key open space items in the desired layout once sufficient funds have been collected. 3.3. L AN D V AL U AT ION Land to be acquired for infrastructure in this SIFP has been independently valued by Westlink Consulting (see Appendix D for details). Land was valued using the before and after approach, having regard to the specific location of infrastructure items of land to be acquired and the circumstances of the affected lots. 8 ASH ROAD DRAFT SHARED INFRASTRUCTURE FUNDING PLAN TABLE 5 SHARED INFRASTRUCTURE ITEMS Item No. Item Description Cost Trigger for Provision Costing source/details RD_1 Bellarine Hwy Ash Road Intersection Extend the right hand turn lane to the west of Ash Rd on the Bellarine Hwy. $273,785 First Subdivision Cardno Grogan Richards Cg111176 TR_1 Shared Path Ash Road Construction of a 2.5m shared path along Ash Road adjacent to the study area within existing road reserve. $105,707 As subdivision progresses Urban Enterprise based on Horseshoe Bend DCP @ $160/m in 2012 $ (indexed to July 2013) Roads and Trails Drainage - Land, Construction and Landscaping LA_1 Northern Retention Basin - Land Land for the provision of a drainage basin in Catchment 1 plus surrounds or drainage basin and unencumbered portion of conservation area. $488,663 First Subdivision in Catchment Westlink Consulting Land Valuation Report - 1st July 2013 DR_1a Northern Retention Basin Construction Construction of Retention Basin $203,000 First Subdivision in Catchment Peter Berry & Assoc, July 2013 (Appendix 3) DR_1b Northern Retention Basin landscaping Landscaping for land around the northern catchment basin, incl. Tree planting and grass $34,999 First Subdivision in Catchment Mexted Rimmer 11/8/12 (indexed to July 2013) LA_2 Southern Retention Basin - Land for basin & surrounds Land for the provision of a drainage basin in Catchment 2 $442,076 First Subdivision in Catchment Westlink Consulting Land Valuation Report - 1st July 2013 DR_2a Southern Retention Basin Construction Construction of Retention Basin $214,000 First Subdivision in Catchment Peter Berry & Assoc, July 2013 (Appendix 3) DR_2b Southern Retention Basin Landscaping Landscaping for land around the southern catchment basin, incl. Tree planting and grass $23,639 First Subdivision in Catchment Mexted Rimmer 11/8/12 (indexed to July 2013) Public Open Space - Land, Cash in Lieu and Landscaping LA_3 Land acquisition for Northern Public Open Space Reserve Land acquisition for Northern Public Open Space Reserve $897,482 At the time the affected lot is subdivided Wetlink Consulting Land Valuation Report - 1st July 2013 OS_1 Landscaping of Northern Public Open Space Reserve 1 Landscaping of Northern Public Open Space Reserve $214,243 At the time the affected lot is subdivided Mexted Rimmer: Reserve No.1 Landscape Works Estimate 31/1/12 (indexed to July 2013) LA_4 Land acquisition for Southern Public Open Space Reserve Land acquisition for Southern Public Open Space Reserve $643,089 At the time the affected lot is subdivided Westlink Consulting Land Valuation Report - 1st July 2013 URBAN ENTERPRISE PTY LTD FEBRUARY 2016 9 OS_2 Landscaping of Southern Public Open Space Reserve 2 Landscaping of Northern Public Open Space Reserve 2. $176,319 At the time the affected lot is subdivided Mexted Rimmer: Reserve No.2 Landscape Works Estimate 31/1/12 (indexed to July 2013) LA_5 Land acquisition of Landscape Buffer (south) Acquisition of the 15m wide strip of land at the southern boundary of Catchment 2 $287,161 At the time the affected lot is subdivided Westlink Consulting Land Valuation Report - 1st July 2013 OS_3 Landscaping works to Landscape Buffer Reserve Landscaping works to Landscape Buffer Reserve $120,305 At the time the affected lot is subdivided Mexted Rimmer: 15m Landscape Buffer Landscape Works Estimate 31/1/12 (indexed to July 2013) LA_6 Public Open Space - Pedestrian Link Reserve Land (West) Reserve providing pedestrian link to the housing development to the west. $30,000 At the time the affected lot is subdivided Westlink Consulting Land Valuation Report - 1st July 2013 O_1 Planning Costs Costs of planning, engineering and development contributions related to the subdivision $159,417 Complete St.Quentin Estimate March 2014 (indexed to July 2013) O_2 Community Infrastructure Contribution Community Infrastructure Levy payable, capped at $900 per dwelling. $289,980 Prior to statement of compliance for each subdivision Urban Enterprise based on $900 per dwelling CIL Other Items Total $4,603,864 3.5. ST AN D ARD S OF P R OV IS I ON The following standards of provision are required for local infrastructure. This section DRAINAGE BASINS AND RESERVES specifically identifies the standards of provision that have been agreed where relevant with Council and will be supported by the Final Approved Ash Road Development Plan. PUBLIC OPEN SPACE Public open space reserves are to be improved to the standards and inclusions specified in Construction of drainage basins and stormwater management will be provided in accordance with the Peter Berry report included in Appendix B. This includes construction of: Road is specified in Appendix A; Continuation of Walkers Road to be constructed to the same standard as that constructed within the Estuary Estate. 10 A drainage basin in the southern section of the study area (Catchment 2) with a detention volume of 2,536m3. The standard of the upgrade to the intersection of the Bellarine Highway and Ash A drainage basin in the northern section of the study area (Catchment 1) with a detention volume of 1,975m3; and Appendix C. These improvement items have been agreed with Council. ROADS Internal roads to be constructed in accordance with Clause 56 of the Scheme. ASH ROAD DRAFT SHARED INFRASTRUCTURE FUNDING PLAN 4. C OST A PPORTIONMENT AND L EVY C ALCULATION 4.1. OVE RV IE W This section provides details on how the cost of infrastructure items have been apportioned TABLE 6 CONTRIBUTIONS PAYABLE BY LOT across the various catchments and lots, and how the overall development contributions Lot. No Address Net Developable Area (hectares) Levy Development Contribution Payable 1 90-108 Ash Rd 5.843 $214,332.61 $1,252,345.42 2 110-116 Ash Rd 1.387 $214,332.61 $297,279.32 of Net Developable Area. 3 22-30 Walkers Rd 1.605 $214,332.61 $344,003.83 Each infrastructure item has been identified as being required to service the future 4 118-128 Ash Rd 1.526 $214,332.61 $327,071.56 5 130 Ash Rd 0.068 $214,332.61 $14,574.62 6 132 Ash Rd 0.131 $214,332.61 $28,077.57 4.3. L E VY C AL C U L AT I ON 7 134-144 Ash Rd 1.956 $214,332.61 $419,234.58 As land within Charge Area 1 (Catchments 1 and 2) is required to contribute to all 8 21-29 Walkers Rd 2.054 $214,332.61 $440,239.17 9 146-158 Ash Rd 4.375 $214,332.61 $937,705.15 10 160-172 Ash Rd 2.535 $214,332.61 $543,333.16 levies have been calculated. 4.2. C OST AP P ORT I ON M E N T The cost of each infrastructure item has been apportioned to the Charge Area on the basis community of the study area only. Therefore, 100% of the cost of each infrastructure item has been apportioned to the study area (i.e. no external apportionment is included). infrastructure items, a single levy has been developed for the Charge Area. The cost of infrastructure items has been converted into a development contributions levy by dividing the total item cost by the Net Developable Area of the Charge Area which is required to contribute to the item. Table 6 shows the development contributions payable per lot, based on the overall levy as Total 21.480 $4,603,864.38 Source: Urban Enterprise. calculated for each infrastructure item and shown in Table 7. URBAN ENTERPRISE PTY LTD FEBRUARY 2016 11 TABLE 7 COST APPORTIONMENT A ND LEVY CALCULATION Item No. Item Cost Demand Units Cost per Hectare of NDA RD_1 Bellarine Hwy Ash Road Intersection $273,785 21.480 $12,746.06 TR_1 Shared Path Ash Road $105,707 21.480 $4,921.18 Northern Retention Basin - Land $488,663 21.480 $22,749.69 DR_1a Northern Retention Basin - Construction $203,000 21.480 $9,450.65 DR_1b Northern Retention Basin - landscaping $34,999 21.480 $1,629.36 Southern Retention Basin - Land for basin & surrounds $442,076 21.480 $20,580.83 DR_2a Southern Retention Basin - Construction $214,000 21.480 $9,962.76 DR_2b Southern Retention Basin - Landscaping $23,639 21.480 $1,100.50 Roads and Trails Drainage - Land, Construction and Landscaping LA_1 LA_2 Public Open Space - Land, Cash in Lieu and Landscaping LA_3 Land acquisition for Northern Public Open Space Reserve $897,482 21.480 $41,782.23 OS_1 Landscaping of Northern Public Open Space Reserve 1 $214,243 21.480 $9,974.05 LA_4 Land acquisition for Southern Public Open Space Reserve $643,089 21.480 $29,938.96 OS_2 Landscaping of Southern Public Open Space Reserve 2 $176,319 21.480 $8,208.52 LA_5 Land acquisition of Landscape Buffer (south) $287,161 21.480 $13,368.75 OS_3 Landscaping works to Landscape Buffer Reserve $120,305 21.480 $5,600.77 LA_6 Public Open Space - Pedestrian Link Reserve Land (West) $30,000 21.480 $1,396.65 12 ASH ROAD DRAFT SHARED INFRASTRUCTURE FUNDING PLAN Other Items O_1 Planning Costs $159,417 21.480 $7,421.65 O_2 Community Infrastructure Contribution $289,980 21.480 $13,500.00 Total $4,603,864 $214,332.61 Source: Urban Enterprise. URBAN ENTERPRISE PTY LTD FEBRUARY 2016 13 5. IMPLEMENTATION AND ADMINISTRATION 5.1. SE C TI ON 173 A GRE E M E N T by adopting a revised land value for each parcel to be acquired based on the same This SIFP will be implemented through s173 agreements with each landowner in the study valuation principles (i.e. the before and after method): area. Each agreement will be based on a model agreement prepared by Council, and describe the implementation principles of this plan, while also including details regarding The revised land value and the adjustment of the contributions must be calculated as of 1 July in each year. levies payable for the relevant lot, the infrastructure items to be funded, and the administrative and legal provisions contained within the SIFP, and delivery of infrastructure In relation to the cost of land to be acquired, the agreed land value must be adjusted over time. All Development Contribution Levies will be published on Council’s website within 14 days of the 1 July each year. 5.2. IN D E X AT I ON 5.3. C OL L E C TI ON OF L E VIE S Land values and construction costs listed are in July 2013 dollars. They will be indexed Levies will be collected by the City of Greater Geelong as follows: annually according to the following method. new lot; In relation to the costs associated with all infrastructure items other than land, the cost must be adjusted and the contribution amounts recalculated according to the following method: The capital costs of each infrastructure item must be adjusted by reference to the Producer Price Indexes Australia, Victoria (Table 17 Output of the Construction industries, subdivision and class index numbers - Road and Bridge Construction In relation to the development of commercial land (or residential land not requiring subdivision), a planning permit condition must require the payment of the development contribution prior to the commencement of works unless there is an agreement with the Responsible Authority to secure the payment of the development contribution by some other means or other timeframe. Victoria (for roads, bridges, trails, drainage and open space items) and Building A statement of compliance must not be issued until the development contributions levy is Construction Victoria (for buildings, Community Infrastructure Levy and Planning paid (or equivalent works are provided in-kind). Costs) published by the ABS (Series 6427.0)) or similar index; For the subdivision of land, not more than 21 days prior to the issue of a Statement of Compliance under the Subdivision Act 1988 in respect of the subdivision creating any All levies and costs must be adjusted as follows: Funds collected will be held in a specific Council account in accordance with the provisions The revised infrastructure costs and the adjustment of the contributions must be of the Planning and Environment Act (1987). All monies held in this account will be used calculated as at 1 July in each year. solely for the provision of infrastructure as itemised in this SIFP. Council will be responsible for ongoing accounting and indexation of this SIFP. 14 ASH ROAD DRAFT SHARED INFRASTRUCTURE FUNDING PLAN 5.4. M E TH OD OF P RO VI S ION Responsibility for the delivery of infrastructure works as described primarily resides with the developer of the land as a works in-kind project, with a credit provided against their development contribution, subject to the agreement of the Council. It is the developers responsibility to facilitate the delivery of all Infrastructure Projects Authority. Where the Responsible Authority agrees that works are to be provided by a developer in lieu of cash contributions: reasonable endeavours to facilitate delivery of the Infrastructure Projects based on the below criteria: under the Ash Road Final Shared Infrastructure Funding Plan, to meet the cost of Normal legislative processes and timeframes for any acquisition of land required to facilitate the Infrastructure Project. Council may enter into Section 173 Agreements, confirming specific credit and project Where credit for works-in-kind can’t be offset against future levy payments, the developer shall be reimbursed by the Responsible Authority for any excess credit at the conclusion of the development of the subject land; Project will be subject to: Councils normal budgetary cycles; and The developer will not be required to make cash payments for contributions until the value of any credits for the provision of agreed works-in-kind are exhausted; delivering the Infrastructure Project(s); and Councils delivery of any infrastructure The value of works provided in accordance with the principles outlined above, will be offset against the development contributions liable to be paid by the developer; Council will only facilitate an Infrastructure Project at a time when Council determines there are sufficient funds in Councils infrastructure contributions account, collected The credit for the works provided shall equal the value identified in the SIFP taking into account the impact of indexation; required to service the development of the subject land. In exceptional circumstances, and provided the Developer has demonstrated to Councils satisfaction that it has made all The construction of works must be completed to the satisfaction of the Responsible Where a developer chooses to bring forward works ahead of the scheduled time in the SIFP, this can be done provided the impact on the SIFP is cost and revenue neutral; Where a developer is in credit against their development contributions liability, this credit will be indexed annually in accordance with the annual increase in the Development Contribution Levy. timing, with landowners to formalise details of infrastructure items to be provided in-kind. All infrastructure items can be provided in-kind under this agreement, excluding item O_2 – Community Infrastructure Contribution. LAND The provision of land identified in this SIFP is suitable as works in-kind to off-set against a In determining whether to agree to the provision of works in lieu of cash the Responsible developer’s development contribution. As with works-in-kind, the provision of land would be Authority will have regard to the following: outlined in an agreement between the developer and the Responsible Authority pursuant to Only works or land identified in the SIFP can be provided in lieu of cash; Detailed design must be approved by the Responsible Authority and generally accord Section 173 of the Planning and Environment Act (1987). The value of the off-set for providing land will equal the value shown in the SIFP, subject to indexation. with the standards outlined unless agreed by the Responsible Authority and the developer; and URBAN ENTERPRISE PTY LTD FEBRUARY 2016 15 5.5. 5.5 P L AN N IN G C O S TS ( ITE M O_ 1) The planning costs associated with the preparation of the draft SIFP were borne by lot one (90 – 108 Ash Road Leopold) and these costs will be credited against the liability of this property, subject to indexation. 16 ASH ROAD DRAFT SHARED INFRASTRUCTURE FUNDING PLAN A PPENDICES Appendix A TRAF FIC ENGINEERING ASSESSMENT Appendix B STORMW ATER MANAGEMEN T STRATEGY Appendix C OPEN SPACE IMPROVEME NT COSTS Appendix D VALUATION REPORT