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Finalising

Marsden Park – Amended Stockland Planning Agreement

2017/8809 Marsden Park Amended Stockland Planning Agreement

As Stockland have acquired land from Winten Developments Pty Ltd, Stockland has agreed to provide the Road Improvement Works Contribution previously required under the Winten Planning Agreement.

The Amended Agreement provides that the Developer will make a development contribution by providing:

• the Initial Road Improvement Works Contribution (noting that this contribution has been provided);

• the Final Road Improvement Works Contribution, comprising the:

o Garfield Road West Extension Works as generally set out in the Road Works Plan attached to the Amended Agreement;

o Precinct Road Works Cash Contribution being a monetary contribution previously paid towards the Developer’s Special Infrastructure Contribution liability for the delivery by RMS of road works within the Marsden Park Precinct in the amount of $7,309,928.86 (noting that this contribution has been provided);

o Access Road 1 Cash Contribution, including a minimum cash contribution of $8 million and an additional cash contribution calculated in accordance with the Amended Agreement;

• Education Land Contribution comprising the dedication of approximately 3 hectares of the Land to the Minister, identified as the “Northern Primary School Site”; and

• Electricity Substation Land comprising of the dedication of approximately 1 hectare of the Land to the Minister (noting that this contribution has already been provided).

The objective of the Amended Agreement is to facilitate the Developer’s the delivery of the Development Contribution.
Attachments & Resources
VPA location details
Location Marsden Park – Amended Stockland Planning Agreement
Local Government Area Blacktown
Notification location At any Service NSW centre. To find the centre nearest to you visit the website at www.service.nsw.gov.au/service-centre. Alternatively, you can call 13 77 88.
Key dates and other information
Status Finalising
Notification start date 16/05/2018
Notification end date 15/06/2018
VPA operational (Yes/No) Yes
Do satisfactory arrangements apply Yes
Developer Stockland Development Pty Ltd