IPART has released its Final Report on the contributions that Blacktown City Council can levy on developers in the Schofields Precinct.
Blacktown City Council proposes to levy a total of around $325 million in developer contributions to provide the infrastructure needed to service the area.
Tribunal member Deborah Cope said it is expected that this will result in contribution rates that range from $46,000 to $131,000 for homes within the Schofields Precinct.
”Our analysis has found that the infrastructure costs in the plan are essential and reasonable, and that public consultation has occurred.” Ms Cope said.
The council will use the contributions it collects to fund the open space, stormwater, transport infrastructure and land needed to support the development.
We have also made recommendations on the council’s proposal to apply a land value index to the land component of the costs in the plan.
“The land value index will help to ensure that the costs of any land that the council has not yet acquired keep up with changes in land values, and that the council collects enough money to purchase that land.”
The contributions plan covers around 465 hectares and is expected to provide infrastructure to 3,700 new dwellings and a population of up to 10,500.
The Final Report is available on IPART’s website.
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