Development Contribution. 6.1 The Developer agrees that prior to the issue of a subdivision certificate for the subdivision of the land, the Developer is to pay Council, by electronic bank transfer to Council’s nominated bank account, the Development Contribution to be used by the Council for the Public Purpose. 6.2 Council agrees: 6.2.1 to accept the Development Contribution as a material public benefit; and 6.2.2 to use the Development Contribution for the Public Purpose. 6.3 The Developer acknowledges and agrees that Council retains sole discretion as to the priority and timing of the Public Purpose.
Appears in 3 contracts
Sources: Planning Agreement, Planning Agreement, Planning Agreement