Common use of Development Land Clause in Contracts

Development Land. (a) The land to which the Development relates, is located at ▇▇-▇▇ ▇▇▇▇▇ ▇▇▇▇, Castle Hill, and is identified as Lot 2 in Deposited Plan 565458 held in Certificate of Title Volume 12322 Folio 78. (b) The Development Application seeks Development Consent for a two-stage subdivision of the Land to allow the Marymount Forest and Tahlee Park Extension to be transferred to Council independently of the Community Title residential subdivision component of the development. To this end: (i) Stage 1 will involve a Torrens Title subdivision of the existing allotment into Lot 100 (Marymount Forest) and Lot 101 (Balance Land) shown in the Stage 1 Plan, with Marymount Forest (Lot 100) to be transferred to Council; and (ii) Stage 2 will involve: (A) a subdivision of Lot 101 (Balance Land) under Community Title to create the Tahlee Park Extension (Lot 65 in the Stage 2 Plan), 63 residential lots (numbered 2 to 64 in the Stage 2 Plan) and Mercy Park (Lot 1 in the Stage 2 Plan), with Mercy Park to be maintained by the community association in accordance with a Community Management Statement; and (B) the dedication of the Roads and Infrastructure and Tahlee Park Extension (Lot 65) to Council.

Appears in 3 contracts

Sources: Community Benefit Planning Agreement, Community Benefit Planning Agreement, Community Benefit Planning Agreement