METROPOLITAN
REDEVELOPMENT AUTHORITY — 3 OCEANS TWIN TOWERS DEVELOPMENT —SCARBOROUGH
1191. Hon COLIN TINCKNELL to the minister representing the
Minister for Planning:
I refer to the Scarborough
redevelopment scheme of September 2017 that covers the development contribution
plan and area. The rate of contribution within the area is applied at a gradually
increasing rate per square metre relative to the height of the development.
(1) At what rate
per square metre has the Metropolitan Redevelopment Authority applied the
development contribution to the 3 Oceans development?
(2) If the rate
is the same as for that of a 12-storey development, at $100.93, why was there
no increase in the rate relative to the increased height allowance?
(3) What is the
total development contribution amount being paid by 3 Oceans for the
Scarborough development?
Hon
STEPHEN DAWSON replied:
I thank the honourable member for
some notice of the question.
(1) The
development contribution liability on the 3 Oceans development has been calculated
based on $100.93 per square metre of developable area.
(2) The
development contribution payment is set on the per square metre of developable
area, excluding land required for road widening. The payment is set at
different rates depending on the base height limit identified under the ''Scarborough
Development Contribution Plan''. Note that there are other works
required to be funded by the developer in accordance with the conditions of
approval issued by the Metropolitan Redevelopment Authority.
(3) It is $734 366.68.