Examples of Development Contribution in a sentence
Any Contribution Value specified in this Deed in relation to a Development Contribution comprising the carrying out of Work does not serve to define the extent of the Developer’s obligation to make the Development Contribution.
The Council is to apply each Development Contribution made by the Developer under this Deed towards the public purpose for which it is made and otherwise in accordance with this Deed.
Any Contribution Value for a Work is to be indexed in accordance with the CPI from the date of this Deed to the date the Development Contribution is provided.
Despite clause 9.3, the Council may apply a Development Contribution made under this Deed towards a public purpose other than the public purpose specified in this Deed if the Council reasonably considers that the public interest would be better served by applying the Development Contribution towards that other purpose rather than the purpose so specified.
A Development Contribution comprising the creation of a Public Easement over the Land is satisfied when the Council is given evidence that the Public Easement has been registered on the title to the Land.