minutes - City of Stirling

MINUTES OF THE ORDINARY MEETING OF COUNCIL
18 SEPTEMBER 2012
Policy and Legislative Implications
Should the Council refuse the application for development approval, the applicant may have
the right to have the decision reviewed in accordance with Part 14 of the Planning and
Development Act 2005.
Financial Implications
Should Council form the view not to exercise its discretion in relation to the Policy provisions
outlined above the applicant will be required to make a cash-in-lieu contrition payment as
required by the provisions LPS3 of $314,100.00.
The figure of $314,100.00 is derived from the following:-
A mandatory 25% cash in lieu of car parking based on a cost of $25,000 per bay, which is
then halved. This figure is based on land and construction costs = $37,500.00.
Additionally, a land component of 8m 2 per pay is applicable to the mandatory cash in lieu
requirement, at a cost of $2150m 2 (based on the most recent valuation available to the City).
Consequently, a three (3) bay shortfall equates to 24m 2 resulting in a land value requirement
of $51,600. The total mandatory cash in lieu requirement is therefore $89,100.
A 9 bay shortfall based on construction cost of $25,000 per bay equates to $225,000.
Strategic Implications
Goal 3:
Objective 3.3:
SI 3.3.1:
To foster the ongoing economic development of the City, encouraging
investment and employment in a sustainable manner.
Create and foster an environment that encourages innovation and
investment.
Develop and implement a strategy to foster economic development and
tourism.
Sustainability Implications
The following tables outline the applicable sustainability issues for this proposal:-
Nil.
Issue
ENVIRONMENTAL
Comment
268