|
Item 8.5 - Attachment 4 |
Draft VPA Value
Summary |
PUBLIC BENEFIT VALUE
Table 1 identifies the Public Benefits offered under the
Voluntary Planning Agreement between Glory Property Development (
|
Voluntary Planning Agreement Offer Public Benefits |
Offer Value |
Council Value |
Council Description/Note |
Assigned Public Benefit (%) |
VPA Public Benefit Value |
|
New Laneway Link To
complete the design, construction and commissioning of a new vehicle and
pedestrian laneway link, including a traffic calming device, connecting
existing laneways to the north and south. This creates a more efficient
traffic and pedestrian movements to and from Parramatta Railway Access/Bus
Interchange. All designs to meet BCA and AS requirements. Preparation,
demolition and substructure Cobble
stones Street
lighting Associated
drainage/stormwater Associated
design, construction and certification TOTAL |
$9,768.75 $23,685 $10,000 $5,000 $19,005 $67,458.75 |
$11,800 $23,600 $10,000 $15,000 subtotal $60,400 $12,080 $72,480 |
$200/m³
x 59 $400/m²
x 59 2
lights $200/m
x 50 + 2 pits at $2,500 ea. $60,400
x 20% |
Nil 50% 100% Nil 100% of (20% x $21,800) |
Nil $11,800 $10,000 Nil subtotal $21,800 $4,360 $26,160 |
|
Resurface/reconstruct existing laneways To
complete the design, reconstruction and commissioning of the adjoining
existing laneways with new high quality cobble stones, street lighting and
associated drainage. All designs to meet BCA and AS requirements. Preparation,
demolition and substructure Replace
existing bitumen with cobble stones Street
lighting Associated
drainage/stormwater Associated
design, construction and certification TOTAL |
$55,356.25 $134,215 $15,000 $5,000 $82,355 $291,926.25 |
$96,400 $192,800 $15,000 $15,000 subtotal $319,200 $63,840 $383,040 |
$200/m³
x 482 $400/m²
x 482 3
lights $200/m
x 50, + 2 pits at $2,500 ea. $319,200
x 20% |
100% 100% 100% 100% 100% (of 20% x $319,200) |
$96,400 $192,800 $15,000 $15,000 subtotal $319,200 $63,840 $383,040 |
|
Dedication of Land To
allow the immediate commissioning of the vehicular link 26.4m2 of additional
land is to be dedicated to Council. Additional
29.42m2 |
$163,928.20 |
$30,385 |
Council’s
valuation if for the entire area to be dedicated to Council of approximately
59m² $515/m²
x 59 |
100% |
$30,385 |
|
Urban design, landscaping, art and signage To
complete the design, construction and commissioning of the Public Domain Area
with high quality finishes, crime prevention landscaping and community art
theme. A laneway naming project and creating a safe inviting meeting place is
the urban design outcome. All designs to meet BCA and AS requirements. Landscape
and irrigation Artwork Signage
& CCTV Associated
design, construction and certification TOTAL |
$25,600 $35,000 $5,000 $25,340 $90,940 |
$25,000 $35,000 $25,000 subtotal $85,000 $17,000 $102,000 |
6
trees at $2,500 ea. + other planting & irrigation As
per approved Arts/Signage Plan As
per approved Arts/Signage Plan. Min 3 cameras and 1 server. $85,000
x 20% |
50% Nil 100% for CCTV 100% (of 20% x $32,500) |
$12,500 Nil $20,000 subtotal $32,500 $6,500 $39,000 |
|
SUBTOTAL VPA OFFER
(Excluding Development Costs) |
$614,253.20 |
$587,905 |
|
|
$478,585 |