Contributions under microscope at council
COFFS Harbour City councillors are considering whether to waive a number of developer contributions in order to activate residential development in the CBD.
A motion to council on Thursday floated incentives including an exemption of developer contribution charges for tourist accommodation and shop-top housing.
The exemptions could run for two years or until a maximum cap (incentive allowance) of $2.5million is reached.
The council will receive a report presenting a draft Development Incentive Policy based on the following principles:
- An exemption of developer contribution charges for residential development, consisting of at least four Equivalent Tenements (ETs) for developments within the Coffs Harbour city centre.
- An exemption of developer contributions charges for tourist accommodation and shop-top housing, consisting of at least one Equivalent Tenements (ET) for developments within the Coffs Harbour city centre.
- The period of exemption to run for two years from the date the policy is approved or until a maximum cap of $2.5 million is reached.
- To qualify developments must be issued with an occupation certificate within three years from the time the application is lodged.