Parramatta City Centre Local Infrastructure Contributions Plan 2022 Update

PUBLIC NOTICE - APPROVAL OF PARRAMATTA CITY CENTRE LOCAL INFRASTRUCTURE CONTRIBUTIONS PLAN 2022 (AMENDMENT NO.1)

Notice is hereby given that on 22 May 2023, City of Parramatta Council resolved to approve the Parramatta City Centre Local Infrastructure Contributions Plan 2022 (Amendment No.1) (the Contributions Plan) for submission to the Department of Planning and Environment (the Department) to request an amendment to Section 209 of the Environmental Planning and Assessment Regulation 2021 (the Regulation). The request to apply higher percentage rates to the Phillip Street block, as identified  below, was approved by the Department on 28 June 2023; and came into effect by an amendment to Section 209 of the Regulation on 30 June 2023.

The amended Contributions Plan applies the higher percentage rates (4% and 5%) to the Phillip Street Block – being land bounded by Phillip Street, Smith Street, the Parramatta River, and Charles Street (outlined in red in the image above) – by removing the “Area A” notation from that land.

The Contributions Plan will continue to apply to the Parramatta Central Business District and a development contribution levy will be imposed on all new development with a cost exceeding $250,000. The levy rates will be applied as a percentage of the development cost as outlined below:

Development Percentage levy ‘Area A’ Percentage levy ‘all other land within CBD’ Residential Accommodation where the total development cost is over $250,000 3% 5% Mixed-Use development (development including residential accommodation and other land uses) where the total development cost is over $250,000 3% 5% Other development (excluding residential accommodation) where the total development cost is over $250,000 3% 4%

Details of ‘Area A’ and ‘all other land within CBD’ are provided on Figure 2 of the amended Contributions Plan which will be available online at https://www.cityofparramatta.nsw.gov.au/development/planning/development-contributions

The report and minutes relating to the amended Contributions Plan can be viewed online https://www.cityofparramatta.nsw.gov.au/council/council-meetings (refer to Item 13.3 in the Business Paper for Council’s meeting of 22 May 2023.)

The amended Contributions Plan came into effect on 30 June 2023 and is available online at: https://www.cityofparramatta.nsw.gov.au/development/planning/development-contributions

For further information or queries, please contact Council’s Infrastructure Planning team on 9806 5050 or at [email protected]