Criterion 3 Reasonable costs – The proposed development contribution is based on a reasonable estimate of the cost of the proposed public amenities and public services. IPART must advise whether the proposed development contributions are based on a estimate of the cost of the proposed public amenities and public reasonable services. Reasonable may be based on estimates that have been provided by consultants or the council’s experience. They should be comparable to the costs required to deliver similar land and facilities in other areas. To assess costs we examine the works schedules and identify any cost differences between what was recommended in the supporting studies and the contributions plan, and why these may have occurred. We draw comparisons with the costs contained in industry guides and other sources where appropriate. An example may include our Local Infrastructure Benchmark Cost review. Consultants may also be used to help identify whether costs are reasonable for some types of infrastructure. Checklist for the contributions plan Does the contributions plan Contributions Plan … page reference(s) Include a statement about how costs have been Yes No Relevant background derived and when these cost estimates were studies prepared (eg, Quantity Surveyor, standard costs used by the council)? Explain how and when the land has been valued? Yes No MMJ Report Include full costs of each item of infrastructure? Yes No Work Schedules Explain how the council will respond to cost Yes No Section 2.22 of the fluctuations and inflation? Plan (page 11) Include a schedule of the contributions rates Yes No Part 1 of the Plan charged under the contributions plan (eg, this (page 1) could be presented as $/ha, $/person, $/dwelling)? Provide details of accounting processes for s94 Yes No Not applicable funds (eg, does council funds from other s94 ‘pool’ accounts or use internal borrowings to deliver infrastructure projects)? If using a Net Present Value (NPV) approach, Yes No Not applicable include assumptions made in the modelling of costs and revenue? Include a schedule of land acquisitions required for Yes No Work Schedules the proposed infrastructure?
Criterion 3 – Reasonable costs The proposed development contribution is based on a reasonable estimate of the cost of the proposed public amenities and public services. IPART must advise whether the proposed development contributions are based on a reasonable estimate of the cost of the proposed public amenities and public services. Reasonable may be based on estimates that have been provided by consultants or the council’s experience. They should be comparable to the costs required to deliver similar land and facilities in other areas. To assess costs we examine the works schedules and identify any cost differences between what was recommended in the supporting studies and the contributions plan, and why these may have occurred. We draw comparisons with the costs contained in industry guides and other sources where appropriate. An example may include our Local Infrastructure Benchmark Cost review. Consultants may also be used to help identify whether costs are reasonable for some types of infrastructure. Checklist for the contributions plan Does the contributions plan … Contributions Plan page reference(s) Include a statement about how costs have been derived and when these cost estimates were prepared (eg, Quantity Surveyor, standard costs used by the council)? Yes No Relevant background studies Explain how and when the land has been valued? Yes No MMJ Report Include full costs of each item of infrastructure? Yes No Work Schedules Explain how the council will respond to cost fluctuations and inflation? Yes No Section 2.22 of the Plan (page 11) Include a schedule of the contributions rates charged under the contributions plan (eg, this could be presented as $/ha, $/person, $/dwelling)? Yes No Part 1 of the Plan (page 1) Provide details of accounting processes for s94 funds (eg, does council ‘pool’ funds from other s94 accounts or use internal borrowings to deliver infrastructure projects)? Yes No Not applicable If using a Net Present Value (NPV) approach, include assumptions made in the modelling of costs and revenue? Yes No Not applicable Include a schedule of land acquisitions required for the proposed infrastructure? Yes No Work Schedules
wollongong_city_council_-_application_for_assessment_of_west_dapto_section_94_contributions_plan.docx