IPART has completed its Final Report of the Hills Shire Council revised Contributions Plan No 15 - Box Hill (CP15).
The council proposed to levy a contribution rate of around $95,000 for a typical house. In total it would raise around $1 billion in contributions to developers over the life of the Box Hill precinct. The council will use the contributions it collects to fund open space, stormwater management and transport infrastructure, as well as land acquisitions needed to support development in the precinct.
IPART found most of the infrastructure and costs in the plan are essential, reasonable and that community liaison has occurred.
Under our recommendations, we estimate that contribution rates will range from around $29,000 for an apartment, up to around $77,000 for a typical house.
We have provided our final assessment and recommendations to the Minister. The Minister, or their Nominee, will advise the council on any changes it needs to make prior to adopting the plan. The council will then be entitled to charge the applicable contributions rates in CP15.