We have released a Final Report on our assessment of Glenmore Park Stage 3 Contributions Plan.
What has the council proposed?
Penrith City Council proposed to levy a total of around $225 million in developer contributions to provide the local infrastructure needed to service the Glenmore Park Stage 3 precinct.
Overview of our findings
We found that most of the infrastructure costs in the plan are essential, reasonable and that community liaison has occurred. We are seeking further information from the council about essential works, nexus, apportionment and costs in the plan.
Our recommendations
We have made recommendations to increase contingency allowances across stormwater, open space and transport infrastructure in the plan, to make adjustments to costs in the plan and to update the plan administration costs. We have also recommended that stormwater and transport costs be apportioned to the non-residential development.
After implementing our recommendations, the total costs of the plan will have increased by 2%, from around $225 million to $230 million, mostly due to recommending increased contingencies, updating plan administration costs and fixing errors in the work schedule. The council’s proposed contribution rates ranged from $48,861 to $104,238 and our recommended contribution rates range from $49,549 to $105,705.