2015-16 Draft Development Contributions Policy
||9 April 2015
||30 April 2015
|Number of submissions
- 26 May 2015
The Governance, Finance and Planning Committee reviewed submissions on the Draft Development Contributions Policy alongside the development of the Long-term Plan: Committee meeting - 26.05.16.
- 24 June 2015
Revised Development Contributions Policy presented to Council: Council meeting 24.06.15.
The Development Contributions Policy provides the Council with a means of recovering the costs of some specific growth infrastructure required for new development, where the development results in an increase in demand on the city’s infrastructure.
The Local Government Act 2002 requires the policy to be reviewed at least every three years. The Council’s Development Contributions Policy was first adopted in 2005, and is generally amended alongside the Council Long-term Plan.
Development contributions are a key component of Council’s strategy for funding growth-related capital expenditure.
Reviewing and updating the Development Contributions Policy ensures that the Council’s development contribution charges are based on the capital expenditure forecasts and assumptions in the Council’s 2015-25 Long-term Plan.