Regarding the proposed subdivision DA in McAuleys Lane Myocum as reported in last week’s Echo, I write to shed light on a concerning aspect that warrants further attention. After reviewing the DA, and in addition to the community’s apprehensions about the project, if approved, the financial implications could negatively affect both the Council and our local community.
Tareeda Developments’ application raises questions about the adequacy of their financial contribution to the community, particularly in terms of their developer contribution funds.
In any development application (DA), these contributions are typically calculated as a percentage of the estimated project work cost. However, Tareeda has estimated their cost of works at $2.8 million without providing a Cost of Works Assessment Analysis, a standard requirement by Council.
The absence of this essential analysis, prepared by a quantity surveyor as per Council norms, is a notable concern.
The $2.8 million estimate encompasses a range of elements, including 38 lots, associated roadworks, comprehensive traffic intersection upgrades, power supply, stormwater treatment, and various community facilities such as a wet bar, tennis court, multi-purpose yoga room, and community pavilion. The lack of transparency in how Tareeda arrived at this figure is a matter that demands scrutiny.
How did Tareeda Developments arrive at this specific cost, given the extensive scope of the project?
The absence of a Cost of Works Assessment Analysis raises questions about the accuracy and thoroughness of their financial estimates. This is an issue that warrants the Council’s diligent investigation to ensure that the financial contributions align with the scale and impact of the proposed development.
I trust that the Council will thoroughly examine this matter, ensuring transparency and accountability in evaluating Tareeda Developments’ financial commitments.
The community deserves assurance that the proposed subdivision not only meets regulatory standards but also contributes adequately to the development’s impact on the local infrastructure and amenities.
