Indexation changes made

Council has resolved to amend the indexation provisions of some of its Section 94 Contributions Plans on the Peninsula to bring them in line with other Council contributions plans.

Contribution plans on the Peninsula to be amended include Woy Woy CBD Car Parking, Umina Beach CBD Car Parking and Ettalong Beach CBD Car Parking.

The indexes referred to in the old plans were no longer prepared by Australian Bureau of Statistics.

Council has now resolved to update, amend and or insert new provisions relating to indexation of the cost or value of works and contributions in Section 94 Contributions Plans to make the provisions consistent across all contributions plans in the city.

Council agenda ENV.70, December 6