Parks funding: Cash in lieu

Consultation has concluded

The City of Cockburn has released its planned expenditure on parks and public open space (POS) for 2018 to 2020, using funds collected from developers under a cash-in-lieu program.

The above Public Open Space Cash-in-Lieu Expenditure Plan has been developed to provide a strategic direction to the allocation of funds held within the City’s POS Reserve accounts.

These funds have been received instead of the developer providing a 10% contribution of land, most often when there is no suitable land to contribute. The value is determined by an independent land valuation and agreed by the landowner, council and Western Australian Planning Commission (WAPC). The Planning and Development Act 2005 sets specific criteria for expenditure of these funds and require approval from the Minister Transport; Planning; Lands.

The City of Cockburn has released its planned expenditure on parks and public open space (POS) for 2018 to 2020, using funds collected from developers under a cash-in-lieu program.

The above Public Open Space Cash-in-Lieu Expenditure Plan has been developed to provide a strategic direction to the allocation of funds held within the City’s POS Reserve accounts.

These funds have been received instead of the developer providing a 10% contribution of land, most often when there is no suitable land to contribute. The value is determined by an independent land valuation and agreed by the landowner, council and Western Australian Planning Commission (WAPC). The Planning and Development Act 2005 sets specific criteria for expenditure of these funds and require approval from the Minister Transport; Planning; Lands.