Code 05CARP3002
Project Area / Project Category Area 5 / Car Parking
Location Milton
Description Milton car park (84 Princes Highway)
Strategy To provide car parking to meet future retail and commercial demand.
Project Estimate $586,591.00 in Dec 2009
Indexed Estimate $751,116.20
Apportionment The apportionment to future development is 100%.
Nexus Developments in the contribution area that cannot meet all of their parking requirements through on site provision will be required to make a monetary contribution to the Council. The contribution required will be the number of deficient spaces multiplied by the contribution rate. Funds collected will be applied to the provision of public parking.
Supporting Information

Supporting information can be found here.

Land Acquisition Estimate $171,591.00 in Dec 2009
Timing Not applicable. This project has been completed.

Contribution Rate

Financial Year Contribution Rate Type Contribution Rate Existing ET / M2 / SP Future ET / M2 / SP Total ET / M2 / SP
2021 Parking Space $11,555.63 65 65