Code 05ROAD2003
Project Area / Project Category Area 5 / Roads and Traffic
Location Mollymook
Description Ocean Street/Maisie Williams Drive/Ilett Street roundabout (Mollymook)
Strategy To provide improved, efficient and safe public road networks for increasing traffic volumes associated with development demand.
Project Estimate $546,750.00 in Nov 2005
Indexed Estimate $830,356.51
Apportionment Recoupment of cost apportioned to future development is 90.1%.
Nexus The project is critical for ensuring that new development pays an equitable apportionment of costs associated with providing a suitable road network which directly services demand created by development. The demand for this project includes 2.03% assumed through traffic. This equates to $11,077.42 in Nov 2005 which is apportioned to Council.
Supporting Information

Supporting information can be found here.

Land Acquisition Estimate $0.00
Timing Not applicable. The project has been completed.

Contribution Rate

Financial Year Contribution Area Contribution Rate Type Contribution Rate Existing ET / M2 / SP Future ET / M2 / SP Total ET / M2 / SP
2018 1 Equivalent Tenement $593.10 65 57 122
2018 2 Equivalent Tenement $2,372.41 11 297 308