Cabinet paper

Cabinet Paper CAB-19-SUB-0269: Urban Growth Agenda: Infrastructure Funding and Financing - Infrastructure Levy Model - Development Contributions

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Cabinet Paper CAB-19-SUB-0269: Urban Growth Agenda: Infrastructure Funding and Financing - Infrastructure Levy Model - Development Contributions#

Proposal

  1. This paper seeks Cabinet approval to alter its previously agreed position on the use of development contributions (DCs) in relation to the Infrastructure Levy Model (the Model). Officials propose more flexibility in the council funding system to enable the Model to be used in a broader range of projects.
  2. The current design of the Model also requires the relevant portion of previously collected DCs to be transferred to a special purpose vehicle (SPV) where the SPV is responsible for the financing and/or development of infrastructure for which the DC was collected. This paper also seeks to provide an option to refund to the current landowner previously collected DCs for infrastructure that is subsequently funded by a Levy.

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