PROPERTY OWNERS VOTE IN FAVOUR OF RIVERSTONE DEVELOPMENT PLAN
Written on the 18 April 2016 by Kevin ConollyProperty owners in the Riverstone Scheduled Lands Precinct A (Stages 1-3) in Sydney's Northwest have voted overwhelmingly in support of a proposed development plan that will enable the subdivision of their existing lots and deliver essential infrastructure and services.
Of the approximately 50 landowner groups, 80% voted in favour of the proposal, representing close to 90% of the land held in Precinct A (Stages 1-3).
"This is a resounding vote in favour of a sensible development plan. This is a great outcome for residents and landowners in Riverstone. The opportunity to provide these essential services to support the development of this community will allow the potential of this first section of the scheduled lands to be unlocked at last," said the Member for Riverstone, Kevin Conolly.
Under planning legislation that is unique to Riverstone and other 'paper subdivisions' in NSW, a ballot was held in March to allow landowners to vote on a proposed development plan that would create a new subdivision over their land. A minimum 60% of landowners owning 60% of the land needed to vote in favour of the plan before it could go ahead.
Around 50 landowner groups in Precinct A (Stages 13) were eligible to vote in the ballot which was managed by the Returning Officer KPMG and closed on 31 March.
As the development coordinator, UrbanGrowth NSW created a new development plan and incorporated the planning changes from the housing diversity package that allows for a variety of lots ranging in size from 300m2 to 500m2. The new plan was presented to landowners in December 2015.
"Now that landowners have voted resoundingly in favour of the plan, the Minister for Planning may now decide whether to issue the subdivision order to UrbanGrowth NSW, allowing the implementation of the development plan to proceed over the next six to 12 months," said Mr Conolly.
UrbanGrowth NSW will be contacting landowners in Precinct A (Stages 1-3) this week, and will hold information sessions in June to explain the next steps in the subdivision process.
Author: Kevin Conolly
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