Voluntary Planning Agreements City of Sydney
Voluntary Planning Agreements (VPAs) are becoming increasingly common in many local government areas in Australia, including the City of Sydney. These agreements are a means of securing benefits for the local community from developers, such as funding for public open space, transport upgrades, and affordable housing. In this article, we will explore what VPAs are, how they work, and their importance in the City of Sydney.
What are Voluntary Planning Agreements?
Voluntary Planning Agreements (VPAs) are legally binding agreements between a developer and a local council, which generally include conditions that the developer needs to meet in exchange for receiving development approval. VPAs are designed to provide benefits to the local community, which may not otherwise be required by planning controls or regulations.
How do VPAs work?
VPAs are negotiated between developers and the City of Sydney Council. They provide an opportunity for developers to offer specific benefits to the local community, such as funding for public infrastructure or community facilities. To ensure transparency, these benefits must be detailed in the VPA, and the council must demonstrate that the community will receive genuine benefits in exchange for development approval.
The benefits that developers offer can vary greatly, depending on the development and the community`s needs. For example, the City of Sydney may require developers to provide funding for open spaces, transportation upgrades, affordable housing, or other community facilities.
Once a VPA has been agreed between the developer and the City of Sydney Council, it becomes legally binding. The VPA may be registered on the property title, meaning that any future owner of the property is bound by the VPA`s terms.
Why are VPAs important in the City of Sydney?
The City of Sydney is a growing metropolis with a high demand for new developments. VPAs play an essential role in ensuring that this development benefits the community and meets the City`s planning objectives.
The City is one of the most densely populated areas in Australia. It is essential to have a well-planned public infrastructure system that can accommodate the growing number of residents and visitors. VPAs provide an opportunity for developers to contribute to the City`s public infrastructure and to ensure that the growth of the City`s population does not negatively impact the community`s livability.
VPAs also provide a way to secure affordable housing. The City is committed to providing a range of housing options for people on different incomes, and VPAs can be used to provide affordable housing units within new developments.
In summary, VPAs are a vital tool for ensuring that new developments in the City of Sydney contribute to the community`s needs and that the City`s planning objectives are met. They provide developers with a way to offer benefits to the community and to ensure that any negative impacts of new developments are mitigated. Through VPAs, the City of Sydney can continue to grow and develop sustainably.