GREATER Bendigo councillors will consider imposing levies on new Maiden Gully developments so the city can raise more than $89 million for major projects in the area.
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A reworked Maiden Gully Precinct Structure Plan will go before councillors for approval when they meet on Wednesday night.
A Development Contributions Plan levy of $243,000 per hectare has been proposed for developers. The levy would generate $88.81 million by the time the development areas are built out.
The money would go towards infrastructure such as drainage, roads and public open space.
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The report also noted a Community Infrastructure Levy of $1210 per dwelling would be utilised.
The CIL would be imposed on home owners or builders, and would be collected at the building permit stage. That levy was expected to generate an income of $5 million.
The report noted the total value of the DCP projects was expected to be $89.54 million. The levies would be used to fully fund the development of new roads, intersections, footpaths, drainage, and community facilities.
About 218 properties would fall into the levy overlay area. The levy would be payable if and when land was subdivided by the owner or developer.
Land at Marist College Bendigo, existing road reserves and roads shown on plans, and some public land would be excluded from the levy.
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Six properties on Schumakers Lane would also be excluded as the report noted the viability of subdividing those properties was limited.
But three properties on Schumakers Lane and a Calder Highway property would be subjected to the levy as they were considered to have more development potential.
The report also noted that land would need to be purchased to facilitate a number of the DCP projects. City staff have already met with a number of land owners.
The report recommended council adopt the Maiden Gully Precinct Structure Plan and Development Contributions Plan at its meeting on Wednesday night.
The report noted the plans were of high priority and importance for the region.
"The commitment given is that the city will keep this project moving forward as quickly as possible as these major projects will be important to the city's post-COVID-19 recovery," the report said.
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Tara Cosoleto
Journalist covering courts and general news at the Bendigo Advertiser.
Journalist covering courts and general news at the Bendigo Advertiser.
