Pat Spicer

PAT SPICER QUESTION 1 What implications/impact does receiving a grant through the Residential Activation Fund for infrastructure work at 62/64 Lake Macdonald Drive, Cooroy have for future use of Lots 2 and 3 of the subdivision? Response provided by Kim Rawlings, Director Strategy & Environment The Residential Activation Fund is for infrastructure to support housing not for the construction of housing itself. Proposed Lot 1 will provide housing, as the lot will be sold to Coast2bay Housing Group for the construction of 25 much needed community housing units, once the subdivision is finished. Proposed Lots 2 and 3 will be investigated for a range of land uses including housing, in accordance with the Council resolution dated 23 January 2025 (including community consultation). QUESTION 2 As Council has a grant of $4.1million for trunk infrastructure for 62/64 Lake Macdonald Drive, Cooroy from the Residential Activation Fund and the cost of the contract which will result in this infrastructure being provided on 64 Lake Macdonald Drive is approximately $6 million, will Council be activating the loan facility or using Council reserves to cover the balance of the cost? Response provided by Kim Rawlings, Director Strategy & Environment Council continues to explore opportunities as outlined in Item D of Council resolution dated 23 January 2025. A loan facility is being investigated along with pursuing further grant funding opportunities.