Lease Agreement for Yasmar Reserve - Lot 1, DP604108 - Crown Lands 11/125253

Contract Award Notice ID Crown Lands 11/125253

Publish Date 13-Dec-2011

Category Land leases

Agency NSW Department of Primary Industries

Particulars of the goods or services to be provided under this contract

Lease agreement for the occupation of part of Lot 1, DP 604108 for the purposes of constructing a Bilingual School.

Contract Duration 9-Nov-2007 to 8-Nov-2027

Contract Award Notice Details

Contractor Name Co.As.It. – Italian Association of Assistance
ACN -
ABN 23 002 288 539
Is an Aboriginal or Torres Strait Islander owned business No
Street Address 67 Norton Street
Town/City Leichhardt
State/Territory NSW
Postcode 2040
Country AUSTRALIA

Other private sector entities involved in, with an interest in or benefiting from this contract

Not Applicable

Estimated amount payable to the contractor (including GST)

$2,400,000.00 (Real property leased)

Any provisions for payment to the contractor for operational or maintenance services

Not Applicable

Method of Tendering

Open

Description of any provision under which the amount payable to the contractor may be varied

Adjusted by CPI, redeterminable every 3 years. However, until Development Consent is gained by the lessee, statutory minimum rent (approximately $440 p.a + gst) applies.

Description of any provisions under which the contract may be renegotiated

The lease provides the lessee with an option to extend the lease for an additional 20 years.

Summary of the criteria against which the various tenders were assessed

Evaluation Criteria	Weighting
Business and Financial Plan	25%
Design and sustainability	25%
Financial Capability	25%
Relevant Project Experience	25%

Contract Contains Agency 'PiggyBack' Clause

Industrial Relations Details for this Contract

Name of Sub-contractors (incl. ABN & ACN)

Not Applicable

Applicable Industrial Instruments

Not Applicable

Location of Work

185 Parramatta Road, Haberfield

NSW Industrial Relations inspectors routinely audit the employment records of contractors and sub-contractors to all NSW Government contracts. The results of these inspections are published on the NSW Industrial Relations website.

Agency Contact Crown Lands South

Street Address 12/10 Valentine Avenue

Town/City Parramatta

State/Territory NSW

Postcode 2124

Country AUSTRALIA

Phone Number 02 9236 7113

Email Address SydneyCrownLands@lands.nsw.gov.au

Particulars of future transfers of assets to the State, at zero or nominal cost to the State, including the date of their transfer

Not Applicable

Particulars of future transfers of assets to the contractor including the date of their transfer

Not Applicable

The results of any cost-benefit analysis of the contract conducted by the agency

Not Applicable

The components and quantum of the public sector comparator if used

Not Applicable

If relevant, a summary of information used in the contractor's full base case financial model (for example, the pricing formula for tolls or usage charges)

Not Applicable

If relevant, particulars of how risk, during the construction and operational phases of a contract to undertake a specific project (such as construction, infrastructure or property development), is to be apportioned between the parties, quantified (where practicable) in net present-value terms and specifying the major assumptions involved

The lessee is contractually bound to indemnify the Lessor as per Clause 36 of the lease.

Clause 3.4 provides for a sunset date by which the lessee may rescind the lease at anytime if Development Consent is not issued prior to the relevant date.

Clause 5 provides that the lessee shall yield up upon the expiry or determination of the lease at the lessee’s expense.

Particulars as to any significant guarantees or undertakings between the parties, including any guarantees or undertakings with respect to loan agreements entered into or proposed to be entered into

Not Applicable

Particulars of any other key elements of the contract

The lease provides the lessee with an option to extend the lease for an additional 20 years.