Milldale Infrastructure LP

This product ruling concerns a funding arrangement that includes the advancement of an amount by Milldale Infrastructure LP (the Applicant) to the Developer for the Bulk Infrastructure required for a proposed housing development in Milldale (the Developer Loan); the satisfaction of the Developer’s obligation to repay part of the Developer Loan by registration of an encumbrance (the Final Encumbrance) over each subdivided section when title is issued; and the payment by future landowners of amounts (Infrastructure Payments) over the term of the Final Encumbrance.