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24 May 2021 Posted by 

COUNCIL CLARIFIES SITUATION AROUND ASSET SALES

CENTRAL Coast Council is reminding the community to have their say on the next stage of the asset sales program (Tranche 3), which closes for consultation 5pm Friday, May 28.
 
The consultation forms part of Council’s business recovery plan, which along with the rate increase, required a review of property assets that could be sold to assist with the current financial situation.
 
Council Administrator Rik Hart said to date there has been more than 800 responses from the community, along with spreading of misinformation.
 
“There has been a lot of concerns raised from the community based on hearsay, which are completely inaccurate and creating unnecessary distress,” Mr Hart said.
 
“It must be stressed that Council is only considering selling one percent of its property portfolio, and of what is listed for potential sale there are only 13 open space areas listed to be rezoned before sale, which are all in close proximity to other open space areas.
 
“I implore the community to get the facts and take the time to read the frequently asked questions and the interactive map, which provides specific details for individual parcels, such conditions of sale to allow for continued public parking.
 
“It is also important to note that only parcels classified as operational land and zoned for the correct purpose of sale, will initially go back to Council for endorsement to sell – these can be identified as the blue pins on the online interactive map.
 
“Other properties that need to be rezoned or reclassified prior to sale require an in-depth, lengthy process that can take up to 18 months and includes further chances for the community to have their say.
 
“I want to emphasise the significant liquidity issue that Council is facing, which needs to be resolved as quickly as possible in order for community infrastructure to be maintained and community services to continue.
 
“The sale of assets, along with the 15 percent rate rise, are crucial components of our business recovery plan, which was adopted by the last sitting Council, and will allow us to deliver much needed capital to improve Council’s financial position and provide assurance to our lenders.
 
“This urgent need for income may override historic strategic direction, with potential for the community better realised by the private sector.
 
“Any parcels sold will not only provide economic return from the sale of land, but also provide opportunity to raise income from future rates as well as realise savings from maintenance costs and loss of depreciation of assets.
 
“Properties are either being sold through a competitive sales and marketing campaign to ensure the best sale price or in the case of direct sales with a proposed buyer that properties are sold at no less than the market value determined by an independent valuer.
 
 “I encourage the community to inform themselves and if you are still concerned or any land that is earmarked for potential sale or have ideas about how the land could be better utilised make sure to have your say.”
 
 Community members are invited to check the facts and submit feedback via www.yourvoiceourcoast.com/asp
 
 
 


editor

Michael Walls
Publisher
P: 0407 783 413
E: Michael@accessnews.com.au

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Central Coast Business Access (CCBA) covers the business and community issues of the NSW Central Coast region. CCBA is a prime media source for connecting with the pulse of the region and tapping into it's vast opportunities.