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statement of proposal property review - Palmerston North City Council

statement of proposal property review - Palmerston North City Council

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PALMERSTON NORTH CITY COUNCIL<br />

8. Hardie Street Park – part <strong>of</strong><br />

Situated on the corner <strong>of</strong> Hardie Street and Fitzherbert Avenue is<br />

Hardie Street Park. <strong>Council</strong> is not aware <strong>of</strong> any community use <strong>of</strong> the<br />

Park.<br />

There are extensive reserves in the area, with the Centennial Drive<br />

Reserves and Manawatu River environments<br />

The reserve adds some amenity value to the entrance to the city,<br />

although this entrance has abundant reserves and the physical<br />

environment <strong>of</strong> the Victoria Esplanade, Fitzherbert Park and the<br />

Manawatu River provide the major backdrop.<br />

Reserve under the Reserves Act?<br />

Yes<br />

Net proceeds would be used to acquire or develop other<br />

reserves.<br />

May be derived from the Crown 1 .<br />

Proposed<br />

sale<br />

Option One: Sell all <strong>of</strong> the land shown on the map<br />

Costs: Subdivision and sale $20,000<br />

Loss <strong>of</strong> some <strong>City</strong> entrance and neighbours amenity.<br />

Benefits: Estimated <strong>Council</strong> value if Crown derived $200,000<br />

Estimated value if not Crown derived to $400,000<br />

Mowing, garden maintenance and seat renewal<br />

savings.<br />

1 Unable to decipher a prior reference to title 14/9 to date.<br />

DMS# 969036

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