statement of proposal property review - Palmerston North City Council
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 />
13. Amberley Avenue Reserve – western side<br />
The land was derived from the Crown.<br />
This reserve is zoned Conservation and Amenity but has no plans for<br />
development. There was an approach to put a Cadets building on it<br />
several years ago but the land is not suitably zoned and nothing came<br />
<strong>of</strong> it.<br />
There is other open space and walkways in the area and to the best<br />
<strong>of</strong> <strong>Council</strong> knowledge this reserve is poorly, if at all, used.<br />
Reserve under the Reserves Act?<br />
<br />
Yes<br />
Funds must be used for the acquisition or development <strong>of</strong> other<br />
reserves.<br />
Proposed<br />
sale<br />
Option One: Sell the land<br />
Costs: Subdivision and sale $20,000<br />
DMS# 969036<br />
Loss <strong>of</strong> some amenity value to the Mangaone<br />
walkway on the other side <strong>of</strong> the stream.<br />
Loss <strong>of</strong> some street and neighbours amenity.<br />
Benefits: Estimated value $140,000<br />
Net proceeds split between the<br />
Crown and <strong>Council</strong>,<br />
Some small saving on mowing<br />
$60,000 each<br />
Option Two: Retain the land<br />
Costs: Opportunity cost for use <strong>of</strong> net proceeds $60,000<br />
Minor mowing costs not saved.<br />
Benefits: Retains neighbours,street and walkway amenity.
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