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 />
Option One: Sell the land<br />
Costs: Subdivision and sale $65,000<br />
Benefits:<br />
Loss <strong>of</strong> amenity for immediate neighbours.<br />
Sewer pipes in private land.<br />
Estimated value $200,000 with net proceeds split if<br />
Crown agrees, $67,500 to <strong>Council</strong>.<br />
Option Two: Retain the land<br />
Costs:<br />
Benefits:<br />
Opportunity cost <strong>of</strong> improved accessibility and quality<br />
<strong>of</strong> reserve.<br />
Retains sewer connections in public land.<br />
Amenity for the immediate neighbours <strong>of</strong> the existing<br />
reserve is retained.<br />
Proceeds would be used to develop a more<br />
accessible new reserve at the end <strong>of</strong> Wyndham<br />
Street.<br />
DMS# 969036
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