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
You also want an ePaper? Increase the reach of your titles
YUMPU automatically turns print PDFs into web optimized ePapers that Google loves.
PALMERSTON NORTH CITY COUNCIL<br />
Option One: Sell the land as shown on the map<br />
Costs: Subdivision and sale $116,000<br />
Impacts neighbours views.<br />
Less visible walkway<br />
Risk geotech and/or soil testing finds land unsuitable<br />
Benefits: Estimated value $340,000 for use on other parks or reserves.<br />
Minor saving in mowing costs<br />
Option Two: Sell a portion <strong>of</strong> the land<br />
<strong>Council</strong> could sell a part <strong>of</strong> the area shown rather than all <strong>of</strong> it. The costs and benefits would depend on the area proposed.<br />
Costs: Range from $30,00 to $100,000<br />
Impacts neighbours views.<br />
Less visible walkway<br />
Risk geotech and/or soil testing finds land unsuitable<br />
Benefits: Range from $85,000 to $255,000<br />
Option Three: Retain the land as is<br />
Costs: Opportunity cost for use <strong>of</strong> net proceeds $116,000<br />
Minor mowing costs not saved.<br />
Benefits: Retains neighbours views and existing open space amenity.<br />
DMS# 969036
Change language