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Next Stage Asset Sales Program now on Public Exhibition

By Central Coast Council
Archived 4 Jul 2021 - Posted: 6 May 2021
Aerial image of region. Source: Central Coast Council
Council is seeking community feedback about the next stage (Tranche 3) of the asset sales program that is part of its financial recovery plan.

Council's financial recovery plan required a review of Council's property assets which could be disposed of to assist with the financial situation. Properties that have been identified in this next stage for sale have been grouped into three categories due to the different legislative and disposal processes involved.

These groupings are:

  1. Operational classified and appropriately zoned land
  2. Operational classified land which requires rezoning
  3. Land parcels where Council is seeking reclassification from community to operational land, and requiring Council to prepare a planning proposal to rezone the land prior to sale

Residents can provide feedback, view the location and a description of the land parcels by visiting yourvoiceourcoast.com.

Council Administrator, Mr Dick Persson AM encouraged residents to have their say now as their feedback will assist the new Administrator to understand all viewpoints prior to making a final decision on any property sales.

"There is still a need for Council to raise funds through the sale of surplus or 'lazy' assets to pay down debt and keep moving forward with financial recovery," Mr Persson said.

"I can assure residents that all due diligence is being undertaken in this process. This includes assessment against the Community Strategic Plan, consultation with the independent Property Advisory Committee and always independent market valuation assessment."

The public exhibition closes 5pm on 21 May 2021.

A further report about the proposed property sales will return to the Council before the end of June this year.

Go to here for more information.

This article archived 4 Jul 2021

 
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