12
WEDNESDAY, MAY 27, 1992
BOARD.
TOWN
AS I HAVE ALREADY MENTIONED, LDC PROJECTS ARE SUBJECT TO CLOSE SCRUTINY BY BOTH THE ADMINISTRATION AND THEN THE TOWN PLANNING THE STATUTORY PROCEDURES REQUIRE PROPOSED SCHEMES TO BE PUBLICISED. COMMENTS AND SUGGESTIONS BY DISTRICT BOARDS ARE REPORTED TO THE
ARE PLANNING BOARD WHEN OBJECTIONS TO THE LDC'S PROPOSED SCHEME PLANS
VIEWS OF CONSIDERED. ANY UNWITHDRAWN OBJECTIONS, TOGETHER WITH THE
FOR THE DISTRICT BOARDS, WILL BE PRESENTED TO THE GOVERNOR IN COUNCIL CONSIDERATION IN THE NORMAL WAY. THE LDC IS CURRENTLY PUTTING IN HAND THESE INCLUDE EIGHT COMMERCIAL AND RESIDENTIAL DEVELOPMENT SCHEMES. THE
THE JUBILEE STREET AND
STREET WING LOK STREET, SCHEMES.
THE LI CHIT
BE A LAST ACQUIRE OF FAIR CONSULTANTS.
I CAN ASSURE MEMBERS THAT RESUMPTION WILL ALWAYS RESORT IN IMPLEMENTING LDC SCHEMES. THE LDC MUST ATTEMPT TO PROPERTIES BY NEGOTIATION WITH THE OWNERS THROUGH THE OFFER
ASSESSED BY INDEPENDENT AND REASONABLE COMPENSATION OWNERS OF DOMESTIC PREMISES ARE OFFERED AN ADDITIONAL EX-GRATIA AMOUNT OF SIMILAR SUFFICIENT TO ENABLE THEM TO PURCHASE A REPLACEMENT FLAT
WITH SIZE IN THE LOCALITY. PROPERTY OWNERS WHO ARE NOT SATISFIED LDC'S OFFERS AND WHOSE INTERESTS ARE RESUMED HAVE THE RIGHT TO REFER THE VALUATION OF ASSESSMENTS MADE UPON RESUMPTION TO THE LAND TRIBUNAL FOR A DETERMINATION.
AS REGARDS REHOUSING FOR THOSE AFFECTED, THE LDC HAS A POLICY OF PROVIDING FLAT-FOR-FLAT EXCHANGES FOR OWNER-OCCUPIED DOMESTIC PREMISES. RENTAL REHOUSING IN PROPERTIES ALREADY OWNED BY THE LDC CAN CONCESSIONARY RENTALS. BE PROVIDED TO ELIGIBLE DOMESTIC TENANTS AT
NO ALTERNATIVE PRIORITY IS GIVEN TO LOWER INCOME EARNERS WHO HAVE ACCOMMODATION. WHERE CASH COMPENSATION IS OFFERED, THE AMOUNT USUALLY
UNDER THE LANDLORD AND STATUTORILY PAYABLE
ALSO TRIES TO (CONSOLIDATION} SINGLETONS AND DOUBLETONS, PARTICULARLY THE ELDERLY. ELIGIBLE DOMESTIC OWNERS AND TENANTS ARE GIVEN AN OPTION TO NEW FLATS FROM THE LDC AT A CONCESSIONARY PRICE.
EXCEEDS
THAT
ORDINANCE.
THE LDC
TENANT ACCOMMODATE
FINALLY, ALL PURCHASE
IS
WITH THE FIRST BATCH OF LDC PROJECTS NOW WELL UNDER WAY, IT AN OPPORTUNE TIME TO TAKE STOCK IN THE LIGHT OF CURRENT CIRCUMSTANCES AND EXPECTATIONS. MEMBERS HAVE REFERRED TO THE NEED TO ALLOW OWNERS'
THIS WAS NOT POSSIBLE PARTICIPATION IN REDEVELOPMENT, FOR EXAMPLE.
ARRANGEMENTS FOR THE LDC'S INITIAL PROJECTS BECAUSE OF THE FINANCING ENTERED INTO WITH JOINT VENTURE PARTNERS WHICH WERE AIMED AT MAKING IT
THE FROM
OUTSET. FINANCIALLY
ORGANISATION SELF-SUFFICIENT
LITTLE OR NOTHING. OTHERWISE, IT WOULD HAVE BEEN ABLE TO ACHIEVE
WILL BE RE-EXAMINED
TO FUTURE HOWEVER,
POSITION
RELATION ISSUES SUCH AS WHETHER OWNERS PROJECTS.
PREPARED TO FOREGO
COMPENSATION, BEAR
REHOUSING
A
THE
IN ARE
DEVELOPMENT RISKS, PROVIDE
FOR THEIR
TENANTS, AND HELP FUND PROJECTS, INCLUDING THE COST OF COMMUNITY FACILITIES, WILL NEED TO BE CAREFULLY CONSIDERED. THERE MAY ALSO BE A NEED TO STREAMLINE COMPENSATION PROCEDURES SO THAT ASSESSED AND MADE MORE PROMPTLY, PARTICULARLY IN PROPERTY MARKET.
A
OFFERS CAN BE QUICKLY MOVING
/MR DEPUTY