XN000022-1987-12-09 — Page 14

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WEDNESDAY, DECEMBER 9, 1987

LDC TO BE GIVEN FLEXIBILITY

IN CARRYING OUT REDEVELOPMENT SCHEMES * * * * *

THE REQUIREMENT FOR PUBLICATION OF

PROPOSED LAND DEVELOPMENT AS SEPARATE PLANS UNDER THE TOWN COMPREHENSIVE REDEVELOPMENT

CORPORATION DEVELOPMENT SCHEMES PLANNING ORDINANCE IS INTENDED FOR MAJOR SCHEMES INVOLVING CHANGES IN EXISTING ZONINGS ON STATUTORY TOWN PLANS.

SAID

THE SECRETARY FOR LANDS AND WORKS, THE HON GRAHAM BARNES,

(WEDNESDAY} WHILE WINDING UP. THIS IN THE LEGISLATIVE COUNCIL TODAY THE DEBATE ON THE LAND DEVELOPMENT CORPORATION BILL 1987.

HE ADDED THAT MOST SCHEMES UNDERTAKEN BY THE CORPORATION BE OF THIS TYPE.

THE

WOULD

TO

SMALL SCHEMES WHICH ACCORD "HOWEVER, LDC MAY ALSO UNDERTAKE

CASES, SUCH

THE REQUIREMENT WITH THE ZONINGS ON TOWN PLANS. IN

AS A SEPARATE PLAN UNDER PUBLISH THE SCHEME

TOWN PLANNING DISADVANTAGE AS ORDINANCE IS UNNECESSARY, AND WOULD PUT THE LDC AT A COMPARED WITH OTHER DEVELOPERS.

JOINT POTENTIAL

"THIS MIGHT WELL DETER THEREFORE SUPPORT THE PROPOSAL TO AMEND CLAUSE 17 BARNES SAID.

VENTURE PARTNERS. I OF THE BILL, MR

**

MR BARNES

REFERRING TO THE DESIGNATION OF URBAN RENEWAL AREAS, SAID: "THE ADMINISTRATION ACCEPTS THAT THERE MAY BE SOME SUBSTANCE IN THE CRITICISM OF THE LIKELY EFFECT OF THE DESIGNATION AND OF URAS."

THERE

PUBLICATION

A REMAINS

NEED ΤΟ

THE RESTRICT AREAS WHERE REDEVELOPMENT IS OF URA'S IS NOT

"IN ANY CASE, WHILE ACTIVITIES OF THE LDC TO THE SPECIFIC MOST NECESSARY, FORMAL DESIGNATION AND PUBLICATION NECESSARY TO ACHIEVE THIS AIM.

"THE PURPOSE CAN EQUALLY CLAUSE 5 OF THE BILL WHICH RESTRICT AREAS DESIGNATED EITHER GENERALLY BARNES SAID.

BE

THROUGH ACHIEVED THE ACTIVITIES OF THE OR IN ANY PARTICULAR

PROVISIONS

LDC CASE,

IN

ΤΟ

++

MR

LDC SCHEMES, MR BARNES SAID: "THE FLEXIBILITY OF OFFERING

AND

NEGOTIATING

INVOLVING

ARRANGEMENTS COMPENSATION TURNING TO REHOUSING AND

CORPORATION SHOULD BE GIVEN THE TENANTS AND

OPTIONS WITH

PROPERTY OWNERS.

**WHILE IT

MAY

WELL

BE

DESIRABLE AND

POSSIBLE

TO

REHOUSE MAY NOT PERSONS IN OR NEAR THE SAME LOCALITY OF THE DEVELOPMENT THIS

A MATTER FOR ALWAYS BE FEASIBLE. THE TERMS OF COMPENSATION ARE ALSO

THE NEGOTIATION BETWEEN THE CORPORATION AND OWNERS AND TENANTS, AS IS CASE WITH ANY PRIVATE DEVELOPER.

SEE

DURING NEGOTIATIONS "IN PRACTICE, THOUGH, I WOULD EXPECT THAT

BOTH, THE LDC WOULD OFFER ACCOMMODATION, OR CASH, OR A COMBINATION OF

THOUGH I WOULD NOT CIRCUMSTANCES.

THE DEPENDING ON THE

THERE IS CORPORATION OFFERING EQUITY PARTICIPATION IN THE SHORT TERM,

CIRCUMSTANCES ARE FAVOURABLE, NOTHING TO PREVENT IT DOING SO IF THE AND THE INITIATIVE AS TO WHAT IS OFFERED MUST REMAIN A MATTER FOR CORPORATION, MR BARNES SAID.

THE

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