XCC(87)61
Page
4
in
with the terms of the Building Covenant
Building Covenant before it expires October 1987, then the lot may be
then the lot may be reentered and subsequently disposed of for a hospital. Some interest has been expressed from time to time in building a private hospital on this site, and the Medical and Health Department has
has been approached on various occasions. This option is therefore recommended.
Financial implications
14
The estimated retender price for STTL 168 is expected to be no less than $20 million.
Public reaction
15
Unfavourable public reaction could be expected if the application for a modification were approved.
Publicity'
16
No publicity is considered necessary.
Advice sought
17
Members will be asked to advise whether UMC's application to modify the Conditions of Sale of
Sale of STTL
STTL 168 to permit residential development should be approved or rejected.
(The Secretary for Monetary Affairs Mr D.A.C. NENDICK, the Deputy Secretary for Lands and Works Mr A.P. ASPREY, and the Principal Government Land Agent, Mr D.M. SCOTT-WILL, will attend before Council for discussion of this item.)
30 March 1987
COUNCIL CHAMNER
(L/M to LW 68/87/02(TC_37/86))
No comments yet.
Private notes are available after approval.