Tag Archives: Land Values

Horowhenua council takes millions less than the market value for pensioner housing

“Regardless of how much it sold for, the purpose of the sale was not to make a profit, but to make sure a “sustainable” service was put in place for the council’s existing tennants, Clapperton said. “ ….. yeah right! And that nice word again that all Agenda 2030 ICLEI councils bandy around… “sustainable”… like HDC’s sustainable environmental practices (spraying/discharging sewage over everywhere & into the waterways with impunity).. and “Compassion Horowhenua” (that is really the front company for WILLIS & BOND THE PROPERTY DEVELOPER) is going to build more housing for pensioners (only for 12 years mind)… words escape me. How dumb they must think we all are. Or is it because if you tell porkies long enough everyone will believe you?
EnvirowatchRangitikei

from Stuff.co.nz

The Horowhenua District Council was looking to reap a market-value sale price on its pensioner housing, but sold it for millions less.

A document obtained by Stuff reveals the rateable value of the council’s 115 pensioner housing units is $9.2 million.

But, it sold to Compassion Horowhenua for $5.5 million, Stuff confirmed in June.

The document – a proposal about what the council calls a “community housing transfer” – says the council aimed to “receive a fair market value on sale”.

READ MORE:
* Horowhenua Council confirms contentious pensioner housing sale largely a done deal
* Horowhenua council-owned pensioner housing sells for $5.5 million
* Horowhenua community housing transfer discussed behind closed doors
* Horowhenua pensioners worried new housing providers will hike rent

The council would not confirm how much the housing sold for, but conceded the sale price was less than $7.19 million, the units’ book value.

Council chief executive David Clapperton said the Compassion Housing bid provided the best value for money offer and met its aspirations for ongoing management of the units.

Rateable values are set every three years by Quotable Value.

The book value, made by independent valuers, took into consideration the average age of the portfolio and that 50-60 per cent of the stock would have to be replaced over the next 20-25, years at an estimated cost of $4.3 million, Clapperton said.

Until the sale was complete, possibly by September 30, information about the deal would remain confidential, he said.

https://www.stuff.co.nz/manawatu-standard/news/94637899/horowhenua-council-takes-millions-less-than-it-wanted-for-pensioner-housing

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From the Chronicle … Softening the blow … More tree planting for Bonny Glen

Midwest Disposals has added further planting to its plans for the proposed Bonny Glen landfill expansion.

The minor changes are in response to concerns highlighted by commissioners considering the company’s resource consent application.

Midwest has applied for resource consents with Horizons Regional Council and Rangitikei District Council to extend the life and size of the landfill near Marton. More trees will be planted along the edge of the site to mitigate the effects the landfill will have on the landscape and views…. read article HERE

From the Wanganui Chronicle: Smelly and ugly – but necessary (the Landfill)

Smelly and ugly – but necessary

LEACHATE poisoning the Tutaenui Stream, rampant vermin, toxicity, litter, bad smells, increased truck traffic … the crime sheet against the Bonny Glen landfill near Marton is long and ugly.

That is the way it usually is for those lords of the underworld – rubbish dumps.

The application by the waste facility’s owners, Midwest Disposals, to significantly expand the site has naturally prompted fierce opposition from those who live sufficiently close to suffer from its operation.

That opposition has been well-voiced at the consent hearing in Feilding which wrapped up last month – though some concerning aspects around Bonny Glen’s business, extra traffic and leaching among them, were unfortunately ruled beyond the scope of the three commissioners who will issue their decision in May…. read article HERE