07 December 2018
Fast facts following Council meeting 7/12/2018
- There are no major changes to the Bill from what was presented to the Council about a month ago.
- Leaseholders will pay the market value for the land, as determined by an independent valuer.
- We’re building a support package for leaseholders, including funding of $50,000 for independent financial/budgeting advice.
- We’re working with banks see whether they can offer any package deals for leaseholders.
- After almost 30 years of talks, this Bill is not perfect but it presents a real opportunity to unlock 770 Waitara properties valued at approximately $90 million.
- It’s a co-governance model to benefit the people of Waitara which will mean investment in community projects and enhancing rivers, for everyone to enjoy.
- We respect Otaraua’s decision to withdraw from the Bill but believe it is the best way forward, balancing a variety of competing interests.
Fast Facts, as at 1/11/2018
- We acknowledge the land was originally confiscated by the government and in 1941 it was transferred to the former Waitara Borough Council.
- The land became part of the newly formed New Plymouth District Council during the 1989 reorganisation of local government.
- Our financial and legal obligations to all of our 80,000 residents mean we cannot simply return the land to the hapū.
- After almost 30 years of talks, this draft Bill is not perfect but it’s the best way forward.
- If this draft Bill doesn’t proceed, it will be a lost opportunity for this generation, after decades of on and off negotiations.
- The Bill enables leaseholders to purchase freehold their leased properties at market value.
- There are 770 Waitara properties valued at $90 million.
- From the sale of these properties over the next 20 years, it is expected about $28 million over the same period will assist the two hapū to purchase, manage or develop land in Waitara.
- Approximately $28 million will go to Waitara projects, co-governed by the hapū and NPDC, also over a 20-year period.
- Approximately $34 million will be allocated to Waitara River and environment projects. This will be co-governed by the hapū and iwi with interests in the river and the Taranaki Regional Council.
Parks and Reserves
- About 120 hectares of land is available to hapū in various ways, mostly as reserves.
- The Bill gifts 44 hectares of land to the hapū: 13 hectares of developed residential land and 31 hectares of reserve land.
- The hapū will gain titles to parks and reserves totalling 13 hectares if they wish to take them.
- The hapū also have the option to purchase five Crown Reserves totalling 26 hectares (Pukekohe Park, parts of Ranfurly Park, James Nuku Reserve, Te Puna Park and Joll St Reserve). These will be co-governed with NPDC and have Reserve status, allowing for continued public access. They include West Quay, Kincade Park, Victoria Park, Tangaroa Reserve, Barclay Park, Pennington Park, East Quay, Memorial Park, Manukorihi Local Purpose Reserve, parts of Ranfurly Park, and Manukorihi Park.
- The Bill allows the hapū an option to purchase another 35 hectares of land in Waitara such as the Waitara Golf Course.