NOTICE OF INTENTION TO SELL LAND AND GRANT AN OPTION TO SELL LAND
Wodonga City Council (Council) gives notice under Section 189 of the Local Government Act 1989 (Act) that it intends to sell two parcels of land and grant three options to sell other land, and sell that land, as described below (Proposal).
Sale of Lot 6 on the Plan (Lot 6)
The Proposal is that Lot 6 be sold by private treaty to Jessica Wild (Purchaser). The contract of sale for Lot 6 (Lot 6 Contract) will provide as follows.
- A purchase price of not less than market value determined by a valuation obtained by Council.
- Payment of a deposit equal to 10% of the price.
- Settlement will be due on the later of:
- 30 days after the day of sale;
- 14 days after Council gives to the Purchaser written notice of registration of plan of subdivision no. PS823624V (Subdivision Plan); and,
- 14 days after the Purchaser obtains a planning permit to use and develop the land in the Plan for agricultural silage and manufacturing, within 6 months after the day of sale (Planning Approval).
- The sale will be conditional on:
- Council procuring registration of the Subdivision Plan; and,
- The Purchaser procuring the Planning Approval.
- The Purchaser will be granted a right of first refusal to purchase Lot 1 on the Plan (Lot 1), for a period of 5 years from the day of sale of the Lot 6 Contract (provided that the Purchaser has settled the purchase of Lots 2 to 6 (inclusive) on the Plan), for a price which is not less than the market value of Lot 1 on the date that the right of first refusal is exercised.
Sale of Lot 5 on the Plan (Lot 5)
The Proposal is that Lot 5 be sold by private treaty to the Purchaser. The contract of sale for Lot 5 (Lot 5 Contract) will provide as follows.
- A purchase price of not less than market value determined by a valuation obtained by Council.
- Payment of a deposit equal to 10% of the price.
- Settlement will be due on the later of:
- 24 months after the day of sale;
- 14 days after Council gives to the Purchaser written notice that the Subdivision Plan has been registered; and,
- 14 days after the Purchaser obtains the Planning Approval.
- The sale will be conditional on:
- Council procuring registration of the Subdivision Plan; and,
- The Purchaser procuring the Planning Approval.
Option to sell Lot 4 on the Plan (Lot 4)
The Proposal is that Council grant an option to sell Lot 4 to the Purchaser (Lot 4 Option) on the following terms.
- The Lot 4 Option will be exercisable for a period of one year after the date of settlement of the Lot 5 Contract.
- A purchase price of not less than market value determined by a valuation obtained by Council.
3. Payment of a deposit of 10% of the price on exchange of the contract of sale for Lot 4 (Lot 4 Contract).
4. Settlement is 30 days after exchange of the Lot 4 Contract.
Option to sell Lot 3 on the Plan (Lot 3)
The Proposal is that Council grant an option to sell Lot 3 to the Purchaser (Lot 3 Option) on the following terms.
- The Lot 3 Option will be exercisable only if the Lot 4 Option is exercised by the Purchaser. It will then be exercisable for a period of one year after the date of settlement of the Lot 4 Contract.
- A purchase price of not less than market value determined by a valuation obtained by Council.
- Payment of a deposit of 10% of the price on exchange of the Lot 3 Contract.
- Settlement is 30 days after exchange of the Lot 3 Contract.
Option to sell Lot 2 on the Plan (Lot 2)
The Proposal is that the Council grant an option to sell Lot 2 to the Purchaser on the same terms as the Lot 3 Option (varied to relate to Lot 2) (Lot 2 Option), provided that the Lot 2 Option will only be exercisable if the Lot 3 Option is exercised by the Purchaser.
A person may make a submission on the Proposal. Any person proposing to make a submission under section 223 of the Act must do so by 5pm on Wednesday, January 16, 2019.
All submissions will be considered in accordance with section 223 of the Act.
Submissions should be addressed to the Chief Executive Officer, and can be hand delivered to Council’s Office at 194B High St, Wodonga or posted to the following address:
Chief Executive Officer
Wodonga City Council
PO Box 923
WODONGA VIC 3689
Any person requesting to be heard in support of his or her submission is entitled to be heard before Council (or a Committee established by Council for this purpose) or be represented by a person acting on his or her behalf, and will be notified of the time and date of the hearing.
Patience Harrington
Chief Executive Officer
Wodonga City Council