Pat Spicer

29:40 Mayor Wilkie: The next application for two questions is from Mrs Pat Spicer. Rob and Pat. Thank you. Answers to your questions will be provided by Kim Rawlings, Director of Strategy and Environment, who is online. Thank you. Our CEO, Larry Sengstock.

30:01 Pat Spicer: My name's Pat Spicer. Through the Chair. Background information. In the March update to the Noosa Housing Strategy, Coaster Bay has State Government funding to purchase the proposed Lot 1 at 62 Lake MacDonald Drive and construct 25 social housing dwellings. In the Resolution on the 16th of May, 2024, Coaster Bay will be able to purchase the proposed Lot 1 to Coaster Bay, subject to purchase price being market value outlined in the report. The Coaster Bay CEO said he was looking at a parcel of land in Cooroy that already had a DA approval that went above the threshold for Government funding for purchase of the land. But 62 Lake MacDonald Drive came in under the threshold for purchase of land. Which suggests the valuation was under market value. The Local Government Regulation 2012, Regulation 236.3, a local government may only dispose of land or an interest in land under this section if the consideration for the disposal would be equal to or more than the market value of the land or interest in the land including the market value of any improvements on the land.

31:29 Coaster Bay has a commercial and confidence sale contract with Noosa Council, which is not a standard contract as it has special clauses that relate to the Capital Funding Agreement with the State Government. The sale will not be completed until remediation and other matters are concluded. So my question. As the independent valuation of Lot 1, does that mean that the sale will not be completed at 62 Lake MacDonald Drive, Cooroy, was carried out before remediation, subdivision and infrastructure works? Is the price quoted and agreed upon with Coaster Bay the estimated undeveloped value or the estimated developed value, taking into consideration the remediation and infrastructure provisions occurring before the actual sale?

32:28 Speaker 7: Thank you for the question and I'll answer this on behalf of Kim Rawlings, our Director. Yes, the independent valuation of proposed Lot 1 was undertaken on the community facilities zoning of the land, assuming multiple dwellings as a permitted use under the planning scheme and including all remediation and civil works were completed, resulting in a fully serviced allotment. The proposed sale of Lot 1 to Coaster Bay is fully compliant with Section 236 of the Local Government Regulation 2012.

33:02 Pat Spicer: Question 2. Background information. Council's resolution financial incentives to include them. The Council's next review clarifying the general rate donation policy of not-for-profit organisations providing crisis or risk to the local government. For emergency transition housing or affordable rental premises are eligible to apply for up to 100% donation on general rates on such accommodation. The Local Government Regulation 2012, Regulation 236, a local government may dispose of valuable non-current asset other than by tender or option if the land will not be rebatable land after the disposal. My question. Prior to the resolution incentivising building of social housing, Thursday 15 May 2025 Council Ordinary Meeting, was Coaster Bay, a community housing provider, exempt from paying rates on housing at 64 Lake MacDonald Drive, Cooroy, under Local Government Regulation 2012, Regulation 236?

34:19 Question 3.

34:22 Speaker 7: Thanks again Pat. I'll read this response from our Director, Kim Rawlings. It seems this question is referencing two different issues. Section 236 of the Local Government Regulation addresses the disposal of Council-owned assets. 1b2-2 allows a Local Government to dispose of an asset other than by tender or auction, if to a community organisation which Coast to Bay is. As addressed in the Council meeting of May this year, a not-for-profit community housing provider such as Coast to Bay may apply for a donation up to the value of 100% of the general rates for affordable rental premises of a property they are responsible for, which is being used for that purpose. If the donation is granted, they would still need to pay any applicable levies and other charges itemised on rate notices. 62 Lake McDonald Drive is a rateable property. And if it were disposed of, the rates would be payable by the new owner up to a time it was used for qualifying affordable rental premises. Thank you. Thank you Pat.