Legislative Assembly for the ACT: 2016 Week 06 Hansard (Tuesday, 7 June 2016) . . Page.. 1759 ..
Land—block 24, city
MR DOSZPOT: My question is to the Minister for Economic Development. Minister, regarding block 24, section 65 in the city, was the property valuation based on apartments being constructed on the block, despite Minister Corbell’s assurance several years ago that apartments would not be allowed on the site?
MR BARR: I understand that Colliers’ market valuation of the site represented the existing value of the site, plus a percentage of the development rights resulting from a lease variation and payment of the lease variation charge.
MADAM SPEAKER: Supplementary question, Mr Doszpot.
MADAM SPEAKER: Order! I would like to hear Mr Doszpot. His voice does not carry often.
MR DOSZPOT: Minister, was the lease requirement to spend $1 million on the block fulfilled by the former owner?
MR BARR: I will take that question on notice.
MADAM SPEAKER: A supplementary question, Mr Coe.
MR COE: Chief Minister, was the requirement to expend $1 million on landscaping at the site factored into the valuation which was agreed upon by the government?
MR BARR: I will need to take that question on notice.
MADAM SPEAKER: Supplementary question, Mr Coe.
MR COE: Chief Minister, at what meeting of the LDA board was this issue raised and given approval for the acquisition of the block?
MR BARR: I am advised that the LDA provides financial delegations for the chief executive officer to purchase within the extent of the LDA’s overall budget, with purchases over $10 million requiring prior LDA board approval. I understand that the various elements of the city to the lake project were discussed numerous times at LDA board meetings and I will provide the Assembly with the dates of those discussions.
I ask that all further questions be placed on the notice paper.
Answers to questions on notice
Question No 731
MRS JONES: I seek an explanation for overdue unanswered questions on the notice paper. No 731 is to the Minister for Economic Development.