Vellakovil City Development Plan - Municipal

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City Development Plan for Vellakoil Municipality SMEC India Pvt Ltd Final Report TNUDP III 7.4 MANAGEMENT OPTIONS FOR LAND ASSETS The foregoing account of the movable and immovable assets of the Municipality includes basically lands, parts of which are occupied by construction of structures for various uses. The structural elements in the form of buildings including OHTs, flow elements relating to essential services such as water supply, drainage, UGD, street lights and the like are designed with a design life time. The lands however as a base have no such limiting factor in terms of time. Thus the super structures and the constructed elements below the ground are depreciating in their values as they age. But the land assets both constructed and un-constructed keep appreciating in the standard and market values. In fact, the rate of appreciation of the lands is of great significance from the point of worthiness of the concerned local body and, it is invariably much faster in its appreciating value compared to the rate of depreciation of structures imposed on them. Also, the rate of depreciation standardized for various items of the structures is much more than the actual while taking into consideration the life time of such structures till the point of their condemnation. Generally, the assets of the local body, particularly the lands are rarely maintained and their values in the management of the resources of the local body are little considered. There must be a scientific approach town wise to evolve a dynamic model of the changing values of the assets both in terms of appreciation and depreciation from time to time, particularly when sizable developments take place. It is important to keep in view that as per the objectives of the devolution of functions and powers to the urban local bodies under the 74 th Constitutional Amendment Act, the value of the lands and properties are necessarily to be assessed depending on their location, land use and intensity of development over a time scale. In order to systemize the highly dynamic factor of values of the properties under local body, it is essential for an efficient management of the total assets owned by local body. The suggestions for the improvement of land asset management are listed below: 1. Implementation of Asset Management Plan 2. Establishment of GIS inventory mapping for Municipality owned lands. 3. Use of land assets for borrowing loans from capital market. 4. Identifying the most remunerative activity by public–private participation, BOT, BOOT initiatives. 5. Removal of encroachments on Municipal land parcels. 6. Explore possibilities of acquiring additional land parcels for future requirements 7.5 PROPOSED NEW ASSETS The assets creation by way of the projects proposed under CCCBP for implementation in the years to come are indicated with the capital investment values as in table below Table 7.3 New Assets for the year - 2010 to 2015 S.N Physical Infrastructure facilities Amount ( in lakhs) 1 Water Supply 1199.12 2 Sewerage System 3300.00 3 Storm Water Drains 300.00 55
City Development Plan for Vellakoil Municipality SMEC India Pvt Ltd Final Report TNUDP III 4 Solid Waste management 800.00 5 Roads 2043.00 7 Bus Shelter 10.00 8 Street Lights 182.00 9 Slum Improvement 709.00 10 Parks and Play Fields 20.00 11 Market 150.00 12 Public Convenience 35.00 13 Burial Ground 100.00 14 E-Governance 16.00 15 Urban Greenery 10.00 16 Other Projects 100.00 17 Updation of Database on GIS Platform 4000 18 Property Mapping 4.30 Total 9018.42 Source: Analysis and calculation All these assets are elements that drive the business plan and ensure the timely availability of resources to sustain the assets in an acceptable condition for better service delivery. In addition to increasing the revenue potential, it is equally important to manage the assets in terms of their maintenance and rehabilitation. This would ensure reducing costs, improving reliability, and ensuring sustainability. Hence it is imperative for the municipality to have a highly simplified approach with a long-term schedule of delivery of actions and a set of short-term measures. 56
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Submitted to CITY DEVELOPMENT PLAN
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Final Report City Development Plan
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Final Report City Development Plan
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Abbreviation and Acronyms ANM : Aux
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EXECUTIVE SUMMARY COUNCIL RESOLUTIO
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TABLES 2.1 Population and growth 4
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City Development Plan for Vellakoil
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City Development Plan for Vellakoil
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Vellakovil City Development Plan - Municipal

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