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MEETING OF COUNCIL - Town of Cambridge

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<strong>COUNCIL</strong> MINUTES<br />

TUESDAY 27 NOVEMBER 2012<br />

FINANCIAL IMPLICATIONS:<br />

As outlined, the <strong>Town</strong> will start to see proceeds returned from the development from 2014,<br />

with $585k from 2014, $1.25 million in 2015, increasing to potentially $3.6 million per annum<br />

in 2020, based on increases in sales prices over that duration.<br />

STRATEGIC DIRECTION:<br />

Develop, renew, rationalise and consolidate capital assets to ensure their sustainability for<br />

future generations.<br />

COMMUNITY CONSULTATION:<br />

Consultation is being undertaken progressively by the Tamala Park Regional Council, and in<br />

accordance with statutory requirements.<br />

ATTACHMENTS:<br />

Nil<br />

<strong>COUNCIL</strong> DECISION:<br />

(COMMITTEE AND ADMINISTRATION RECOMMENDATION)<br />

Moved by Cr Langer, seconded by Cr Bradley<br />

That the report relating to items considered at the Ordinary Meeting <strong>of</strong> the Tamala<br />

Park Regional Council held on 11 October 2012 be received.<br />

Carried 8/0<br />

H:\CEO\GOV\<strong>COUNCIL</strong> MINUTES\12 MINUTES\NOVEMBER 2012\C CR.DOCX 194

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