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Council Minutes - Town of Cambridge

Council Minutes - Town of Cambridge

Council Minutes - Town of Cambridge

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COUNCIL MINUTESTUESDAY 26 JUNE 2012COUNCIL DECISION:(COMMITTEE RECOMMENDATION)Moved by Cr Langer, seconded by Cr CarrThat:-(i)authority be delegated by an ABSOLUTE MAJORITY to the Chief Executive Officerto:-(a)progressively release the remaining single residential lots in Ocean Mia ‘CitySide’ (comprising <strong>of</strong> Lots 539 to 572), by either:-1. public auction; or2. private treaty;(b)(c)(d)consider submissions under Section 3.58(3)(b) <strong>of</strong> the Local Government Act1995;determine the reserve price for each <strong>of</strong> the single residential lots auctionedunder (i) (a) (1) above;administer the provisions <strong>of</strong> the sales contract including invoking clause15.1, if the Chief Executive Officer deems necessary, and proceed to dispose<strong>of</strong> the lot by auction or private treaty subject to the requirements <strong>of</strong> Section3.58 <strong>of</strong> the Local Government Act 1995;(ii)(iii)for the purpose <strong>of</strong> (i)(a)(2) above, the disposal is to be considered by <strong>Council</strong> if theproperty value exceeds two million ($2,000,000) dollars;the Chief Executive Officer obtain market valuations from two licensed propertyvaluers engaged for this project and set prices in accordance with thosevaluations, but not less than the lowest valuation;Carried by an ABSOLUTE MAJORITY 9/0H:\CEO\GOV\COUNCIL MINUTES\12 MINUTES\JUNE 2012\C CR.DOCX 185

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