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Collapse Issue 564:<br />6 Mar 2023<br />_____________Issue 564:
6 Mar 2023
Collapse  NEWS NEWS
Call for council to reconsider carpark sale
Brigade helps with low-hanging power line
Missed opportunity with Chemical Clean-Out
Dog owners urged to remain vigilant for baits
Teachers hope to establish alternative school
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Uniting Church continues despite shortage of ministers
Rotary club raises funds for youth program at theatre
The Bays community group elects committee
Giant chequebook opened
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Solar panels installed at Woy Woy courthouse
All ages attended Mardi Gras viewing party
Electoral Commissioner to conduct council elections
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Stallholders wanted for bacon and egg takeaway days
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February's rainfall was one third of the average
Council agrees to rezone Ettalong foreshore land
Planning proposal attracts 95 objections
Summary given of support for rezoning
Council decides to sell commuter carpark
Residents call to 'genuinely consult' on car park sale
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One more example of ratepayers being kept in the dark
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Collapse  ARTS ARTS
Tickets selling for Opera in the Arboretum
Opera singer flies from England to perform with his wife
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Landscapes exhibited at the Erina Centre Gallery
Troubadour to hold performers' night and house concert
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Guitarists to present journey through jazz rhythms
Five artworks selected for regional exhibition
Two new assistant principals at Ettalong
School gives behavioural advice to students and parents
After-school homework help offered at Umina library
Parents offered 'chats' with teachers
Colour run at Woy Woy South
Collection point changed as parents distract students
Bus company provides bus safety talk
Demonstrating the school motto
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Relieving deputy principal appointed
Money for outdoor area revamp
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Eagles win five of eight pennant games
Umina's four grades win pennant round
Male netball players wanted for State titles
Soccer club appoints WPL coaching team
Bridge club plays open teams championship
Charity bowls raises $1078
Event attracts 49 surfers and 128 volunteers
Grant for new cricket nets



Council decides to sell commuter carpark

Central Coast Council has decided to sell the Woy Woy commuter carpark and its interest in the adjacent shopper carpark at 52 Railway Rd to prospective new owners of the Deepwater Plaza Shopping Centre.

Transport for NSW will retain a lease over the 700-space commuter carpark until 2065.

Council's interest in the shopper carpark is an option to acquire 220 car parking spaces in 2032 for "a peppercorn fee".

The sale of the carpark would be at a price "not less than" the net value to Council.

This would be calculated on the land value, the book value of improvements, future depreciation and maintenance charges and the nominal income from the Transport for NSW lease at $1 a year to 2065.

Council staff reported: "The area of the land on which the car park sits is 6457 square metres and the most recent valuation of the land by the Valuer-General is $3.3 million."

No indication is given of how the option would be valued.

The council decided: "That extinguishment of the Option be conditional on the owner of Deepwater Plaza shopping centre entering into a simultaneous agreement to purchase the adjacent commuter carpark, if required to do so by Council, within 12 months of the date of extinguishment."

An "assessment of the value" was attached to the council staff report, and was kept confidential on the basis that "it includes information that would, if disclosed, confer a commercial advantage on a person with whom the council is conducting (or proposes to conduct) business".

The resolution stated that the option was "surplus to Council's requirements" and that "the transfer of ownership of the car park would retain commuter access".

The staff report about the proposed sale stated: "Council has no direct need for either of these car parks."

It stated: "Dexus is in the process of selling Deepwater Plaza shopping centre to Raptis Investments.

"Raptis has approached Council seeking to purchase both the Option over part of the shopper car park and the commuter car park, and is prepared to commit to retaining both the commuter and shopper car parks.

"Raptis has identified exercise of the Option Deed as a major risk to the future value of the shopping centre.

"The sale hinges on a satisfactory outcome in relation to the Option Deed.

"The offer provides a unique opportunity to retain or enhance both commuter and shopper parking in Woy Woy CBD, while simplifying management and ownership arrangements."

The report stated that the option in the council's favour arose with the original developer of the shopping centre in about 1982.

"The Option Deed was entered in to following a land swap and leaseback, which involved a number of Woy Woy CBD sites.

"There are about 220 car spaces in the balance of the shopper car park that are owned by the owner of the Deepwater Plaza shopping centre."

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