Akaroa buys, and sells, land blocks

Press, 27 May 1978, Page 3

Akaroa buys, and sells, land blocks

The Akaroa County . Council yesterday' approved the sale of one of its endowment reserves for §121,400 and the purchase of the Greens Point property south-west of Akaroa township for $llB,OOO. Of the first deal, the County Chairman (Mr T. J. Brocherie) said: “The council has received the consent of the Minister pf Local Gov-1 ernment to sell the endow-: ment reserve, a 202.3 ha farm' property at Ashburton. It will be sold to the present! leasee, Kinlochewe Farm, Ltd.” Although no sale and pur-| chase agreement had yet| been signed, all financial ar-j rangements had been: com-! pleted, he said. Kinlochewe Farm had , two options for! payment: the payment of $90,000 at June 30 this year and the balance of $31,400!

-I to be paid on or before si March 31; or total payment t|at June 30 this year. 1 If the company elects the! 5 first option, the remaining! 1 $31,400 will be secured by! I mortgage at interest. Of the Greens Point deal.j tiCr Brocherie said: “The .! Akaroa Community Council i I is satisfied that this 14ha :l property is suitable for the I proposed uses which include J the re-siting of the town yard, ii thus releasing a site for the proposed new fire station, a : new household rubbish disposal area, amenity planting for environmental and j screening purposes, a pos- | sible motor camp if ever re!quired, future sewage plants extensions, a marina, and staff housing.” The property. being bought from Mr T. A. Robinson, will extend the town- ! ship’s boundaries.