STREET WIDENING.

Dominion, Volume 2, Issue 541, 23 June 1909, Page 6

STREET WIDENING.

the;heath estate negotiations.v-; '-The negotiations in '■ connection' with' thi •',. jioath : :Estato proposal w«e ; : before th.e'FJ.', ,: haaco Committee of tho City Conndl/yeatoN' day morning,-'but:tho.consideration was for*: , tKer adjourned until Friday,..when'. moroin-' ' formation; will bo available.- Tho following■' is a copy of' the offer .made , to the oouncfl ;--. by tho agent who Is acting on; behalf;of the owners ;of tho.property:— '■'■■: ;■•' \ : --;. r } : ," . ; ; ; ; ;l':o'' Wellington, , .-May ; 31,' 1908.^;-i:\To"i-thfl jChairinan , and Finance! Committee, .Wellington. City Coulicil, ro \Villia: Street .\vid«M!i& 0t0,,*-l hereby bog'tq'eub- ■' mit to ;your.consideration 'a'schpnio which.', would enablo you to' widen portion •of Willis ' Street,' .portion ._of- Manners Stroct.Vand .itb; continue-Victoria Street, a width -of' 66 ' : ft.' : ' through to Vj Manners Street at.B:oqst-toithe; city of'almost nil.;•;..My proppsal isifor ; the'. council to purcnaae the land at the, pricey stated, viz., £147,106,,.which can ajl be' paid: for in City Debentures;/payable; twenty yours, end bearing 4J' nor cont.jh'torflßti'.lf tho council would purchase,on theso; terms .■ and then re6ubdivide tho land; the : rental ■ which-/ tho': land, would -then. return, would puyall tho intorost, on tho.total pur-;, cliaso inonoyl To point out the great saving; the aboyo scli6mo would entail, 1 -would' state.: that,'.to talip a ten feet:atrip pif the:portion of tho.land faeiug AVilljs Street alonp would ineaii' f an expenditure tit: at; least £16,000, which''iyould bo a dead'loss to.tho city, snd; if this amount were: added to;the valuo of■tlio.land '-which , 'it-would '.bo necessary to. tako: to continuo'Victoria Strcpt, viz.,,£27looo,atwould- mako a total: dead lpss.of £43,000. : Mr; W. Smart lib's authorised mb to offer hii. land to tho council on condition that ho be granted-^:lcaeo of liis'laiid.-.at a.rental of:S:' per cent. , por>nuuin on tli6'purehaso:prico.: With referenooto Scotioiia 6, Yj 8, and 9, which include tho Duke ofof course your council already:haying given,noticp to take part of same, their elainv has•:■ bocii prepared to.bo' placed beforo the ArbiCourt, but I _hav« reason, to bolieve_' that should , : you. dcoido to: take tho whole block tho matter can bo arranged. ■ Oho of the advantages of tho. pr<sont offer is ! that the council will riot have to ; flnd, any money to purchase, all the■' the owuers : boing-'.wilU,; ing to accept dobonturoa 20 years cent! , iu , paymoiit for: their! land, whereas,, iftho council tako. the 10ft. • strip only, they would iiBTO to And '.the cas]i to pay for I taken.; ;; '■'■■ ■"■.}_.. >',: C .V. ■..(/' v : .;>.". l^;: v-: , ;i;