SALE OF CITY LANDS

Dominion, Volume 18, Issue 271, 21 August 1925, Page 12

SALE OF CITY LANDS

BY PUBLIC AUCTION RECOMMENDATION OF HOUSING COMMITTEE As the idea of getting a large sum of money for housing at a reasonable rate seemed remote, it was proposed by Councillor G. A. Troup (chairman of the Housing Committee) that certain lands held by the City Council might be made available to the public at reasonable prices to induce people to build privately, the money so procured to be expended in connection with housing. Following up this proposal the Housing Committee proposed last evening that certain sections should be sold by auction at upset prices: “That the following sections owned by the council be submitted to public auction at the upset prices fixed by the city valuer Stokes Street sections: Lots 1,2, 3,4, £lO per foot; lot 5, £l2 per foot; lots 6 and 7, £ll per foot. Northland block. —The following sections to be put up for public auction at the following upset prices: Lot 2, Norfolk road, 41ft. 6in. x. 116 ft. 3in„ £228 55.; 34, Creswick Terrace, 45ft. x 109 ft., £231; 35, Creswick Terrace, 45ft. x 109 ft., £2lO 135.; 33, Creswick Terrace, 45ft. x 109 ft., £173 55.; 32, Creswick Terrace, 45ft. x. 109 ft., £198; 36, Creswick Terrace, 45ft. x 94ft., £173 55.; 37, Creswick Terrace, 45ft. x 94ft., £173 55.; 38, Creswick Terrace, 45ft. x 94ft., £173 55.; 39, Creswick Terrace, 45ft. x 94ft., £173 55.; 40, Creswick Terrace, 78ft. 9in. x 90ft., £136 19s. The following sections to be sold at upset prices to be fixed by the Government valuer:— Ixit 23, Creswick Terrace, 80ft. x 132 ft. 6in.; Lot 30, Creswick Terrace, 60ft. 9in. x 123 ft.; Lot 45, Wilton Road, 53ft. x 133 ft.; Lot 46, AXtilton Road, 60ft. x 134 ft.; Lot 47. WiF>t Road, 60ft. x 134 ft.; part lot 48, A\ 7 ilton Road, Connor Block.—Lot 1 with house, upset price. £800; lots 2,3, 4,5, upset price £2OO each. Standen Street.—Lots 7, 14 to 24 inclusive, 30 to 34 inclusive, 46 to 49 inclusive, 52, upset prices to be fixed by Government valuer. Councillor McKeen was opposed to the disposal of sections within the city boundaries, in view’ of the council’s housing scheme. He did not see whv any sections should be sold at present. “What fund will the money go into?” asked Councillor Monteith. Councillor Troup said that at the last meeting it was recommended that the money derived from' such sales should be used, where possible, for building. The Mayor said that the money would have to go to various funds,, depending on the circumstances attached to their purchase. The recommendation was adopted. Councillor Troup asked 'what steps, if any, the Finance Committee had taken to procure the £50,000 for the housing scheme. The Mayor replied that he had taken steps to find out the state of the money market locally, but he had not yet been advised as to the position. He could not say anything further on the matter at present, except that the rates of interest for the money available were not as favourable as they wopld like.