BUILDING LINE BY-LAW

Dominion, Volume 27, Issue 252, 21 July 1934, Page 22

BUILDING LINE BY-LAW

Compensation For Land “During the year qndef' review the IVelllugton City Council again raised a Joau for street-widening purposes, to £24.000. Fortunately this does not portend another orgy of extravagance. The nibney was required to meet commitments for land taken under the building line by-law scheme,” states the annual report of the Wellington Ratepayers’ Association. to bo presented at the annual meeting on August 22. Under this by-luw. which was passed some years ago. proclamations were placed upon many properties on certain corners and streets marked out for widening ns time goes by. ami ns aud when the owners rebuild, they have to set their new building back to the prescribed line, the report says. "Tins means that as rebuilding takes place from time to time the city corporation has to find compensation for the land handed over to the city. Hence it is that during this financial year the City Council has had to pay over £24,000, the amount of the loan in question.” When this loan was advertised .the executive explained the position, pointing out that in addition to the present qUy indebteiiuess of nearly six millions, there was a heavy contingent liability hanging over the bends of ikivpayers due to the operation of the building line by-law. Next year tlie city may be called upon to pay very little: on the other hand it may be called upon to raise evpn £lOO,OOO. it depended upon what building went on in the affected streets. In view ,if these facts, it was incumbent upon tlie City Council to limit present borrowing to the utmost extent