OCM 27 APR 2021 · ITEM 14.4 · NO RESOLUTION NUMBER

Introduction of Council Policy 2.7 Property Performance, Investment and Disposal

Carried 9–0

Amendment to draft Policy 2.7 so unsolicited offers for City property go to Council when within 90% of market value, replacing the test of exceeding market value by 20%.

What it changed. In point 9.1 of draft Policy 2.7, replaces 'unless the offer exceeds the Market Value of the Property by 20%' with 'unless the offer is within 90% of the Market Value of the Property'.

Reasons given in the minutes. To lower the threshold for which unsolicited bids are considered by Council.

The minutes do not record a mover or seconder.

Yes

Liam Gobbert
Viktor Ko
Catherine Lezer
Basil Zempilas
Clyde Bevan
Di Bain
Brent Fleeton
Rebecca Gordon
Sandy Anghie

No

Commitments this vote tests

Keep council assets in public handsIn line: a No vote

Other votes on this item

Amendments count where they test a commitment. Procedural votes, such as deferring an item, are never counted.

Proposed to refer the draft Policy 2.7 Property Performance, Investment and Disposal back to the Policy Committee.Lost
Amendment to draft Policy 2.7 replacing 'there is to be no rent' with 'rent shall be at a peppercorn rate' in point 5A(iii).Carried
Adopts Policy 2.7 Property Performance, Investment and Disposal, amended so unsolicited offers within 90% of market value go to Council and community leases carry peppercorn rent. Revokes Policy 9.10 Management of Leases.Carried

Check it yourself

Minutes of 27 Apr 2021, page 91 (City of Perth, PDF)