FAQ

At its Ordinary Council Meeting in October, Council voted to sell vacant land which it owns at 12 Lathlain Place,Lathlain. The land is next to the new Keith Hayes Community Centre, on the corner of Howick St and Lathlain Place.

The proposed land sale is part of the Land Asset Optimisation Strategy.

The Land Asset Optimisation Strategy (LAOS) is a priority for the Town of Victoria Park and is a project to explore the ways to best manage the land the Town owns, to generate as much income as possible.

The strategy looks at options for revenue diversification through sale of land, redevelopment and regeneration of land assets.

LAOS will deliver additional sources of revenue for the Town. In the long term, these other streams of revenue will reduce the Town’s reliance on rates.

Yes, a full Business Case was prepared and discussed with Council. The Business Case investigated a variety of uses for the land and selling was the ultimate recommendation from the Business Case.

No, the Business Case is commercial in confidence due to the investigations that were undertaken, and the inclusion of other party’s private commercial information. To make the Business Case public could risk financial outcomes.

Yes. It is a legislative requirement for any private treaty sale of land owned by the Town to undertake a public notice submission period. All feedback received will be  presented to Council, who will make the ultimate decision to accept or decline the offer and finalise the sale.