A full report into the future of a significant development at Kangaroo Bay will be released publically by Clarence City Council tomorrow as part of the council meeting agenda.
The report on the hotel and hospitality school development will be voted on at the next meeting of council on Monday 12 October.
The report will discuss three options:
- Execute the buy-back provision in accordance with the terms of the Agreement.
- Resolve to buy-back the land on commercial/market terms.
- Grant the requested extension of time, with conditions.
If an extension of time is granted under the Sale and Development Agreement it will relate to the already approved development permit for the site.
The report recommends that council notes the written request for an extension of time by Chambroad and authorises the General Manager to write to Chambroad to offer an extension of time – in accordance with the terms of the Sale and Development Agreement, subject to conditions set out in the recommendation.
It also suggests that council acknowledges as a consequence of the COVID-19 pandemic there has been many challenges and circumstances that have confronted Chambroad and the University of Tasmania.
“To prevent impacting the decision of council I will not be making any further comment on the development at Kangaroo Bay until the conclusion of the meeting,” Clarence City Council Mayor Alderman Doug Chipman said.
The full report will be posted within the meeting agenda on the council website tomorrow, Thursday 8 October, from 9am here or hard copies are available from Clarence City Council Chambers.
Ends