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2017-10-13 Special Meeting

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SPECIAL MEETING AGENDA   13 OCTOBER 2017




                            Page 42 of 48

Description of Risk and impact on project ‘Main Consequence}                                                                                                                     Risk movement                                                      Expected timeline
                                             ‘Category                                                                                                                              (movement in                                                       for future
                                                                                                                                                                                     sk rating from                                                     |treatment/ or next

7 |Internal Resources Required to manage     Financial       itis anticipated that unplanned management events will occur such as indiscriminate access,       Possible                              Sep-17|Ongoing monitoring once tenure transitions.       Ongoing | Project Group
   addition Conservation Park by Council are                |camping, bushfire and rubbish disposal which will all place additional responsibilities on
   underestimated                                            environment services/natural areas staff. However, impact on Environmental Team and Parks and|
    Failing to accurately identify impact of                 Natural Areas have been included in Council's costs estimates peer reviewed by LandCare and
   managing the project area on the Environment              included in financial modelling. Local laws have confirmed limited impact on resources as a
    and Parks and Natural Areas teams could put              result of expanding area of responsibility to include the additional area within responsibility.
   pressure on current capacity, which may lead to
   request for further resources.
   Council and NPA reputational risks                       Political nous and management from CEO and Council regarding managing community                    Possible                              Sep-17|Appropniate media statements pending project       Nov-17
    Political / Reputational Risk associated with            expectations and setting up clear boundaries regarding extent of project parties responsibilities                                              proceeding.
    Noosa Council being part of a significant multi          and relationship of transactions.
   party agreement with Noosa Parks Association,
   which involves significant long term                     Formal MOU and subsequent agreements will be transparent and available for publication.
    commitment.
   Confidentiality / Media Attention                         It was agreed at meeting at DEHP on 9 June 2017 that no parties would contact the media until     Possible                              Jun-17 | Project Parties and State Government to prepare  Sep-17 |CEO/ Council!
   Given the large number of parties involved               further notice. State Goverment would coordinate a draft media release in due course to be                                                     media release in due course in accordance with             Officers involved
    (some with Commercial Interests) and the large          signed off by all project parties before release.                                                                                               agreed MOU and agreement                                  in the project
   number of people/stakeholders who this project
    could impact on it is important that media is not        Initial Council approval meeting is being held confidentially.
   informed about the project until such time that
   parties are in some sort of an agreement to
    proceed further. Failing to do so could impact
    ‘on the relationship! cooperation of various

   Failure to identify opportunities to reduce Financial /   Council Project team and Transition Committee must explore opportunities to reduce costs further. Possible            Decrease          Sep-17 | Opportunities to reduce costs must continued to be Ongoing |Project Group
   rehab costs and maximise value of the     Reputational                                                                                                                                                   explored throughout the project. Further research
   project                                                  Council must ensure that opportunities to reduce rehab costs are explored well in advance of                                                   re Carbon offset opportunities, third party not for
   Risk of not identifying/exploring opportunities to       jcommence formal rehabilitation e.g. environmental grants, good Corporate Citizen projects etc.                                                profit assistance e.g. land care, green army etc.,
   reduce rehab costs to Council through the life of                                                                                                                                                       Koala sanctuaries.
   the project leads to negative financial                   Initial investigations have been undertaken with respect to potential carbon and environmental
   consequences.                                             offset opportunities for the project.                                                                                                          Future federal funding opportunities may be
                                                                                                                                                                                                            available such as under 20 Million Trees program.

   Inadequate Concept selection              Financial /     Confirmation that project aligns with Council's Corporate Plan Theme - The Noosa Environment -"                       Decrease          Sep-17 | Once project details have been finalised and     Nov-17 |Project Group
    Risk that initial pre-feasibility and feasibility Reputational Our Environment is protected, enhanced and valued by our Community" “The Noosa Natural                                                   approved by Council and project parties have
   stages of the project were not adequately                Environment is protected and enhanced".                                                                                                        finalised MOU, announcements can be made to
   investigated, which may lead to the organisation         Extensive       h has been   undertaken by a number of proj ies to ensure that Proj                                                             the public highlight the environmental significance
   becoming bound to a long term project that may                     -    -     ~                           Project F   ~       -     ro} Park                                                             and value of this project in accordance with agreed
   not be aligned to      end produce desired               concept aligns with desired outcomes - permanent protection of the project area into National                                                      5         Js.
    outcomes. (risk include, financial, reputational)      for Community benefit. Investigations include:                  _            a
                                                             1. Recommendations from the DEHP regarding the natural values and existing uses of Ringtail
                                                             and Yurol State Forests.
                                                             2. Preliminary guidelines developed by DEHP for restoring plantation areas of Yurol and Ringtail
                                                            State Forests.
                                                             3. Environmental Reports from DEHP of project area confirming the environmental value of the
                                                             project area if protected.
                                                             4. intemal Council analysis by Environmental Officers and Parks and Natural Areas Coordinator
                                                             also confirm the environmental value and significance of the project.
                                                             5. Environment Levy Working Group have confirmed the environmental merits of the project.
                                                             |The above investigations confirm that the project from an environmental perspective would align
                                                            ito the objectives of the Environment Levy Policy and Council's Environmental Strategic Values.
                                                            Project of regional significance - linking the National Park Corridor. In terms of financial,
                                                             environmental and community value - the vast size of the project area that would be protected as.
                                                            part of the project is much greater than recent acquisitions under the environment levy of Johns’
                                                            landing (40Ha) $2.2M and Franz Land (80ha) $2.7M. Project area - PLA 1,482 HA and State
                                                            Forest 1, 100HA to transition to National Park. End game is that project area is permanently
                                                             protected under National Park. Total cost to be divided between State, Council and NPA to pay
                                                            HOP to walk away from all plantations in the area within 5 years is $3.5M. Cost comparisons of
                                                            this project with previous per HA acquisitions under the Environment levy indicate this project
                                                            provides great value for use of the environment levy in terms of the amount of land permanently
                                                             protected against costs. But for this project, 2409Ha of land with regional National Park
                                                             connectivity would remain exposed to future logging for a significant amount of time.

                                                                                                                                                        Page 42 of 48
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