2018-09-11 Planning & Environment Committee Agenda

PLANNING & ENVIRONMENT COMMITTEE MEETING AGENDA   11 SEPTEMBER 2018




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PLANNING & ENVIRONMENT COMMITTEE MEETING AGENDA                                         11 SEPTEMBER 2018

           POLICY GUIDELINE — REVOLVING FUND

           Revolving fund land is to be gazetted as Nature Refuge
           The only tenure that is currently suitable for a Local Government Revolving Fund is a freehold
           Nature Refuge under the Nature Conservation Act 1992. Land under consideration for a revolving
           fund will need to meet Department of Environment and Science criteria for Nature Refuge status.
           Negotiations and purchase of land can be undertaken on Council’s behalf
           The purchase, statutory protection and on-selling of a property can be undertaken in partnership
           with a third party such as a trust. The third party arrangement would be set out in a contractual
           agreement that states:
           e  Intentions of the parties.
           e  Roles and responsibilities
           e  Cost and risk sharing arrangement
           e  Accountability
           Council may engage with a third party as required to implement a revolving fund transaction.
           Boundary re-alignment
           If two adjoining parcels come under Council ownership, a boundary realignment can be
           undertaken, an appropriate area be gazetted as Nature Refuge, and the balance parcel on-sold to
           recoup capital costs.
           Subdivision

           Under the new SEQ Regional Plan a land parcel can be subdivided for park purposes, a Nature
           Refuge gazetted and the balance parcel sold to recoup capital costs. This approach would require
           a planning application and may be subject to infrastructure charges.
           ROLES AND RESPONSIBILITIES

           Environment Levy Working Group: Assessment of potential revolving fund land parcels and
           recommendations to Council

           Council's Financial Services to undertake/review a cost benefit analysis for each land purchase
           and proposed revolving fund transaction.
           RELEVANT LEGISLATION

           Queensland Local Government Act 2009
           Queensland Nature Conservation Act 1992

           Vi ‘sien . Reason/ Trigger              Change (Y/N)  Endorsed/ Reviewed by   Date

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