Asset sales
as well as cutng services and increasing user
charges, the Council could also sell some assets to
pay of debt.
If all the propertes and investments in the
following lists were sold, the antcipated proceeds
could be approximately $50 million based on
estmated values.
During the frst year of this plan we will look at
optons for selling.
Possible sales include:
Citzens advice bureau Kent Street [Land and
•
building]
Go Bus Depot
•
Hamilton City Holiday Park [Land and buildings]
•
Horotu Lifestyle blocks [Land]
•
Jag 2000 anglesea Street [Commercial]
•
Knox Street Carpark
•
Metro Judo Hall [Land and building]
•
Mill Street land
•
Organic Recycling Centre [Land and building]
•
Peacockes Lane [Land and Dwelling]
•
Refuse Transfer Staton
•
Riverlea Road [Land adjoining theatre]
•
Theatres – Clarence Street and The Meteor
•
Looking after what
we’ve got
The Council owns a wide range of assets
from roads and water pipes to parks,
library books and buildings.
Our assets need to be maintained so they
keep delivering what you expect.
There are tmes we will need to spend
more on them to keep them to a suitable
standard.
In the past fve years we have spent $408
million looking afer our existng assets
and building new ones.
This has contributed to the city’s increase
in debt.
In the next fve years we have budgeted to
spend $289 million on the city’s assets.
That fgure is substantally less than what
has been spent on assets in the past few
years. We are stll looking afer what we
have, but spending a lot less on new assets.
H a m i lt o n C i t y C o u n C i l
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