Tauranga Bella Vista Situation
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@taniwharugby said in Tauranga Bella Vista Situation:
@hooroo it is where the land is prone to flooding, stability etc.
Think on older properties is a section 36 (will show on your Certificate of Title)
All it means is that when you build you have to get a Engineers report to show that what you are doing and how the risk will be mitigated.
Of particular note is many coastal properties now have to be built at a higher than normal ground level due to global warming and rising seas.
be very very careful and get legal advice. As @taniwharugby it inidicates there is a natural hazard that affects the site. This usually means that you can't get insurance, and if you can't get insurance, you usually can't get a mortgage.
So, be very careful. Get legal advice.
http://www.legislation.govt.nz/act/public/2004/0072/latest/DLM306819.html -
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And the cost of buying the houses plus the extensive legal costs of this have just been dumped on Taurangas ratepayers .
https://www.nzherald.co.nz/nz/news/article.cfm?c_id=1&objectid=12065714
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@jegga said in Tauranga Bella Vista Situation:
And the cost of buying the houses plus the extensive legal costs of this have just been dumped on Taurangas ratepayers .
alternatively
The Council are wearing the cost of not meeting their legal obligations under the Building Act and permitting houses to be built that are not safe to occupy.
When cockups liek this occur, no one comes out ahead. It's going to be $10M for Council, which is the thick end of a hundred bucks a household I'd say. Expensive stuff up.
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@nzzp said in Tauranga Bella Vista Situation:
@jegga said in Tauranga Bella Vista Situation:
And the cost of buying the houses plus the extensive legal costs of this have just been dumped on Taurangas ratepayers .
alternatively
The Council are wearing the cost of not meeting their legal obligations under the Building Act and permitting houses to be built that are not safe to occupy.
When cockups liek this occur, no one comes out ahead. It's going to be $10M for Council, which is the thick end of a hundred bucks a household I'd say. Expensive stuff up.
Unfortunately the council aren’t really wearing anything, the ratepayers are being stuck with the tab for this . It’d be interesting to know where Cancian got a hold of $1.3 million in cash .
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@mokey they will have insurance, I doubt it has changed but there is an Insurer for all the councils (set up by the Govt originally I believe)
But as above, if it comes back to faulty products the council were not aware of, then that wont be on the concils insurer, but will inevitably fall to rate payers to foot the bill as these shonky developers no doubt just go bankrupt and start again in another guise somewhere else.
The developers should have thier own cover as well, as do the designers, architects, builders etc...but then that would have meant the council did thier due diligence making sure contractors had the appropriate cover too.
The exposure to risk on a large development it just mind boggling
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@taniwharugby Yep. And it especially doesn't help if the council employee signing off the consents got a cut price deal with the developer for a house. Jesus.
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@mokey said in Tauranga Bella Vista Situation:
@taniwharugby Yep. And it especially doesn't help if the council employee signing off the consents got a cut price deal with the developer for a house. Jesus.
that looks really bad. Declared, but still looks really bad.
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@hooroo properties have been condemned due to being unsafe, so I guess they will require work costing more ratepayer $$$ to get them to be safe, or need to be flattened?
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@taniwharugby said in Tauranga Bella Vista Situation:
@hooroo properties have been condemned due to being unsafe, so I guess they will require work costing more ratepayer $$$ to get them to be safe, or need to be flattened?
But haven't they since passed Geo tests etc?
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@hooroo said in Tauranga Bella Vista Situation:
@taniwharugby said in Tauranga Bella Vista Situation:
@hooroo properties have been condemned due to being unsafe, so I guess they will require work costing more ratepayer $$$ to get them to be safe, or need to be flattened?
But haven't they since passed Geo tests etc?
Most of them will be sold at a profit IMO.
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@baron-silas-greenback said in Tauranga Bella Vista Situation:
@hooroo said in Tauranga Bella Vista Situation:
@taniwharugby said in Tauranga Bella Vista Situation:
@hooroo properties have been condemned due to being unsafe, so I guess they will require work costing more ratepayer $$$ to get them to be safe, or need to be flattened?
But haven't they since passed Geo tests etc?
Most of them will be sold at a profit IMO.
What an absolute shafting. The current owners should receive the net profit after associated costs to get them to a fit for purpose state.
