BAYSWATER council deferred approving a counter offer that includes a $3 million purchase price for Carter’s wetlands on Tuesday, after the City received late information.
According to a report, the City recommenced negotiations with the owners of lot 14, 128 King William Street, Bayswater over the purchase of lot 14 following the State Government’s commitment of $1.5 million.
The owners of lot 14 remain willing to sell the land to the City at the same price as presented to council in November last year.
Acting chief executive Carissa Bywater said the City received information before the committee meeting and advised council defer the item to the council meeting.
A City officer recommended council approve a $3 million purchase price, including $1.5 million from the City’s strategic land acquisition reserve.
They also recommended the City accept the land maintains an identity to the Carter family and that no cul-de-sac heads or other works from the subdivision on lots 6-10, 130 King William Street will encroach into Lot 14.
The site is currently classified as possibly contaminated with investigation required and the extent of any management and remediation costs has not been determined.
The City would have to undertake detailed contamination investigations and remediation, with the investigation to cost about $50,000.