City Scene - April 2001: Comments on New Brighton Mall Revitalisation

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April 2001

Rates increase held to 32 cents a week

Facts and beliefs to be borne in mind

Council Wants your comments

Upgrade for west of New Brighton Mall

Money form Orion to benefit city for years to come

Turning Point 2000 ends its work

What About the $175 M ?

As most people know, Southpower (now Orion) invested in North Island gas networks about seven years ago. Last year the networks were sold at a profit, and, as a result, Orion will return $175m to the Council sometime later this year. To provide lasting benefit to ratepayers from the money,the Council has made the following proposals:

Use $100m to avoid having to borrow for important projects. This will save ratepayers about $7m a year in interest costs for the next 20 years. ($100m is roughly the capital cost of the new art gallery and the upgrade of the sewage treatment plant combined.)

Invest $75m in a capital endowment fund, which will provide income of about $5m a year. Of this about $1 m would be reinvested in the fund and about $4m would be available each year for civic and economic development projects, thus reducing expenditure directly from rates.

If you want to make a more detailed submission, please get a full copy of the Annual Plan from the Civic Offices, any library or any service centre, or ring 941 8888. You can also request a copy from our Web site www.ccc.govt.nz. Alternatively you can download the postal form, fill it in, cut out, fold, seal and freepost it to the Council

Do you agree or disagree with the Council's plans for the money?
Please click the option you prefer.
Strongly agree
Agree
Neither agree nor disagree
Disagree
Strongly disagree
Don't know

If you disagree, or strongly disagree with the Council's proposal, what would you do with the money instead?

If you agree, or strongly agree with the Council's proposal, what do you think about the share of the money that will be used to avoid having to borrow, compared with the share that will be used for the endowment fund.

Used to avoid borrowing in the future	Used for capital endowment fund	Please tick the option you prefer
None	$175m
$50m	$125m
$75m	$100m
$100m *	$75m *
$125m	$50m
$175m	None

* Council proposal

If the Council goes ahead and sets up an endowment fund, how would you feel about the following uses of income from the fund.

Please tick the option you prefer.	Strongly Support	Support	No feeling either way	Oppose	Strongly Oppose
Economic development
Upgrading the Canterbury Museum
Other Major Civic projects
Revitalise the Central City
Projects in local communicates

Are there any other projects that you think the income from the fund should be spent on?
1.
2.
3.

Please return this form, and/or your submission before Monday 21 May if you wish it to be considered.

Name
Address

Please Note: This questionnaire is a public document. It will be made available to members of the public, including the media, communities on their request.

This page is not a current Christchurch City Council document. Please read our disclaimer.