Shelly Bay commercial arrangements confirmed
Shelly Bay commercial arrangements between iwi and developer confirmed
Representatives of the Shelly Bay development have confirmed the entities and arrangements for the project.
Speaking to a meeting of the full
council this morning, The Wellington Company managing
director Ian Cassels announced the arrangements between
itself and mana whenua Port Nicholson Block Settlement Trust
- a question that has long distracted detractors of the
project.
Cassels confirmed that the entity that
intends to commercially transact with the Council is Shelly
Bay Ltd, which will be a joint venture entity between PNBST
and TWC, once the resource consent decision has been
made.
The transaction of the fourth parcel of land
at the site from PNBST to TWC would not change the situation
from what was promised to councillors at the time of
decision.
In a supporting written submission he
confirmed that the arrangements will be exactly as was
promised to councillors in 2017 at the time the original
decision was made.
In response to inferences that
the internal arrangements between TWC and PNBST had changed
since 2017, Cassels' submission presented the only change
had been a positive one.
"The reality is that in
the two years that we have waited for Shelly Bay to
eventuate, the relationship between TWC and PNBST has
continued to develop and mature, in anticipation of the
project coming to fruition.
To date, the joint
relationship has resulted in five housing projects with 822
units, and more expected in the pipeline.
Certainly, given the MoU arrangements and Treaty
Principles that the Council is bound to honour, it would be
irresponsible of councillors to turn a blind eye to the
results for PNBST that have come as a result of the Shelly
Bay agreement.
It would also be remiss of
Councillors to say they were not aware of the growing
relationship."
PNBST Chair Wayne Mulligan said that
there would be a minority of iwi members who may disagree
with various details but the purpose of the Trust is to work
in the interests of its 18,000 strong membership, and the
partnership with TWC was vital to that.
He said:
"We did not get a just settlement..We will do what is needed
to advance our people...in education, and to be an economic
leader around the harbour."
http://img.scoop.co.nz/media/pdfs/1908/Notice_of_Motion_Paper2.pdf
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