By ERWIN CHLANDA
The Town Council has bought the property next to its works depot at 35 Wilkinson Street for $720,000 excluding GST. Stamp duty was $35,640.
CEO Rex Mooney says the land was acquired to provide “future development options” in the event of growing demand on the current depot.
The land will be on a short term lease to the recycling company Envirobank which is currently going through the required town planning process.
Mr Mooney says the decision was made after a report to council which included a valuation. The council accepted the valuation given.
The decision had been discussed “in confidential” but was moved into “open” at Monday’s council meeting.