Page 2595 - Week 08 - Wednesday, 10 August 2016
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(ii) the previous leaseholders had a development condition (Clause 3a) within the Crown Lease requiring commencement of the erection of a parkland within the lease at a cost of not less than the sum of one million dollars within 12 months of the lease commencement and completion of the said development within 36 months of lease commencement;
(iii) Mr Barr signed the Planning and Development (Land Acquisition Policy Framework) Direction 2014 (No. 1) on 14 June 2014 which stated “The Land Acquisition Policy Framework provides the principles that are to govern the exercise of the Land Development Agency (LDA) functions under the Planning and Development Act 1997 ... The framework is to enable the LDA to pursue business opportunities for the acquisition of land available on the market ... All proposed acquisitions are to be assessed against the principles and associated tests provided in this Land Acquisition Policy Framework. All tests must be followed for an acquisition ... [acquisitions] below $5 million—agreement by the LDA Board with advice to the Minister for Economic Development or the Minister responsible for administering Chapter 4 of the Planning and Development Act 1997”;
(iv) the ACT Government received an “Amended Valuation Report”, dated August 2014, that valued the block at $950 000 to $1 050 000;
(v) the ACT Government subsequently received a “Valuation Advice” dated May 2015 that gave a valuation recommendation of $3 600 000 to $3 800 000;
(vi) the LDA Board meeting of 27 August 2015 had an agenda item “Land Acquisition Policy Framework Interpretation” and resolved that “Land acquisitions constituting new land development opportunities outside the LDA’s core business of delivering the Indicative Land Release Program to be subject to the Land Acquisition Policy Framework”;
(vii) the ACT Government acquired the 12 335m2 block in September 2015;
(viii) the Chief Minister, Mr Barr, told the Assembly on 24 September 2015 that “My understanding is that the Land Development Agency, through its strategic acquisitions capability, has entered into negotiations. I am not certain yet as to whether those have been finalised; I will take that part of the question on notice”;
(ix) an LDA official told a committee hearing on 5 November 2015 regarding property acquisitions “With Glebe Park, again, that was classified as a strategic acquisition for a number of different reasons”;
(x) later in the same hearing, an LDA official stated that rather than being a strategic acquisition, the Glebe Park purchase was a project based acquisition;
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