Another Quake Outcasts offer, more public submissions
New Quake Outcasts offer.
The chief executive of the Canterbury Earthquake Recovery Authority has made a revised offer to the group known as Quake Outcasts.
The new offer appears to be an improvement on the previous 50% offer.
It provides for compensation for residential land minus any improvements on site (houses), an unusual offer given land alone is not generally insurable.
However, it implicitly recognises property owners were alienated from their land by government red zoning as opposed to specific land damage.
CERA chief executive John Ombler was recently ordered by the Supreme Court to renew a Crown offer to the people in the group via a “recovery plan.”
This required public input and the latest offer reflects those submissions.
Mr Ombler is putting out the offer again for public submissions before finalising it.
The offers are:
- for vacant properties: a new Crown offer at 100% of the 2007/08 rateable land value;
- for commercial/industrial properties: a new Crown offer at 100% of the 2007/08 rateable land value and 100% of the 2007/08 rateable improvements value for the insured improvements (such as buildings). Property owners may choose not to accept any payment for the improvements and keep the benefits of their insurance claims; and
- for uninsured properties: a new Crown offer at 80% of the 2007/08 rateable land value. No payment should be made for uninsured improvements (such as buildings). Property owners may choose to relocate, salvage or sell any uninsured improvements, or they could elect for the Crown to demolish the improvements, for which the Crown would meet the cost.
A lawyer representing the Quake Outcasts has suggested the offer is inadequate as it relates to residential improvements.
Chris Hutching
Thu, 25 Jun 2015
Thu, 25 Jun 2015
© All content copyright NBR. Do not reproduce in any form without permission, even if you have a paid subscription.
Another Quake Outcasts offer, more public submissions
48964