Decision details

It is resolved that:

(A)      Council approve a cash grant to Bridge Housing Limited for $5 million (excluding GST) to support the construction of a new community facility as part of the Redfern Place development at 600-660 Elizabeth Street, Redfern, subject to the following conditions:

(i)         approval of the cash grant will be withdrawn if:

(a)       the project materially changes from the current proposal as outlined in recommendation (A)

(b)       Bridge Housing does not demonstrate evidence of a construction certificate having been obtained for the project by 1 December 2027

(ii)        the grant funds will only be paid when evidence of a construction certificate for the project is provided

(iii)      a covenant must be registered on the title to the community facility building that limits use of the land to a community facility in perpetuity, on terms required by the City, prior to occupation or commencement of use (whichever occurs first) of the community facility

(iv)      a subdivision certificate for the development will only be issued by the City when evidence of the instrument that will register the covenant on title required by recommendation (A)(iii) is provided

(v)       until the covenant required by recommendation (A)(iii) is registered on title, the City will require the grant to be repaid in full indexed annually by CPI if:

(a)       the project materially changes from the current proposal as outlined in recommendation (A), or

(b)       the community facility at Redfern Place is not fully completed and operational (including fit-out and activation) by 1 September 2030

(vi)      acquittal of the grant is to be provided by way of:

(a)       evidence of registration of the covenant required by recommendation (A)(iii)

(b)       evidence from Bridge Housing of a legally binding lease or agreement with PCYC, or similar organisation, for the activation and operation of the community facility at Redfern Place

(B)      authority be delegated to the Chief Executive Officer to:

(i)         finalise negotiations, execute and administer the grant agreement with Bridge Housing Limited in accordance with this report

(ii)        otherwise administer all matters relating to this grant.

Carried unanimously.

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