Affordable Housing Expression of Interest - City Owned Property - 49 Cope Street, Redfern

29/07/2024 - Affordable Housing Expression of Interest - City Owned Property - 49 Cope Street, Redfern

It is resolved that:

(A)      Council note the proposals for the City owned property at 49 Cope Street, Redfern (also known as 98-106 Renwick Street, Redfern) to meet the objectives within the City's Community Strategic Plan for affordable and diverse housing and the City's Reconciliation Action Plan for Closing the Gap;

(B)      Council note 49 Cope Street, Redfern (also known as 98-106 Renwick Street, Redfern) is to be subdivided into two separate torrens title lots as follows:

(i)         Future Lot A of approximately 240 square metres, subject to survey; and

(ii)        Future Lot B of approximately 1,925 square metres, subject to survey;

(C)      Council endorse the transfer for $1 of Future Lot A to Wyanga Aboriginal Aged Care Program Incorporated INC3437869 to be consolidated with their owner-occupied property at 35 Cope Street, Redfern;

(D)      Council endorse conducting an Expression of Interest, as detailed in the subject report for entry into a heads of agreement, development deed and land transfer arrangement over Future Lot B to identify suitable entities to deliver a minimum 50-person not for profit residential aged care facility and a below ground 55 space commercial public carpark;

(E)      Council support in principle the proposed transfer of Future Lot B at $1 and the proposed acquisition by the City of the stratum lot containing the below ground 55 space commercial public carpark at $1, noting that any proposed transfer will be the subject of a future report to Council;

(F)      authority be delegated to the Chief Executive Officer to administer the Expression of Interest process in accordance with the principles set out in the subject report; and

(G)      Council note that a further report will be brought to Council following evaluation of the Expression of Interest against the criteria as detailed in the subject report for endorsement of the final outcome.

Carried unanimously.

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