Financial impact of Masterplan options to be explored

2/05/2019 12:00 a.m.

3 May 2019​

The Cromwell Community Board has agreed for Council staff to prepare comprehensive financial analyses on options within the Cromwell Masterplan prior to the document being signed off and released to the public.​

Through the options phase of the consultation process for the Cromwell Eye to the Future Masterplan the Cromwell community overwhelmingly expressed their desire for an ambitious programme of work to deliver on the future needs of their town. While the Community Board is committed to deliver on that community vision, the cost of doing so is significant. Detailed analysis is required to understand funding options and any potential impact on rates. When this robust analysis is complete, community views will be sought through an amendment to the Long Term Plan.

Council staff will develop detailed costings for each scenario and the Board will review these to understand their cost impact on rates, both within the Cromwell Ward as well as the wider district.  These costings, and proposed scale and timings, for each project will be presented alongside the recommended masterplan outcomes in the Long Term Plan amendment process. 

"It is important that we take the time now to ensure we adopt a Cromwell Masterplan that can be delivered – that means delivering on the community's vision for itself in a financially responsible way," said Central Otago District Council Chief Executive Sanchia Jacobs. "We therefore want to develop rigorous options that will allow the community to engage on timing, funding and scale of the projects. This is a once in a generation opportunity to do this right."

Cromwell Community Board Chair Neil Gillespie said there was no point signing the masterplan off if the Board didn't have all the information needed for a complete picture.

"We had hoped to be signing off a masterplan for the Cromwell region at our meeting this week.  However, when you look at the complexity of how these projects will need to be funded, a lot of work needs to go in to developing financial information that gives us a clear picture of our options and their implications on the Cromwell community. The Board agrees that it would be poor governance if we were to start discussing progression of any single project before that work is done and the Cromwell Masterplan is adopted."

Council staff will be updating the Cromwell Community Board on progress at its next meeting on 29 May 2019.​

Page reviewed: 03 May 2019 9:27am