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17 April 2024, 11:55 PM
MONASH CITY COUNCIL (“Council”), in accordance with section 114 of the Local Government Act 2020 and its Community Engagement Policy, gives notice that, at a special meeting of Council on 2 April 2024, Council resolved to alter the terms on which it would sell part of the land known as Central Car Park (being part of the land in certificate of title volume 11617 folio 563), located at 281 Springvale Road, Glen Waverley (“Land”). Specifically, it resolved to authorise the Chief Executive Officer to negotiate and agree the settlement terms with prospective purchasers, provided that settlement must not be conditional upon planning approval.
This differs from the settlement terms stated in Council’s original public notice of 28 October 2023 (Notice of Intention to Sell Land), that settlement would occur on the later of 90 days after the day of sale and 14 days from registration of the Plan.
This change to the settlement period is based on expert recommendations from Council’s appointed real estate agent and property consultants and is expected to maximise Council’s financial return for the sale of the Land. It does not otherwise alter Council’s proposal to sell the Land.
DR ANDI DIAMOND
Chief Executive Officer