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Cabinet Decision DEV-18-SUB-0285: Global Settlement With Christchurch City Council: Negotiating Parameters (December 2018)

Issue date: 
Friday, 20 December 2019
Issue status: 
Current
Version note: 

Some parts of this information release would not be appropriate to release and, if requested, would be withheld under the Official Information Act 1982 (the Act). Where this is the case, the relevant sections of the Act that would apply have been identified. Where information has been withheld, no public interest has been identified that would outweigh the reasons for withholding it.

This Cabinet paper and related Cabinet minute have been proactively released by the Minister for Greater Christchurch Recovery.

Accessible HTML version

Only the Cabinet minute is extracted below in HTML.  If you require a full HTML version of this Cabinet decision release please contact information@dpmc.govt.nz and cite DEV-18-SUB-0285 as a reference.

Extract from Cabinet Minute DEV-18-MIN-0285: Global Settlement With Christchurch City Council: Negotiating Parameters

On 5 December 2018, the Cabinet Economic Development Committee (DEV):


Background

1noted that, to unlock the potential of Christchurch city, a demonstrable transition is needed from the current extraordinary role played by central government towards a locally-led and sustainable regeneration;

2noted that the future ownership of a significant portfolio of Crown assets in Christchurch is uncertain, and that negotiating a global settlement with Christchurch City Council (the Council) is an urgent priority and a significant opportunity for the Crown;

3noted that there is a narrow window for the conclusion of negotiations by May 2019, when the Council’s focus will turn to upcoming local body elections;


Global settlement will finalise funding support for recovery and regeneration

4 [s9(2)(g)(i)]

5noted that the global settlement is intended to resolve outstanding matters relating to specific Crown and Council roles in earthquake recovery and regeneration to date;

6noted that the Council is in a relatively advantageous financial position, in comparison with other councils in New Zealand;

7noted that:

7.1 as part of Budget 2018, the government announced a $300 million Christchurch Regeneration Acceleration Facility [CAB-18-MIN-0158.11];

7.2 the Minister of Finance and the Minister for Greater Christchurch Regeneration (joint Ministers) have approved the Council’s initial proposals to earmark funding from the Acceleration Facility for $40 million towards future projects in the residential red zone (RRZ), and $220 million towards development of the Canterbury Multi-Use Arena;

7.3 the remaining $40 million in the Acceleration Facility has not yet been earmarked;

 

Janine Harvey
Committee Secretary of the Cabinet

Last updated: 
Friday, 20 December 2019

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