Netball courts to be funded from sale of land

admin post on February 16th, 2019
Posted in 南京夜网

The Vikings and Shamrocks played on the Railway Parade courts on the weekend.Eleven netball courts will be constructed as part of stage two (the netball component) of the redevelopment of Central Oval.
Nanjing Night Net

After recently approving the allocation of $850,000 to fund construction, Port Augusta City Council will now obtain a short term cash advance debenture from the Local Government Finance Authority (LGFA).

The cash advance will be repaid from the funds obtained from the sale of the land currently occupied by Port Augusta Netball Association (PANA) on Railway Parade, which has been valuated at more than $1 million.

The cost estimate of $841,000 for stage two of redevelopment includes civil works, stormwater, asphalt, lighting, fencing and sealing of courts.

The cost of financing an $850,000 short term advance from the LGFA is $45,000 per year.

PANA will contribute to the fit out of the courts and shade and seating to the area, as well as their office space.

The process of selling the current land will be made easier without PANA occupying the facility, but could take more than a year to facilitate.

Elected members will be provided with a further report in due course, containing options for the disposal of the current netball association land.

The netball association deferred major maintenance works to existing court infrastructure with the impending return to Central Oval.

Port Augusta City Council were given the $10 million grant on the basis the Central Oval redevelopment would be a community and sporting hub including a range of sports and if stage two funding was not approved the entire grant could have been taken away.

This story Administrator ready to work first appeared on Nanjing Night Net.

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