project agreement · 1 meetings
SOL Development Agreement
Context
- Tracked aliases include SOL Development Agreement.
Mentions
- One of the key documents approved in principle.
- These decisions affected major development negotiations but were considered confidential, so the public could not see the full commercial detail at the time.
- This moves forward a separate redevelopment project with potential effects on land use, construction staging and the local property market.
Decisions
Confidential session held for commercial negotiations
Council closed the meeting to the public under the Local Government Regulation to consider confidential items about Maroochydore City Centre contractual negotiations and the SOL development agreement, then reopened the meeting afterwards.
These decisions affected major development negotiations but were considered confidential, so the public could not see the full commercial detail at the time.
SOL development agreement terms approved
Council approved the key terms for final drafting of the SOL Development Agreement, the partial deed of rescission and the unsold product agreement. Council also applied the land-disposal exception, subject to Treasurer approval, and requested notification when the agreements are completed.
This moves forward a separate redevelopment project with potential effects on land use, construction staging and the local property market.
Meetings