Thursday, June 19, 2008

PEC Seeks Ruling Over Land

"POTENTIALLY tens of thousands of dollars of ratepayers’ money will be spent on legal action aimed at clarifying a difference of opinion between the Counties Manukau Pacific Trust and Manukau City Council.
The legal matter concentrates on a sensitive ‘umbrella agreement’ between the organisations and highly valuable commercial land transactions.
An
upcoming Auckland High Court case will attempt to determine which of the two parties is entitled to money that’ll be generated from any potential sale of land, zoned business 5, adjoining TelstraClear Pacific Events Centre at Manukau central."

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