New Zealand Gazette – 1994 – No. 94

Page 2868

✨ Crown-Funded Irrigation Schemes Sale



2868 NEW ZEALAND GAZETTE No. 94

  1. Previous Gazette References

Kerikeri
15 January 1981, NZ Gazette No 1, page 2

Puketotara
23 June 1983, NZ Gazette No 88, page 1919

Kapiro - Pungaere
6 December 1984, NZ Gazette No 227, page 5456
31 March 1988, NZ Gazette No 56, page 1374

  1. Purchaser

Kerikeri Irrigation Company Ltd

  1. | Effective Date | 1.9.89 |

  2. | Date of Purchase | 10.7.90 |

  3. | Date of Financial Statement | 24.6.93 |

  4. Amount of Settlement ($)

  • Purchase price paid for the assets ... 0
  • Water rates revenue refunded ... 201,600
  • Other payments by the Crown ... 197,001
  • Net Settlement by Crown ... 282,245

  1. Debtors transferred to Purchaser ($) ... 87,888

  2. Assets & Liabilities of the Crown before Settlement ($)

  • Historic Capital Cost ... 20,716,978
  • Accumulated Liabilities ... 653,869
  1. Liabilities Retained by the Crown

The two dams are a potential Crown liability if proposed dam safety legislation, which will have a materially adverse effect on the viability of the Scheme, is passed within 10 years from 10.7.90, the Date of Purchase. The owners have up to 18 months after that time to register a claim.



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✨ LLM interpretation of page content

🌾 Sale of Crown-Funded Irrigation Schemes (continued from previous page)

🌾 Primary Industries & Resources
31 May 1994
Irrigation, Crown funding, Sale, Financial settlement, Kerikeri, Puketotara, Kapiro - Pungaere
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