Post by Kiwi Frontline on Jun 22, 2021 3:03:05 GMT 12
NGĀTI TOA BUYS LEAKY TOWNHOUSE DEVELOPMENT FROM PORIRUA CITY COUNCIL FOR $10 MILLION
The View Rd sale will be a weight off the council’s shoulders.
The weather tightness claim was reportedly settled between the council and the body corporate and owners for $10m in May 2019.
Even though the sale to Ngāti Toa, which was due to settle on June 30, would recoup that sum, the council will still need to stump up nearly $2m in fees, including legal fees, invasive testing costs, body corporate fees and $165,000 towards repairs.....
www.stuff.co.nz/pou-tiaki/125476582/ngti-toa-buys-leaky-townhouse-development-from-porirua-city-council-for-10-million
The View Rd sale will be a weight off the council’s shoulders.
The weather tightness claim was reportedly settled between the council and the body corporate and owners for $10m in May 2019.
Even though the sale to Ngāti Toa, which was due to settle on June 30, would recoup that sum, the council will still need to stump up nearly $2m in fees, including legal fees, invasive testing costs, body corporate fees and $165,000 towards repairs.....
www.stuff.co.nz/pou-tiaki/125476582/ngti-toa-buys-leaky-townhouse-development-from-porirua-city-council-for-10-million