Mount Apartments Values Slashed
Luxury apartments at Mount Maunganui are among the properties hardest hit in the latest council valuations. Tauranga City Council valuations have slashed 25 % off the value of some high end properties at the Mount and in the Avenues, in particular. But rating head Jim Taylor says the decreases won't mean lower rates. He says the rates are basically set by councillors when they establish the budget to run the city next year, and it’s likely to be more than in previous years. Jim Taylor says most properties have had a decrease between three and seven percent. If a homeowner's property has decreased more than the average, then they may pay less of an increase in rates. Fifty thousand valuation notices will go out from Monday.
English Warns of 'Bumpy Road'
Finance Minister Bill English has wrapped up a visit to Tauranga, predicting the road to recovery will be quite bumpy. Bill English says a dramatic fall in corporate and personal tax in the three months to the end of September was more than expected. He says it shows the road to recovery will be uneven despite some early signs New Zealand is moving out of recession. Pictured: Bill English
Hospice Unveils Auction Plan
Waipuna Hospice has unveiled plans for a major new fundraiser, the auction of a house and land package at The Lakes subdivision. Trish Rae for the hospice says the total value of the package will be up to $650,000. The auction is expected to net the hospice around $300,000 to $350,000. She says it’s been made possible through the generosity of The Lakes developers, and Belvedere Construction who are running the project. It's hoped the home can be completed and auctioned early next year.
Biker in Court for 'Reckless Injury' to Cop
A court appearance today for a motorcyclist who's accused of driving into a police officer at a road checkpoint. The incident happened at Mount Maunganui at Labour Weekend. Police arrested the biker who faces a variety of charges including failing to stop, reckless driving causing injury, and aggravated assault.
Thanks - on Behalf of Kids in Hospital
Hospital doctors have spoken out to thank local supermarket staff, on behalf of children in local hospital wards. Bay of Plenty District Health Board has received a cheque for $140,000 from the Progressive Enterprises Fresh Future Appeal. Supermarket staff from across the Bay of Plenty took part in a range of fundraising activities. DHB paediatrician Roelof Lourens says he wants to thank supermarket staff ‘on behalf of kids in hospital.’ He says it’s a wonderful contribution they can put towards things like vital monitoring equipment, new TV's and toys.