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Productivity – Reports

4.

Ordinary Meeting - 12 February 2014

PRODUCTIVITY

4.1 SALE OF COUNCIL OWNED LAND - 24-26 PALL MALL, BENDIGO (FORMER BENDIGO MINING EXCHANGE) Document Information Author

Philip DeAraugo, Activity Centres Place Manager

Responsible Director

Prue Mansfield, Director Planning and Development

Summary/Purpose It is intended that the former Bendigo Mining Exchange (BME), which forms part of the Beehive Building in Pall Mall, be sold to the private sector to enable it to be restored and reused. This report recommends Council endorse the Expression of Interest process as the preferred way of identifying a purchaser and to commence the process by giving notice of its intention to sell the property. Policy Context Council Plan Reference: The 2013-17 Council Plan includes Strategic Objective 4.4 Strengthen the links between Greater Bendigo’s past and future by protection and contemporary re-use of our heritage assets. The Plan also includes Action 5.2.1 Implement the Surplus Property Disposal Plan. Both are of relevant to this project. The previous Council Plan (2012 update) included an action to complete a Development Plan for the Beehive / Bendigo Mining Exchange Complex to make the site development ready. This has now been completed. Strategy Reference: The Bendigo CBD Plan (2005) is about getting more people into the city centre for longer. The Plan identifies the Beehive Building within the Specialty Retail Core and a refurbished Allan’s Walk as providing opportunities for small scale retailing within a heritage setting. The reuse of this building is expected to be a significant drawcard for this precinct and is likely to stimulate further private sector investment in central Bendigo, which in turn will contribute to implementing the vision of the Bendigo CBD Plan of getting more people into it for longer. Related Legislation and Guidelines: Local Government Act 1989 (Vic) (S189 & S223) Local Government Best Practice Guideline for the Sale, Exchange and Transfer of Land 2000 (Department of Planning and Community Development)

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