CIVIC-SQUARE LEASES
CONDITIONS ALTERED BUILDING CLAUSE MADE EASIER Having particular regard to the eco- : nomic conditions ruling in the Dominion, the City Council has decided to amend the conditions attaching to the j leases of civic square sections. This was the reason given when the 1 Finance Committee recommended the • alterations to the council last evening, j It is now proposed to offer the leases i with revaluations in 22 and 44 years, ‘j all expiring in December, 1993. Twentytwo years will be allowed for building to the full height, instead of 11 years, and no rent will be charged until three months after the leases are taken up, allowing of building to commence. Cr. L. A. Eady mentioned that the council might give some consideration to paying small compensation at the end of the term. The council would not hear of such a suggestion.
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Sun (Auckland), Volume I, Issue 293, 2 March 1928, Page 16
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145CIVIC-SQUARE LEASES Sun (Auckland), Volume I, Issue 293, 2 March 1928, Page 16
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