DEVELOPERS and relevant stakeholders behind the Roseworthy Township Expansion project are due to meet again at the end of this month, as they move towards the start of development works.
The parties are currently focused on the appointment of a third-party funding administrator, which, together with the recently finalised infrastructure deeds, will allow the facilitation of the development.
In a report to elected members, Light Regional Council strategy manager Andrew Chown said council has been liaising with financial advisor Mark Lamond, who has experience in the arrangement, management and operation of third-party funding schemes interstate.
“His experience of process and functionality will greatly assist in the finalisation of a similar scheme for the Roseworthy Township Expansion,” Mr Chown said.
“The approaches being explored by Mr Lamond are strictly within the parameters of the previous council decision, in particular the need to manage risk and ensure all capital input is borne by developers/stakeholders.
“At this point, council management are meeting with Mr Lamond to discuss the details of such a scheme prior to, once again, calling a stakeholder meeting in late July.”
The Roseworthy Township Expansion project, incorporated into Light Regional Council’s Development Plan, in November, rezoned 525 hectares of land to the south of the existing township – making way for up to 2500 new homes and 10,000 people to move into the area over the next 30 years.