❓ Hon Stephen Dawson questions the Minister for Housing regarding the $62 million vendor finance agreement with Fleetwood Corporation for the Osprey Key Worker Village, specifically concerning upfront payments and quarterly payment breakdowns. The Minister refers to a previous answer, highlighting variable payments based on rent and interest rates, with a minimum quarterly payment.
AnsweredQoN 1035Legislative Council
QuestionView source ↗
OSPREY KEY WORKER VILLAGE — FLEETWOOD
CORPORATION
1035. Hon STEPHEN DAWSON to the Minister
for Housing:
I refer to the $62 million to be
paid to Fleetwood in relation to the Osprey Village.
(1) Is there any
requirement for an up-front payment included in the vendor finance agreement;
and, if so, how much?
(2) In respect of the payments over
14 years, how much will be paid each quarter?
(3) In respect of
the payments over 14 years, how much in each payment is for the vendor finance
loan and how much is for the management of the village?
CORPORATION
1035. Hon STEPHEN DAWSON to the Minister
for Housing:
I refer to the $62 million to be
paid to Fleetwood in relation to the Osprey Village.
(1) Is there any
requirement for an up-front payment included in the vendor finance agreement;
and, if so, how much?
(2) In respect of the payments over
14 years, how much will be paid each quarter?
(3) In respect of
the payments over 14 years, how much in each payment is for the vendor finance
loan and how much is for the management of the village?
AnswerView source ↗
I thank the honourable member for
some notice of the question.
(1) No.
(2)–(3) I
refer to the answer I provided on 18 August 2015 in response to question
without notice 813. The amount payable to Fleetwood over the 14 years will vary
every quarter depending on the level of rent achieved by the village and the
prevailing interest rates. This is subject to a minimum payable amount of $950 000
per quarter, of which $690 000 is for vendor finance interest and $260 000 is
for the management fee.
some notice of the question.
(1) No.
(2)–(3) I
refer to the answer I provided on 18 August 2015 in response to question
without notice 813. The amount payable to Fleetwood over the 14 years will vary
every quarter depending on the level of rent achieved by the village and the
prevailing interest rates. This is subject to a minimum payable amount of $950 000
per quarter, of which $690 000 is for vendor finance interest and $260 000 is
for the management fee.
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