Rangitāne o Manawatū settlement legislation passed
The House of Representatives sat through extended sitting hours this morning to pass the Rangitāne o Manawatū Claims Settlement Bill through its third and final reading.
When enacted this bill will give effect to the Deed of Settlement signed by Rangitāne o Manawatū and the Crown on 14 November 2015.
Rangitāne o Manawatū will receive financial and commercial redress totalling $13.5 million. Two commercial properties will transfer to Rangitāne o Manawatū on settlement date, including Tangimoana Crown Forest Licence Land (transfer value of $418,500); and the accumulated rentals and New Zealand Units associated with the land at 113-117 Fitzherbert Avenue, Palmerston North (transfer value of $1,350,000).
Settlement also provides for the formation of an advisory board to the Horizons Regional Council in relation to management of the Manawatu River.
Further information about these settlements can be found in the settlement summary documents: