We reported in a previous article that City Council was to consider a proposal to set up a compensation fund for QVM Traders impacted by renewal. A meeting was conducted yesterday (Tuesday 30/8/2016) and the Council resolved -
That Council:
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Notes the
amendments made by management to the Queen Victoria Market Precinct Renewal
Implementation Framework (Attachment 1 of the report from management) as
directed by Council at its previous meeting, and endorses the final
Implementation Framework as amended.
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Recognises that
the successful implementation of the master plan will require frequent,
detailed and genuine discussions between Queen Victoria Market management and
traders, and requests a full briefing to Cr Forum setting out the proposed
handling of such discussions as well as the status of the Queen Victoria Market
Retail Strategy.
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Endorses in
principle the establishment of a compensation fund for the purposes of
providing licence fee relief for traders whose income is demonstrably affected
by the Queen Victoria Market renewal, and indicates a willingness to forego the
annual return to Council from Queen Victoria Market (up to approx. $4 million
per year) during the renewal in order to create such a fund.
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Requests
management to work with the management of Queen Victoria Market to propose a
suitable framework and mechanisms for a compensation fund for market traders.