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Yarra City Council forced into 'embarrassing backdown' over plan to give CEO powers to sell property

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City Of Yarra News

CEO,Yarra,Yarra Council

Yarra council is forced to back down on a controversial proposal that would have allowed its CEO to buy and sell property worth up to $10 million without councillor approval, after receiving overwhelming community backlash.

A draft property strategy for Yarra City Council included plans to give the CEO powers to approve sales of council land and buildings of up to $10 million — a tenfold increase to previous financial delegation.

The announcement was made in a statement issued to local residents on Monday afternoon, just hours after community consultation closed on its draft strategy outlining the council's five-year plan for its property portfolio. The original proposal would have given the council's CEO the power to buy and sell community assets valued at up to $10 million without requiring a council vote – a tenfold increase of the financial delegation approved in November.

 

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Inner-Melbourne residents outraged over Yarra City Council proposal to expand CEO power to sell-off landA Yarra councillor says a tenfold increase to the value of property the CEO can sell-off without councillor sign-off could turn the role into that of an 'unelected, economic czar'.
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