*This is a summary of an article on page 3 of the Derwent Valley Gazette.
A One million dollar development at the Oval Precinct is just days away.
The DVC met on Monday at a closed meeting and confirmed the sale of the Wards, and are waiting final consideration before it can be officially announced.
The decision was made to make the information Public in the best interest of the Community the mayor said.
Its hoped the contract is signed prior to Xmas, and expect to receive development and applications to occur in Jan.
One new building will be built to replace Franklin which was burnt earlier this year and will name it FRANKLIN II APARTMENT.
The developers are called. T.E.C Services. The 4 stage project will be managed by property developer Tony Ellis.
The Apartments will be made up of 50 1 or 2 bedroom unites in a gated estate and will incorporate a courtyard, fountain, BBQ etc and will pay particular attention to Willow Courts Streetscape.
“WOW incredible news, I dunno how I feel. So many thoughts are running thru my head at this stage. It might take me a while to digest the news.
The funny thing is I went thru these Wards today, what a coincidence or maybe fate.”