Land swap plan for Monastir Rd

Gosford Council will soon begin selling, rezoning and swapping land at Phegans Bay in a bid to provide better access along Monastir Rd.

One lot will be sold by council to finance the rezoning of three other council-owned lots, while a further two lots will be purchased.

Lot 36 would be offered for sale by public auction, the proceeds being allocated towards the costs of rezoning Lots 3, 25 and 26 to residential.

Rezoning would require an independent planner's report along with studies including a threatened species assessment, geotechnical report and bushfire risk assessment.

Council also resolved to enter into negotiations with the owners to acquire Lots 43 and 44.

Funding for the purchase of this land would be drawn from the Land Development Reserve.

Council agenda FS.160, December 7