BEGA Valley Shire Council has bought land in Cobargo’s main street for a 40-space carpark.
Council bought the land at auction last Saturday at a cost of $335,000.
The mayor, Cr David Hede, welcomed the purchase and said council would now move swiftly to develop the site.
The property, measuring 4375 square metres, is located on the Princes Highway between the Cobargo Co-op and the Village Kitchen.
The co-op has agreed to purchase the western portion of the site for its future needs, which will reduce council’s outlay from the gross purchase price of $335,000.
Cr Hede said he was pleased that council had been able to come to reach an agreement with the co-op.
“Both the council and the Cobargo Co-op now each have an asset which will meet their respective future servicing needs,” he said.
Cr Hede said council would consider its options in relation to the remainder of the land fronting the Princes Highway.
Council resolved on October 6 to bid for the property to help meet Cobargo’s future carparking needs.
This story Administrator ready to work first appeared on Nanjing Night Net.