Tauranga City Council was made an offer to purchase the properties at Lakes Boulevard/Aneta Way.
Tauranga City Council Chief Executive Garry Poole has expressed his gratitude to the homeowners for their patience while Council prepared this offer.
“Many issues needed to be considered to get to this point,” says Garry.
Council says the fair and reasonable approach, taking into account all the circumstances of this situation, is to make sure homeowners are compensated for the amounts that they have spent through this process, along with a further additional amount to reflect the emotional toll all this has taken.
“Councillors and Council staff have very carefully considered our role in what happened at Aneta Way and Lakes Boulevard, and the impact our actions have had on the homeowners.
“We have also carefully considered Council’s legislative responsibilities and our wider role in the community.
“We want to make sure the homeowners are not out of pocket.”