OUR CONCERNS

The Coastal Advisory Panel (CAP)

(* Jacobs New Zealand Limited is a consultancy firm engaged by KCDC to assess our district for coastal hazards)

The CAA process has already spent over $3M of ratepayer’s money

Extreme Modelling

Undemocratic Process

KCDC are not listening to their community

Alarmist Outcomes

Who Pays? – You Do

Ratepayers are not only paying for the cost of this process ($3M+ spent to date) there will be more financial implications.

COST OF MANAGED RETREAT

  • The current value of the 1,000+ homes already identified for Managed Retreat is substantial
  • The compensation cost could be even more substantial because the CAP process is only 25% complete, with three more zones to assess
  • The compensation offered to property owners could be reduced if homes are significantly devalued

COST OF COASTAL ADAPTATION AREAS (CAA’s)

  • This will apply to any natural hazard, eg. flooding, slips, storm surge and erosion – which would encompass most properties in Kapiti. 
  • If CAP’s Coastal Adaptation Areas are accepted by Council and applied to Titles/LIM’s, this could trigger:
    • Insurance costs – increased/limited/declined
    • Mortgages – increased/limited/declined
    • Inability to buy/sell/refinance your home or business
    • Devaluation of your home and possible low payout for homes identified for Managed Retreat compensation
  • In addition, existing mortgages could be vulnerable for recall by banks if property values fall below the outstanding debt

Who Benefits? – NOT YOU

  • Consultants
  • Local/central Government job