Deadline looms for red-zoners

JOELLE DALLY
Last updated 13:22 10/08/2012

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Canterbury's first red-zoned residents have one week until the deadline to accept the Crown offer for their properties expires.

Sixty-six red-zoned property owners have yet to formally accept the Crown offer, which will expire on August 19.

Crown offers were made to 2970 homeowners after the first round of land-zoning decisions announced in June last year.

The Canterbury Earthquake Recovery Authority said today that of the 66 property owners in this group who had yet to return the appropriate paperwork, 45 had told Cera they intended to accept the offer before the deadline.

Of the remaining 21 property owners, 12 had said the difficulties hindering their ability to make a fully informed decision related to claims with their insurer and the Earthquake Commission.

Nine property owners had told Cera they had yet to make a decision.

Cera chief executive Roger Sutton said that as the expiry deadline approached his staff had been in "close contact" with many of the properties owners "to ensure they have all the information they need".

That had included phone calls and letters, he said.

"These are not easy decisions for people to make, and people living in these worst-affected areas of the city have already been through so much,'' he said.

''We have consistently said these people need to take the time to get the best advice they can before making a decision. 

"There are a number of days left to decide, but people do need to ensure they have the legal paperwork back to us by August 19 to be eligible for the Crown offer."

Of the 2970 who returned consent forms, 2904 had selected either option 1 or 2 and returned their signed sale and purchase agreement.

Returning a signed agreement means the property owner will have chosen a settlement date.

The settlement day is when they have to move out, regardless of the type of offer they choose.

Property owners must return a sale and purchase agreement within 12 months of the date on their letter of offer from the Crown or until March 31, 2013, whichever comes first.

The last date that they can choose to settle the sale of their property to the Crown is April 30, 2013.

Property owners in South New Brighton and Southshore who were zoned red on May 18, 2012, have up to 12 months from the date of their offer letter or until May 31, 2013, whichever comes first, to return their sale and purchase agreement.

The final date for these property owners to settle with the Crown is June 30 next year.

Offers have yet to be sent to the most recently designated red-zone properties on the Port Hills.

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Eighty-six per cent of  property owners across all residential red zones who have received a Crown letter of offer have signed a sale and purchase agreement.

The  numbers at 10am today 10 are:

- Total red-zone properties, 7560.

- Consent forms returned, 6857.

- Sign sale and purchase agreements, 5572.

- Settled and been paid out, 4402.

Of the 4402 settlements, 1111 have selected option 1 and 3291 have selected option 2.

- The Press

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