Equity Partner Required - Unkomanzi Park Residential Development, KZN, South Africa

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    Equity Partner Required - Unkomanzi Park Residential Development, KZN, South Africa - Presentation Transcript

    1. OCTOBER 2008 FEASIBILITY UPDATE – UMKOMANZI PARK Erf 559 (of 536) and Rem 17 –umkomanzi drift Development Facilitators, Property Brokerage, Project and Construction Management to the Property Industry Jason Wilkes and Eric Quevauvilliers
    2. Umkomanzi Drift Consolidated Project Summary
    3. DEVELOPMENT: Umkomanzi Park Consolidated ESTIMATED DEVELOPMENT COST: Date : October-08 REVISION : 5 Revision Date : 11-Dec-08 % of % of Land Infrastructure Cost Dev Cost Selling Building Cost 0.0% Bulk contribution 12,420,000 7.7% 5.4% Service infrastructure 59,966,871 37.1% 25.8% Entrance,Connections 16,586,614 10.2% 7.1% Pre-tender escalation 1,750,000 1.1% 0.8% Post-tender escalation 2,270,000 1.4% 1.0% Estimated Infrastucture Cost 92,993,485 57.5% 40.1% Professional fees & Costs 14,300,000 8.8% 6.2% Interim interest on Construction Period 15.0% 17,940,263 11.1% 7.7% Sub-total : Infrastructure 125,233,748 77.4% 54.0% Land Cost Purchase price of land 18,500,000 11.4% 8.0% Transfer & Legal costs, Company etc 110,000 0.1% 0.0% Interim Interest on Land 15.0% - 0.0% 0.0% Sub-total : Land 18,610,000 11.5% 8.0% Production Costs Legal/Audit Company / Bond Fee 720,000 0.4% 0.3% Land Surveyor Certificates 250,000 0.2% 0.1% Rates & Taxes 360,000 0.2% 0.2% Services Consumables 360,000 0.2% 0.2% Contingency 3,130,000 1.9% 1.3% NHBRC - 0.0% 0.0% Interim Interest - 0.0% 0.0% Bond Finanace Raising Fee 1,500,000 0.9% 0.6% Submission Fees & Disbursments 500,000 0.3% 0.2% Marketing 0.50% 1,000,000 0.6% 0.4% Sales Commission & Marketing 5.00% 10,178,427 6.3% 4.4% Sub-total : Production Costs 17,998,427 11.1% 7.8% TOTAL DEVELOPMENT SALES VALUE COST RATIO Land Infrastructure Cost 125,233,748 77.4% 54.0% Land Cost 18,610,000 11.5% 8.0% Production Costs 17,998,427 11.1% 7.8% SUB-TOTAL 161,842,175 100.0% Margin 25.8% 41,726,212 18.0% 203,568,387 VAT @ 14% 28,499,574 100.0% 12.3% TOTAL Development Sales Value 232,067,961 100.0% Revenue Breakdown 232,068,125.00 Individual Stand Selling 291 R 185,750.00 54,053,250.00 Intermediate Residential 371 R 145,000.00 53,795,000.00 General Residential 431 R 145,000.00 62,495,000.00 Commercial GROSS m2 Selling 79,645 R 775.00 61,724,875.00 Umkomanzi Park -Start Aug 07 CONSOLIDATE 11 Nov08 Present Summary Presentation]
    4. Umkomanzi Drift Phase 1__ Summary and Equity Cashflow
    5. DEVELOPMENT: UMKOMANZI DRIFT ESTIMATED DEVELOPMENT COST: Date : December-06 REVISION : 14 Revision Date : 11-Dec-08 % of % of Cost per Land Infrastructure Cost Dev Cost Selling Opportunity Building Cost 0.0% Bulk contribution 3,942,000 5.1% 3.5% R 5,490.25 Service infrastructure 29,634,833 38.3% 26.4% R 41,274.14 Entrance,Connections 3,498,376 4.5% 3.1% R 4,872.39 Pre-tender escalation 2.0% 730,000 0.9% 0.7% R 1,016.71 Post-tender escalation 2.5% 950,000 1.2% 0.8% R 1,323.12 Estimated Infrastucture Cost 38,755,210 50.1% 34.6% R 53,976.61 Professional fees & Costs 14.5% 5,620,000 7.3% 5.0% R 7,827.30 Interim interest on Construction Period 15.0% 8,340,853 10.8% 7.4% R 11,616.79 Sub-total : Infrastructure 52,716,062 68.2% 47.0% R 73,420.70 Land Cost Purchase price of land 16,000,000 20.7% 14.3% R 22,284.12 Transfer & Legal costs, Company etc 0.5% 80,000 0.1% 0.1% R 111.42 Interim Interest on Land - 0.0% 0.0% R - Sub-total : Land 16,080,000 20.8% 14.3% R 22,395.54 Production Costs 0.50% 340,000 0.4% 0.3% R 473.54 Legal/Audit Company Assembly/ Bond Fe Land Surveyor ERF Certificates 0.20% 140,000 0.2% 0.1% R 194.99 Rates & Taxes 0.25% 170,000 0.2% 0.2% R 236.77 Services Consumables 0.25% 170,000 0.2% 0.2% R 236.77 Contingency 2.50% 1,320,000 1.7% 1.2% R 1,838.44 NHBRC 0.00% - 0.0% 0.0% R - Interim Interest - 0.0% 0.0% R - Bond Raising Fee R 35 million 2.00% 700,000 0.9% 0.6% R 974.93 Submission Fees & Disbursments 0.35% 240,000 0.3% 0.2% R 334.26 Marketing 0.73% 500,000 0.6% 0.4% R 696.38 Sales Commission & Marketing 5.00% 4,914,748 6.4% 4.4% R 6,845.05 Sub-total : Production Costs 8,494,748 11.0% 7.6% R 11,831.13 TOTAL DEVELOPMENT SALES VALUE COST RATIO Land Infrastructure Cost 52,716,062 68.2% 47.0% R 73,420.70 Land Cost 16,080,000 20.8% 14.3% R 22,395.54 Production Costs 8,494,748 11.0% 7.6% R 11,831.13 SUB-TOTAL 77,290,810 100.0% R 107,647.37 Margin 27.18% 21,004,002 18.7% R 29,253.48 98,294,812 R 136,900.85 VAT @ 14% 13,761,274 100.0% 12.3% R 19,166.12 TOTAL Development Sales Value 112,056,086 100.0% R 156,066.97 Variables Opportunity Analysis Escalation = 2.50% Erf Gross Area Opportunity Interest = 15.0% Yield Planning period = 9 Erf 559 475,506.00 856 Construction period = 24 Erf 536 325,147.00 585 Total Professional Fees 14.5% Marketing Cost = 1.0% 800,653.00 1441 Sales Commission = 5.0% Roads & 50% 718 Contingency = 2.5% Environmental factor NHBRC = 1.3% R 156,066.97 Units per hectare 18 DEVELOPMENT ASSUMPTION ACTUAL YIELD 718 Revenue Breakdown Average Opportunity Selling R 156,066.97 R 112,056,086.14 112,056,250.00 Individual Stand Selling 195 R 185,750.00 36,221,250.00 Intermediate Residential 210 R 145,000.00 30,450,000.00 General Residential 313 R 145,000.00 45,385,000.00 Umkomanzi Park -Start Aug 07 CONSOLIDATE 11 Nov08 Present Presentation Phase 1
    6. 47 Apr-11 30 -105 Feb-11 118 -164 Dec-10 -120 359 Oct-10 536 6 226 59 Aug-10 4, 9 78 36 4, 92 -243 Jun-10 2 54, 186 53 4, 8 378 34 Apr-10 4, 0 123 97 3, 47 40 Feb-10 8 3, 07 142 8 3, 65 142 Dec-09 6 3, 23 302 5 3, 1 88 22 Oct-09 3, 34 Cash Flow incl VAT 73 1 3, 61 344 Aug-09 0 3, 7 78 71 Months Cumulative 2, 39 270 Jun-09 6 2, 9 11 36 2, 8 148 35 Apr-09 2, 0 344 21 Umkomanzi Drift Updated Cash Flow - Phase 1 2, 6 47 86 Feb-09 1, 18 265 8 1, 3 126 55 Dec-08 1, 27 707 4 1, 0 66 Oct-08 72 5 37 65 8 37 Aug-08 61 1 30 58 0 37 Jun-08 55 3 87 51 6 37 Apr-08 42 9 56 38 333 Feb-08 33 0 111 30 8 68 Dec-07 18 1 39 12 25 82 Oct-07 29 57 29 29 Aug-07 4500 3500 2500 1500 500 -500 Rand (R 000's )
    7. Umkomanzi Drift Phase 2__ Summary and Equity Cashflow
    8. DEVELOPMENT: REM 17 Umkomanzi Drift ESTIMATED DEVELOPMENT COST: Date : March-08 REVISION : 8 Revision Date : 11-Dec-08 % of % of Cost per Land Infrastructure Cost Dev Cost Selling Opportunity Building Cost 0.0% Bulk contribution 8,478,000 10.0% 7.1% R 17,127.27 Service infrastructure 30,332,037 35.9% 25.3% R 61,276.84 Entrance,Connections 13,088,238 15.5% 10.9% R 26,440.88 Pre-tender escalation 2.0% 1,020,000 1.2% 0.8% R 2,060.61 Post-tender escalation 2.5% 1,320,000 1.6% 1.1% R 2,666.67 Estimated Infrastucture Cost 54,238,275 64.1% 45.2% R 109,572.27 Professional fees & Costs 16.0% 8,680,000 10.3% 7.2% R 17,535.35 Interim interest on Construction Perio 15.0% 9,599,411 11.4% 8.0% R 19,392.75 Sub-total : Infrastructure 72,517,686 85.8% 60.4% R 146,500.38 Land Cost Purchase price of land 2,500,000 3.0% 2.1% R 5,050.51 Transfer & Legal costs, Company etc 1.0% 30,000 0.0% 0.0% R 60.61 Interim Interest on Land - 0.0% 0.0% R - Sub-total : Land 2,530,000 3.0% 2.1% R 5,111.11 Production Costs 0.50% 380,000 0.4% 0.3% R 767.68 Legal/Audit Company / Bond Fee Land Surveyor Certificates 0.15% 110,000 0.1% 0.1% R 222.22 Rates & Taxes 0.25% 190,000 0.2% 0.2% R 383.84 Services Consumables 0.25% 190,000 0.2% 0.2% R 383.84 Contingency 2.50% 1,810,000 2.1% 1.5% R 3,656.57 NHBRC 0.00% - 0.0% 0.0% R - Interim Interest - 0.0% 0.0% R - Bond Raising Fee R 40 m 2.00% 800,000 0.9% 0.7% R 1,616.16 Submission Fees & Disbursments 0.35% 260,000 0.3% 0.2% R 525.25 Marketing 0.66% 500,000 0.6% 0.4% R 1,010.10 Sales Commission & Marketing 5.00% 5,263,679 6.2% 4.4% R 10,633.69 Sub-total : Production Costs 9,503,679 11.2% 7.9% R 19,199.35 TOTAL DEVELOPMENT SALES VALUE COST RATIO Land Infrastructure Cost 72,517,686 85.8% 60.4% R 146,500.38 Land Cost 2,530,000 3.0% 2.1% R 5,111.11 Production Costs 9,503,679 11.2% 7.9% R 19,199.35 SUB-TOTAL 84,551,365 100.0% R 170,810.84 Margin 24.51% 20,722,210 17.3% R 41,863.05 105,273,575 R 212,673.89 VAT @ 14% 14,738,300 100.0% 12.3% R 29,774.34 TOTAL Development Sales Value 120,011,875 100.0% R 242,448.23 Variables Opportunity Analysis Escalation = 2.50% Erf Gross Area Opportunity Interest = 15.0% Yield Planning period = 9 Rem 17 813,431.00 1220 Construction period = 24 - 0 Total Fees + costs = 16.0% Marketing Cost = 1.0% 813,431.00 1220 Sales Commission = 5.0% Roads & 31% 495 Contingency = 2.5% Environmental factor NHBRC = 1.3% R 242,448.23 Units per hectare 15 DEVELOPMENT ASSUMPTION ACTUAL YIELD 375 Commercial 30 Revenue Breakdown Average Opportunity Selling R 242,448.23 R 120,011,874.56 120,011,875.00 Individual Stand Selling 96 R 185,750.00 17,832,000.00 Intermediate Residential 161 R 145,000.00 23,345,000.00 General Residential 118 R 145,000.00 17,110,000.00 Commercial GROSS m2 Selling 79,645 R 775.00 61,724,875.00 Umkomanzi Park -Start Aug 07 CONSOLIDATE 11 Nov08 Present Presentation Phase 2
    9. 118 5 Apr-11 6,05 101 0 5,62 76 3 Feb-11 5,65 231 4 5,82 81 6 Dec-10 5,57 201 0 5,84 301 3 Oct-10 5,88 421 8 5,40 151 8 Aug-10 5,16 206 0 4,93 161 6 Jun-10 4,77 151 6 4,82 101 1 Apr-10 4,45 51 0 4,07 Monthly Cashflow incl VAT 51 5 Feb-10 3,95 51 4 3,90 51 2 Dec-09 3,78 145 6 3,66 121 0 Oct-09 3,38 Cummulative 48 1 3,29 145 0 Aug-09 3,14 Months 73 3 2,73 228 7 Jun-09 2,65 48 4 2,42 198 3 Apr-09 2,80 595 8 2,58 78 9 Feb-09 1,59 278 3 1,52 UMKOMANZI PARK CASHFLOW PHASE 2 96 6 Dec-08 1,33 929 8 1,23 73 186 Oct-08 48 109 48 Aug-08 55 0 0 Jun-08 0 0 Apr-08 0 0 Feb-08 0 0 Dec-07 0 0 Oct-07 0 0 Aug-07 7000 6000 5000 4000 3000 2000 1000 0 Rand (000)
    10. Umkomanzi Drift Town Planning Diagram
    11. 1 732m² 101 756m² 201 908m² 301 821m² 2 909m² 102 774m² 202 1020m² 302 763m² 3 710m² 103 794m² 203 930m² 303 837m² 4 931m² 104 716m² 204 930m² 304 951m² 5 1280m² 105 738m² 205 925m² 305 701m² 6 23500m² 106 787m² 206 925m² 306 725m² 7 5365m² 107 747m² 207 1082m² 307 759m² 8 1125m² 108 874m² 208 6352m² 308 837m² 9 1125m² 109 1016m² 209 9516m² 309 1045m² 10 1125m² 110 1622m² 210 7933m² 310 825m² 11 1125m² 111 793m² 211 4931m² 311 848m² 12 1125m² 112 553m² 212 3324m² 312 4893m² 13 1558m² 113 556m² 213 10281m² 313 10774m² 14 12115m² 114 967m² 214 6599m² 314 707m² 15 700m² 115 830m² 215 7232m² 315 707m² 16 700m² 116 745m² 216 6226m² 316 707m² 17 700m² 117 873m² 217 6221m² 317 707m² 18 700m² 118 843m² 218 723m² 318 707m² 19 700m² 119 843m² 219 708m² 319 707m² 20 700m² 120 843m² 220 705m² 320 707m² 21 4468m² 121 843m² 221 700m² 321 723m² 22 743m² 122 15872m² 222 700m² 322 5947m² 23 777m² 123 951m² 223 700m² 323 1674m² 24 767m² 124 889m² 224 700m² 324 1847m² 25 700m² 125 1365m² 225 700m² 325 3834m² 26 700m² 126 794m² 226 700m² 326 2461m² 27 716m² 127 1042m² 227 755m² 327 2682m² 28 8932m² 128 1144m² 228 737m² 328 2025m² 29 11528m² 129 19840m² 229 702m² 329 2250m² 30 781m² 130 6599m² 230 701m² 330 2072m² 31 781m² 131 800m² 231 700m² 331 2246m² 32 781m² 132 843m² 232 700m² 332 2250m² 33 781m² 133 800m² 233 712m² 333 2302m² 34 781m² 134 846m² 234 761m² 334 2509m² 35 781m² 135 800m² 235 918m² 335 4190m² 36 781m² 136 846m² 236 755m² 336 5017m² 37 781m² 137 800m² 237 792m² 337 2783m² 38 781m² 138 846m² 238 893m² 338 2098m² 39 1002m² 139 800m² 239 702m² 339 2150m² 40 937m² 140 846m² 240 700m² 340 1394m² 41 937m² 141 800m² 241 867m² 341 2021m² 42 937m² 142 846m² 242 700m² 342 2242m² 43 937m² 143 800m² 243 720m² 343 2250m² 44 937m² 144 1030m² 244 705m² 344 2086m² 45 937m² 145 800m² 245 701m² 345 2454m² 46 937m² 146 973m² 246 701m² 346 2250m² 47 937m² 147 19925m² 247 723m² 347 2250m² 48 937m² 148 17097m² 248 701m² 348 2250m² 49 790m² 149 1363m² 249 728m² 349 2250m² 50 945m² 150 1433m² 250 717m² 350 2278m² 51 945m² 151 1642m² 251 711m² 351 5583m² 52 945m² 152 1000m² 252 712m² 352 1072m² 53 945m² 153 1000m² 253 704m² 54 936m² 154 1001m² 254 702m² 55 777m² 155 1001m² 255 717m² 56 904m² 156 1001m² 256 783m² 57 904m² 157 1001m² 257 720m² 58 904m² 158 1001m² 258 707m² 59 1120m² 159 1001m² 259 758m² 60 745m² 160 1001m² 260 999m² 61 700m² 161 1001m² 261 887m² 62 804m² 162 922m² 262 2002m² 63 804m² 163 807m² 263 710m² 64 804m² 164 857m² 264 710m² 65 885m² 165 951m² 265 710m² 66 864m² 166 1102m² 266 710m² 67 730m² 167 1177m² 267 710m² 68 772m² 168 1177m² 268 710m² 69 1575m² 169 1177m² 269 8651m² 70 1016m² 170 1177m² 270 2783m² 1 71 845m² 171 1177m² 271 729m² 72 1016m² 172 1143m² 272 729m² 2 73 845m² 173 1214m² 273 700m² 74 1016m² 174 2013m² 274 700m² 3 75 845m² 175 977m² 275 799m² 5 76 1010m² 176 925m² 276 1008m² 7 4 77 845m² 177 894m² 277 1026m² 78 850m² 178 1261m² 278 979m² 8 79 845m² 179 1606m² 279 1569m² 9 80 1002m² 180 946m² 280 8248m² 96 9m 10 81 845m² 181 946m² 281 10199m² 11 82 773m² 182 1453m² 282 7215m² 83 706m² 183 1067m² 283 700m² 12 16m 13 84 978m² 184 946m² 284 707m² 39 85 975m² 185 1186m² 285 702m² 40 14 86 1038m² 186 727m² 286 745m² 38 59 87 783m² 187 708m² 287 734m² 41 15 94 37 88 715m² 188 852m² 288 838m² 71 58 73 42 89 703m² 189 1040m² 289 893m² 115 16 75 95 36 77 116 90 806m² 190 1138m² 290 971m² 57 79 81 6 43 91 743m² 191 908m² 291 944m² 17 97 114 35 82 70 98 56 92 730m² 192 1045m² 292 738m² 72 100 117 44 74 18 83 102 93 1176m² 193 908m² 293 740m² 76 34 104 113 78 55 94 1176m² 194 856m² 294 740m² 45 80 106 99 84 118 10.5m 19 93 33 95 893m² 195 908m² 295 740m² 101 54 103 46 112 96 22757m² 196 856m² 296 798m² 85 20 5.5m 105 60 119 32 92 107 97 837m² 197 908m² 297 707m² 53 122 47 65 111 98 711m² 198 856m² 298 700m² 61 86 91 31 52 99 732m² 199 908m² 299 874m² 146 120 110 66 48 89 62 100 713m² 200 856m² 300 712m² 30 87 51 145 21 9.5m 90 144 67 109 49 88 121 63 68 50 143 22 142 148 64 108 69 141 23 140 139 24 138 PORTION 536 O.T.F. 123 137 25 UMKOMANZI DRIFT No. 1357 136 28 135 124 26 125 134 29 Diagram \"SG No.1901/1997\" 133 27 132 126 m 127 10.5 131 149 162 128 161 150 160 205 159 158 151 147 157 206 130 156 16 155 m 204 152 154 207 163 164 203 153 129 165 10.5m 201 177 166 202 167 216 215 168 176 199 169 170 200 175 173 171 197 217 178 198 172 195 9m 180 196 174 193 181 212 214 194 213 179 191 192 184 211 182 185 10.5m 210 190 189 183 186 209 188 187 218 237 238 REM OF PORTION 17 O.T.F. 219 261 260 236 UMKOMANZI DRIFT No. 1357 239 220 259 240 Diagram \"Sub Vol 241 fol. 22\" 235 221 322 258 314 241 222 321 234 257 320 242 223 233 319 262 224 243 256 232 318 225 244 231 317 255 226 2702m² 245 316 230 263 254 227 229 246 315 312 264 253 228 247 283 311 265 252 284 248 310 271 309 308 251 266 307 285 249 272 250 267 306 286 273 268 305 287 269 288 274 290 289 291 275 270 304 276 292 277 278 293 279 303 9m 294 302 282 295 301 280 281 296 300 297 298 299 325 326 323 327 353 329 16m 324 330 331 332 352 SPECIAL RESIDENTIAL 1 336 351 333 334 335 338 337 16m INTERMEDIATE RESIDENTIAL 350 344 345 346 339 349 GENERAL RESIDENTIAL 16m 343 341 340 16m 348 GENERAL COMMERCIAL 342 347 PRIVATE CONSERVATION BARBARA PARKER PLANNING CC P O Box 122 WARNER BEACH 4140 Tel: 031 904 1360 Fax: 031 - 904 1546 Email: barbara@arbourtown.co.za
    12. Umkomanzi Drift Erven Yield Summary
    13. SUMMARY 12TH SEPTEMBER 2008 PHASE 1 R 98,294,956 Sales Value ex VAT PHASE 1 SITES 1 TO 217 R/m2 Value Average Erf Average Yield PROPOSED TOTAL EXTENT NUMBER F.A.R. ZONE M2 OF SITES 1 DW / ERF 25 DW / HA 30 DW / HA FACTOR Selling Per Erf Special Residential 1 180789 195 195 0.35 162,938.60 R 31,773,026.32 R 162,938.60 1 Intermediate Residential 83555 8 210 0.35 127,192.98 R 26,710,526.32 R 3,338,797.79 26 General Residential 104122 7 313 0.75 127,192.98 R 39,811,403.51 R 5,687,343.36 45 General Commercial 1.25 Totals 368,466 210 195 210 313 718 Mother Total Residential Yield Property 800,654 718 Umkomanzi Park -Start Aug 07 CONSOLIDATE 11 Nov08 Present Erf Yield
    14. SUMMARY 12TH SEPTEMBER 2008 PHASE 2 R 105,273,575 Sales Value ex VAT SITES 218 TO PHASE 2 353 R/m2 Value Average Erf Average Yield PROPOSE TOTAL EXTENT NUMBER F.A.R. D ZONE M2 OF SITES 1 DW / ERF 25 DW / HA 30 DW / HA FACTOR Selling Per Erf Special Residential 1 73793 96 96 0.35 162,938.60 15,642,105.26 R 162,938.60 1 Intermediat e Residential 64603 9 161 0.35 127,192.98 20,478,070.18 R 2,275,341.13 18 General Residential 39098 6 118 0.75 127,192.98 15,008,771.93 R 2,501,461.99 20 General Commercia 79645 l 30 1.25 679.82 54,144,627.19 R 1,804,820.91 2655 Totals 257,139 141 96 161 118 375 Mother Total Residential Yield Property 813,431 375 Umkomanzi Park -Start Aug 07 CONSOLIDATE 11 Nov08 Present Erf Yield
    15. SUMMARY 12TH SEPTEMBER 2008 Consolidated 203,568,530.70 Sales Value ex VAT TOTAL SITESITES 1 TO 352 R/m2 Value Average Erf Average Yield PROPOSE TOTAL EXTENT NUMBER F.A.R. D ZONE M2 OF SITES 1 DW / ERF 25 DW / HA 30 DW / HA FACTOR Selling Per Erf Special Residential 1 254582 291 291 0.35 R 47,415,131.58 162,938.60 162,938.60 1 Intermediate Residential 148158 17 371 0.35 R 127,192.98 47,188,596.49 2,775,799.79 22 General Residential 143220 13 431 0.75 R 127,192.98 54,820,175.44 4,216,936.57 33 General 79645 Commercial 30 1.25 R 679.82 54,144,627.19 1,804,820.91 2655 TOTALS 625,605 351 291 371 431 Mother Total Residential Yield 1093 30 Property Commercial 1,614,085 Umkomanzi Park -Start Aug 07 CONSOLIDATE 11 Nov08 Present Erf Yield
    16. Umkomanzi Drift EIA Status
    17. UMKOMAZI DRIFT APPLICATION APPROXIMATE TIMEFRAMES FOR EIA PROCESS ITEM ACTIVITY DURATION STATUS Blue Environmental consultant’s wetland ecologist to undertake delineation and environmental 1 13 September 2007 mapping 2 Blue Environmental Consultants to prepare environmental Mapping & distribute to team 14 September 2007 14 - 28 September 3 Allow 14 days for compilation of a draft site development plan by Town Planners 2007 4 Submission of EIA Application form and landowners consent to African Spirit Trading 18 September 2007 5 Submission of EIA Application Form to Dept of Agriculture and Environmental Affairs 19 October 2007 6 Blue to Produce image of property boundary with 100m buffer, including all erven within this zone. November 2007 Obtain PO Box Addresses for Landowners within 100m of Site from Barbara Parker/rates 7 November 2007 department. 8 Obtain EIA Reference number from DAEA 29 October 2007 Obtain all Information for the initial Public Participation Process and public meeting from 28 July 2008 – 01 9 August 2008 professional team. Commencement of the Public Participation Process (PPP) starting with the publishing of notices in 04 – 08 August 2008 10 the local and provincial newspapers. Compilation and distribution of Background Information Document (BID) to all I&APs including invitation to attend public meeting. Delivery of BID to all landowners/properties within 100m of the 04 – 08 August 2008 11 boundary of the property to be developed. 12 Public Meeting 21 August 2008 13 Submission of Draft Professional & Specialist Reports to Blue Environmental (DSR) 25 October 2008 25 October 2008 - 14 Compilation of a Scoping Report and Plan of Study for EIA 10 November 2008 15 Distribution of the Scoping Report and Plan of Study for EIA to all I&APs for comment 10 November 2008 10 November 2008 - Waiting period for comments from I&APs on the Scoping Report and Plan of Study for EIA - 30 16 10 December 2008 days 1
    18. 10 December 2008 - 17 Compile Comments Response report and Final Scoping report 16 January 2009 18 Submission of the Scoping Report and Plan of Study for EIA to DAEA 16 January 2009 Waiting period for DAEA to approve Scoping Report and Plan of Study for EIA or request 16 January 2009 - 19 16 February 2009 additional information to be submitted - 30 days 16 February 2009 - 20 Undertake any additional specialist studies identified as being required during the Scoping Process 16 March 2009 Compilation of the Environmental Impact Assessment Report and Draft Environmental 16 March 2008 – 16 21 April 2008 Management Plan Distribution of the Environmental Impact Assessment Report and Draft Environmental 22 16 April 2009 Management Plan to all I&APs for comment 16 April 2009 – 1 23 Waiting period for comments from I&APs on the EIA Report - 45 days June 2009 Inclusion of comments from I&APs on the Environmental Impact Assessment Report (EIR) and 1 June 2009 – 15 24 June 2009 Draft Environmental Management Plan in the EIR Submission of the Environmental Impact Assessment Report and Draft Environmental 15 June 2009 – 30 25 Management Plan to DAEA & Waiting period for DAEA to accept EIA Report & Draft EMP or July 2009 request additional information to be submitted - 60 days (possibly 45 days). Waiting period for DAEA to grant authorisation for EIA Application i.e. receipt of a RoD - 45 days. 30 July 2009 – 14 26 September 2009 (could be 14 days) 14 September 2009 27 Publishing of Notices of Environmental Authorisation allowing 30 days for appeal. – 14 October 2009 28 Appeal period on Environmental Authorisation expires. 14 October 2009 Condition or RoD may request an Operational EMP to be compiled and submitted to certain Note Government Departments for comment and ultimate approval by DAEA. 2
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