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Valoración de Iberdrola S.A.: Conclusión final

Tasa de descuento apropiada para los FCF

5.2.5. Valoración de Iberdrola S.A.: Conclusión final

New works are those works that create a new asset that did not previously exist, or works which upgrade or improve an existing asset beyond its existing capacity. They may result from growth, social or environmental needs. Assets may also be acquired at no cost to the Council from land development. These assets from growth are considered in Section 4.4.

5.5.1 Selection criteria

New assets and upgrade/expansion of existing assets are identified from various sources such as councillor or community requests, proposals identified by strategic plans or partnerships with other organisations. Candidate proposals are inspected to verify need and to develop a preliminary renewal estimate. Verified proposals are ranked by priority and available funds and scheduled in future works programmes.

Selection and weighting of new assets will be provided in accordance with the hierarchy rating system where a Category A Reserve for example will receive priority for both development and services. An example of recommended typical general summary of the asset classes are listed in table 5.5.1 below. Please be aware that work on the recommended Development and Service standards are a work in progress and table 5.5.1 represents work done to date. A completed table will be incoroporated into future Asset Plan.

Table 5.5.1 New Assets Priority Ranking Criteria

CAT

Category:

Development Standards:

A

Foreshore

Reserve

(Special)

The “Special” Category refers to Foreshore Reserves with ‘State’

Significance that will not be bound by the ‘development standards’ of

other categories, and would be developed in accordance with a Master

Plan exclusively for the specific site (Service Standards would be

developed exclusively for each site).

Foreshore Reserve (Special), includes

Colley Reserve

Wigley Reserve

Mosley Reserve

B

Foreshore

Reserve

(Regional)

The Foreshore Reserve “Regional” Category refers to Reserves that cater

for both regional and local passive recreation and use. They are situated

on the Foreshore, and have a high level of facilities to cater for visitors

from inside and outside of the Council Area. The facilities, ‘development

standards’ and ‘service standards’ would be somewhat equivalent to a City

Reserve, with the exception that the TQVS (Turf Quality Visual Standard),

would be higher.

Foreshore Reserves (Regional), include Reserves like;

Angus Neill Reserve

Bindara Reserve

John Miller Reserve

Jimmy Melrose Park

Kingston Historic House Grounds

Kingston Park Coastal Reserve

Tarniwara Park.

Wattle Reserve

Development Standards (min. facilities), include;

Irrigated Public Open Space (IPOS) – TQVS >=3

Toilet (Unisex or M/F)

Drinking Fountain

Playground (caters for both Junior & Intermediate use)

Rubber soft fall

BBQ (1-2 x)

Table & Chairs Sets (1-2 x)

Seats (1-2 x)

Shade Structure

Bins (1-2 x)

Hard Stand Area (for ball games)

Trees / Plantings & Mulched Areas

Bicycle Parking

Lighting (solar / LED optional)

Signage

Pathways

Subject to location (& existing facilities) – A Tennis Court or Basketball

Court may exist, but is NOT required for this Category (consultation would

determine whether Courts would be retained in the longer term).

C

City Reserve

The “City Reserve”, refers to a Reserve with a high level of facilities, which

is not situated on the Foreshore and caters for passive recreation and use

by both locals & visitors to the City.

City Reserves, include Reserves like;

Da Costa reserve

Dover Square Reserve

John Mathwin Reserve

Old Gum Tree Reserve

Partridge House Gardens

Patawilya Reserve

Seaforth Park

Sutherland Park

Development Standards (min. facilities), include;

Irrigated Public Open Space (IPOS) – TQVS <=3

Toilet (Unisex or M/F)

Playground (caters for both Junior & Intermediate use)

BBQ (1 x)

Table & Chairs Sets (1 x)

Seats (1 x)

Shade Structure (Optional)

Bins (1 x)

Hard Stand Area (Optional)

Trees / Plantings & Mulched Areas

Subject to location (& existing facilities) – A Tennis Court or Basket Ball

Court may exist, but is NOT required for this Category (consultation would

determine whether Courts would be retained in the longer term).

D

Local

Reserves

The ‘Local Reserves’, refers to a Park that is primarily for passive local use, situated within a suburb and used extensively by persons living within

that suburb, it is usually within a short walking or cycling distance to of

residential properties within a particular suburb.

Local Parks, include Parks like;

Baddams Green

Dulcie Perry Park

Fordham Reserve

Gemmell Green

Good Neighbour Gardens

Graymore Park

Mel Baker & Alf Smedley Reserve

Parkinson Reserve

Susan Grace Benny Reserve

Paringa Park Reserve

Sandison Reserve

Development Standards (min. facilities), include;

Irrigated Public Open Space (IPOS) – TQVS <=4

Playground (caters for Junior use only)

Rubberised Softfall

Seats (1 x)

Bins (1 x)

Trees / Plantings & Mulched Areas

Paved Areas

E

Local Park

The ‘Local Park’, refers to a small Park that is used by locals for passive

use, it is situated within a suburb and has limited facilities other than Turf.

Pocket Parks, include Parks like;

Blackburn Avenue Reserve

Bob Lewis Reserve

Gregory Reserve

Jack Chaston Park

Development Standards (min. facilities), include;

Irrigated Public Open Space (IPOS) – TQVS <=4

Seats (1 x)

Bins (1 x) (Optional)

Fencing (Optional)

Trees / Plantings & Garden Beds

Local Parks Includes locations like;

Blackburn Avenue Reserve

Bob Lewis Reserve

Gregory Reserve

Jack Chaston Park

Kiwanis Park

Lewis Square

Lions Park

Shannon Ave

Stewart Reserve

Cnr Wheatland / Kauri

Other side Bowker – Brimble St

Old Brighton Bowling Club

Brighton Tennis Crt

Rossal Rd Reserve

Singleton Rd

Minda Road reserve

F

River/Foresh

ore

Turfed

Bank

A River/Foreshore Turfed Bank will be used (passively) by both Visitors to

the Area & Locals. The TQVS should be >=3. Facilities including seats and

BBQ’s will vary dependent on location/situation and the location of the

same should be guided by a Master Plan.

Development Standards (min. facilities), include;

Irrigated Public Open Space (IPOS) – TQVS >=3

Includes locations like;

Adelphi Terrace Grassed Area

Patawalonga Banks

G

Open Space /

Natural

Environment

Open Space / Natural Environment includes those locations which are not

maintained on a regular basis or to encourage growth of natural grasses

etc. are slashed 1-2 x per year.

Includes locations like;

Barton Gulley

Gilbertson Gully Reserve

Pine Gully

H

Sporting

Complex

Sporting Complex Category refers to all locations which cater organised active sport and recreation (but may be used for passive recreational use

also). They are Arenas which attract regional use and must cater for locals

and visitors. They will not be bound by the `development standards` of

other categories, and would be developed in accordance with a Master

Plan exclusively for the specific site. (Service Standards would be

developed exclusively for each site).

Sporting Complexes include:

Glenelg Oval

Brighton Oval

Bowker Oval

I

Cemetries

Cemetries include:

St Judes

Brighton

J

Other

Other refers to those Assets not previously itemised in these listings.

Other would include:

Ringwood House

Les MacDonald Scott Reserve

Cygnet Court

Patawalonga Lock

ZigZag – Seacliff

Folkestone Rd Reserve

Brighton Bowling Club

Holdfast Bay Bowling Club

Kauri Pde Tennis Courts

Seacliff – Closed Road

Brooklyn Ave – Adelphi Cres

Kauri Pde Road Reserve

Davenport Tce Plantation

Hindmarsh St Walkway

Highet Ave Road Reserve

5.5.2 Standards and specifications

Standards and specifications for new assets and for upgrade/expansion of existing assets are the same as those for renewal shown in Section 5.4.2.

5.5.3 Summary of future upgrade/new assets expenditure

Planned upgrade/new asset expenditures are summarised in Fig 6. The planned upgrade/new capital works program is shown in Appendix C. All costs are shown in current 2011dollar values.

Fig 6. Planned Capital Upgrade/New Asset Expenditure

New assets and services are to be funded from Council‟s capital works program and grants where available. This is further discussed in Section 6.2.