FCRM Corporate Vision To Deliver the Most Memorable Leisure, - - PowerPoint PPT Presentation

FCRM Corporate Vision

To Deliver the Most Memorable Leisure, Sporting and Adventure Experiences in Australia’s Unique Alpine Landscape

Maximizing the Role of FCRM

FCRM Focus

All Seasons New Markets New Reach Drive New/ I ncreased Market Visitation

Existing Ski Market

& Customer Base

Village Support & Enhanced Customer Experience

Alpine Resorts Strategy

• Current Policy – 2020 Alpine Strategy
• Review Process Undertaken in 2012
• Alpine Resorts Strategy Review
• Current Status
• Key Themes
• What Does this Mean for Falls Creek….

Alpine Resorts Strategy

• Opportunity to Embrace our Unique Points
• f Difference
• Accentuate the Resort’s Natural

Attributes:

• Most Diverse Snow Sports/ Snow Activity Base
• Only Resort with a Substantial Body of Water
• Unique Altitude Training
• Massive Potential to Become Australia’s Cycling

“Mecca”

What Does this Mean for Falls Creek

FCRM Development Plans

Continued Winter Focus on Alpine & Nordic Sports

FCRM Development Plans

Four Stage $2 million Mountain Bike Trails

FCRM Development Plans

Altitude Training

FCRM Development Plans

FCRM Development Plans

Lake and Foreshore Development

FCRM Development Plans

Cycling Master Plan

FCRM Development Plans

Nature Based Tourism – Alpine Crossing

Planning & Leasing I mpacts

• Falls Creek is recognised as having
• utstanding all seasons potential
• The long term impact of climate change is

considered undeniable

• Opportunity exists for stakeholders to

grow with the Resort

• Change will be “Generational”
• Take into account On Going Trend Analysis

Master Planning

• I n light of the Alpine Strategy Review,

FCRM Board is undertaking the development of a comprehensive review of its Master Plan

• This will involve Stakeholder Consultation
• ver the Next 6-12 Months
• FCRM actively encourages participation.

Final Word

• We are all part of an Exceptional Resort

with unlimited all seasons potential.

• FCRM is committed to fostering cooperative

partnership with its Stakeholders.

• This partnership can only operate if both

parties “buy-in” to the vision.

 Property

• Bed audit
• Building inspections
• Licences
• Planning

applications

• Property-related

policy work

 Leasing

• New lease applications
• Consent applications

 Transfer of head lease  Mortgage of head lease  Sublease  Transfer of sublease  Mortgage of sublease

8 key points

 Existing leases to New lessees  I mprovements  Length of lease term  Standards of occupancy  Rental and valuations  Strata leasing regime  Registration of leases  Contemporary conditions and consistent

documentation

Once Lease has registered, a copy of registered Lease is provided to FCRM and the tenant for their records. Tenant enquiry Tenant will be directed to www.fallscreek.com.au/Prop erty for forms and preliminary information. Tenant is invited to discuss process and proposal meet with FCRM.

Documentation to be collected to assist preparation of new lease application:

• Application Form
• Company ASIC extract
• Company Constitution
• A list of all parties with a vested interest in the property
• Building Code of Australia report (BCA)
• Essential safety measures report (ESM)
• Bushfire risk assessment report (CFA)
• Design and siting guidelines report (DSG)
• Vegetation management plan (VMP)
• Business plan
• Development plans
• Building Valuation
• Public Liability Insurance

FCRM assess application by

reviewing information provided . If information is satisfactory, FCRM prepares recommendation paper to be presented to the Planning & Land Management Committee (PLMC).

FCRM present application

to PLMC for review and consideration, and to FCARMB for approval.

FCRM organise lease:

Request Ministerial Approval in Principle, site valuation, lease

• plan. Advertise

application. Draft lease document generated by FCARMB’s solicitors and provided to tenant for review. Lease document finalised between the parties. Tenant provided with new Lease and Deed of Surrender of existing Lease for execution. Lease (signed by tenant) forwarded to Minister for Approval. Lease (signed by tenant and Minister) and Deed of Surrender executed by FCARMB. Fully-executed Lease and Deed of Surrender issued to FCARMB’s solicitors. FCARMB’s solicitors issue fully- executed Lease to Land Victoria for registration.

What do you see as your role in Falls Creek? What contribution do you make to the Village? How can it be improved? How would you envisage your relationship developing over the term of the lease?

Que Questions to ask yo your urselves

1.

Collect information

2.

Prepare application

3.

FCRM assess application

4.

FCRM present application

5.

FCRM organise lease

 I nformation required

• Application form
• I nformation about tenant
• Reports (BCA, ESM, CFA, DSG, VMP)
• Business plan
• Development plans
• Building valuation
• Evidence of insurance
• Scope of Works & Building cost information

 Reasons we require this information

• Assists tenant in planning future works
• Determines lease type, term and conditions

I nformation Required Business plan

 Positioning within the Resort  Trend Analysis  Customer/ Member analysis  Marketing  Use of technology  Desired Outcomes  Marketing Strategy

 Your resources

• Alpine Leasing Policy
• Resort Management
• Your consultants
• Other stakeholders

 Features of an outstanding application

• Projections of future income and expenditure
• Detailed plans – showing before and after
• Bednight trend analysis
• Understanding of market segmentation

 Tenant’s compliance with existing lease

• Historical position of tenant
• Financial history
• Accommodation condition
• Environmental considerations

 Public and economic benefit

• Retail, social and sports activity
• Annual activity/ accommodation
• Employment levels
• Financial outlay
• Business plans
• Participation in Resort initiatives and events

 Strategically I dentified Site Potential (SI SP)

• Based on Alpine Resorts Planning Scheme

 A1 area of Village: 40% site coverage, 11 metre height maximum (15 metre height approved if only 33% of roof area)  A2 area of Village: 60% site coverage, 15 metre height (18 metre approved if only 33% of roof area)  A3 area of Village: No specified site coverage, 15 metre height (18 metre approved if only 33% of roof area)

The SI SP calculation is a guide only for determining lease term

Level of development Conditions for continuation of existing developments and current use Conditions for new developments and/ or use Lease term

Special cases considered on a case-by-case basis for exceptional levels of development and/or public benefit

• Value of current development
• n site plus capital outlay for

refurbishment / redevelopment in excess of $8million

• Development to optimum

level

• Detailed business case and

financial evaluation required

• Exceptional circumstances

must exist

• Public notification process
• Consideration of past

performance of tenant / standards of occupancy

• Capital outlay in excess of

$8million

• Development to optimum

level

• Detailed business case and

financial evaluation required

• Exceptional circumstances

must exist

• Land allocation subject to

public competition process

More than 51 years

Guide Only

Level of development Conditions for continuation of existing developments and current use Conditions for new developments and/ or use Lease term

Optimum level of development: 100%

• f SISP
• Currently developed to an
• ptimum level and / or
• Committed through formal

agreement to refurbishment / redevelopment of the site to an optimum level within a specified timeframe and/or to additional benefit through special conditions / requirements of the Board

• Detailed business plan
• Comprises extensive multi-

seasonal or permanent residential use

• Public notification process
• Consideration of past

performance of tenant / standards of occupancy

• Capital outlay in excess of

$8million

• Development to optimum

level

• Land allocation subject to

public competition process

• Detailed business case and

financial evaluation required

• Comprises extensive multi-

seasonal or permanent residential use

Up to 51 years

Guide Only

Level of development Conditions for continuation of existing developments and current use Conditions for new developments and/ or use Lease term

High level of

development: 75% to 99% of SISP

• Currently developed to an

high level and / or

• Committed through formal

agreement to refurbishment / redevelopment of the site to an optimum level within a specified timeframe and/or to additional benefit through special conditions / requirements of the Board

• Detailed business plan
• Public notification process
• Consideration of past

performance of tenant / standards of occupancy

• Development to high level
• Detailed business plan

required

• Land allocation subject to a

public competition process

Up to 45 years

Guide Only

Level of development Conditions for continuation of existing developments and current use Conditions for new developments and/ or use Lease term

Moderate level of

development: 40% to 74% of SISP

• Currently developed to a

moderate level and / or

• Committed through formal

agreement to refurbishment / redevelopment of the site to a significant level within a specified timeframe and/or to special conditions / requirements of the Board

• Detailed business plan
• Public notification process
• Consideration of past

performance of tenant / standards of occupancy

• Development to moderate

level

• Detailed business plan

required

• Land allocation subject to a

public competition process

Up to 35 years

Guide Only

Level of development Conditions for continuation of existing developments and current use Conditions for new developments and/ or use Lease term

Low level of development: 25% to 39% of SISP

• Currently developed to a low

level and / or

• Committed through formal

agreement to refurbishment / redevelopment of the site to a significant level within a specified timeframe and/or to special conditions / requirements of the Board

• Detailed business plan
• Public notification process
• Consideration of past

performance of tenant / standards of occupancy

• Development to low level
• Detailed business plan

required

• Land allocation subject to a

public competition process

Up to 21 years

Guide Only

Level of development Conditions for continuation of existing developments and current use Conditions for new developments and/ or use Lease term

Minimum level of development: Less than 25% of SISP

• Currently developed to a

minimum level and / or

• Detailed business plan

required

• Public notification process
• Consideration of past

performance of tenant / standards of occupancy N/A

Up to 10 years Negotiated level of development

• Permanent ongoing

residential occupation

• Consideration of past

performance of tenant / standards of occupancy

• Permanent ongoing

residential occupation

Up to 40 years

Guide Only

The PLMC may reduce the requested lease term based on the guidelines set

• ut in the Alpine Leasing Policy

 Planning and Land Management Committee

(PLMC)

• Accept.
• Returned to tenant with a request for further

information

 Board

Which Lease is for you?

 Currently we offer 4 types of leases:-

 Tenancy at Will:

When your existing lease expires, the holding over provisions prevail, until a new lease is entered into

 Standard Alpine Lease: No development

 Development Lease: Development works < $400K

A schedule will be added to the lease called Schedule 3 and outlines the agreed scope of works and

• timeframes. The threshold of development works for a Development Lease $400K and less

 Agreement to Lease: Major Development > $400K

The ATL will outline the scope of works and timeframes and once these have been satisfied the lease will

• commence. The Standard Alpine Lease is attached to the ATL and forms part of the complete agreement.



Not e e t hat t he e St andard Alpine e Lea ease e has been een approved ed by t he e Minist er er and w ill only be e neg egot iat ed ed in ex excep ept ional ci circu cum st ance ces.



When w w ill I get m m y l lease? When all works are completed.



When i is com plet ion? When you have satisfied all requirements of the planning and building permits, including landscaping.



How can I be sure t he lease w ill be grant ed? The Agreement to Lease is a binding contract. The proposed Lease, signed by the Minister, is annexed to the agreement. A certificate of completion certifying that all works are satisfactorily completed will trigger the commencement of the new Lease.



Will I pay rent and out goings during t he period of t he Agreem ent t o Lease?

• Yes. You will pay site rent and service charges in the usual manner.



Who is responsible for t he sit e during t he period of t he Agreem ent t o Lease? The Tenant/Developer/You are fully responsible for the site and will be required to maintain public liability insurance policy in the usual manner.



Can I sel sell apart m en ent s s or m y int er erest est in t he e Lea ease se during t he e Agreem eem en ent t o Lea ease se per eriod? Yes, you could contract to sell interests in the same manner as “off the plan” sales. However, you will not be able to settle a sale until completion of the works.



How w ill I be e able e t o arrange e finance e for t he e dev evel elopm en ent if I don’t have e a lea ease se yet et ? You should contact your lender prior to committing to the development. The Agreement to Lease is a binding contractual document that can be used as security for finance.



W hat happen ens s if t he e w orks s are e not com plet et ed ed by t he e due e dat e? e? You may lose the entitlement to the grant of the Lease and the Board may take enforcement steps.



W ho pays s t he e cost st s s asso ssociat ed ed w it h t he e Agreem eem en ent t o Lea ease? se? In accordance with the Alpine Leasing Policy, the tenant pays costs associated with preparation of documentation, including costs of surveyed Site Plans and Valuation Reports.



W ho dec ecides es w hat w orks s are e req equired ed? You will submit development proposals to the Board and the Board will consult with you through the application phase to reach agreement on the nature and scope of works.

 Site valuation  Site plan  Advertising  Request Ministerial Approval I n Principle  Draft lease and or Agreement to Lease  Sign lease and or Agreement to Lease  Stamp and register lease

 Agreement to Lease and Schedule 3

• bligations
• Deadlines
• Consequences of not meeting deadlines
• Planning permit application
• Financing

 Building Standards report

• Frequency of inspection for report
• Reason for report

Top tips – new lease application Deadlines – new lease application Life after new lease application