FCRM Corporate Vision To Deliver the Most Memorable Leisure, Sporting and Adventure Experiences in Australia’s Unique Alpine Landscape
Maximizing the Role of FCRM Existing Ski FCRM Focus Market All Seasons Village Support & New Markets & Customer Base Enhanced New Reach Customer Drive Experience New/ I ncreased Market Visitation
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 What Does this Mean for Falls Creek • Opportunity to Embrace our Unique Points of 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”
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 outstanding 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 over 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 Leasing ◦ Bed audit ◦ New lease applications ◦ Building inspections ◦ Consent applications Transfer of head ◦ Licences lease Mortgage of head ◦ Planning lease applications Sublease Transfer of sublease ◦ Property-related Mortgage of policy work 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
Documentation to be collected to assist preparation of FCRM assess application by new lease application: reviewing information provided . If Tenant • Application Form information is satisfactory, FCRM enquiry • Company ASIC extract prepares recommendation paper to be • Company Constitution presented to the Planning & Land Tenant will be directed to • A list of all parties with a vested interest in the property Management Committee (PLMC). www.fallscreek.com.au/Prop • Building Code of Australia report (BCA) erty for forms and • Essential safety measures report (ESM) preliminary information. • Bushfire risk assessment report (CFA) • Design and siting guidelines report (DSG) Tenant is invited to discuss • Vegetation management plan (VMP) FCRM present application process and proposal meet • Business plan to PLMC for review and with FCRM. • Development plans consideration, and to FCARMB for approval . • Building Valuation • Public Liability Insurance FCRM organise lease: Draft lease document Lease document finalised Lease (signed by Request Ministerial generated by FCARMB’s between the parties. tenant) forwarded to Approval in Principle, solicitors and provided to Tenant provided with new Minister for Approval. site valuation, lease tenant for review. Lease and Deed of plan. Advertise Surrender of existing application. Lease for execution. Lease (signed by tenant and Fully-executed Lease and FCARMB’s solicitors issue fully- Once Lease has registered, a Minister) and Deed of Deed of Surrender issued to executed Lease to Land copy of registered Lease is Surrender executed by FCARMB’s solicitors. Victoria for registration. provided to FCRM and the FCARMB. tenant for their records.
Que Questions to ask yo your urselves 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?
Collect information 1. Prepare application 2. FCRM assess application 3. FCRM present application 4. FCRM organise lease 5.
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
Guide Only Level of Conditions for Conditions for Lease term development continuation of new existing developments developments and/ or use and current use • • Value of current development Capital outlay in excess of Special cases More than 51 years on site plus capital outlay for $8million considered on a • refurbishment / Development to optimum redevelopment in excess of level case-by-case basis • $8million Detailed business case and for exceptional • Development to optimum financial evaluation required • level Exceptional circumstances levels of • Detailed business case and must exist • financial evaluation required Land allocation subject to development and/or • Exceptional circumstances public competition process public benefit must exist • Public notification process • Consideration of past performance of tenant / standards of occupancy
Guide Only Level of Conditions for Conditions for Lease term development continuation of new existing developments developments and/ or use and current use • Currently developed to an • Capital outlay in excess of Optimum level of Up to 51 years optimum level and / or $8million development: 100% • Committed through formal • Development to optimum agreement to refurbishment / level of SISP redevelopment of the site to • Land allocation subject to an optimum level within a public competition process specified timeframe and/or to • Detailed business case and additional benefit through financial evaluation required special conditions / • Comprises extensive multi- requirements of the Board seasonal or permanent • Detailed business plan residential use • Comprises extensive multi- seasonal or permanent residential use • Public notification process • Consideration of past performance of tenant / standards of occupancy
Guide Only Level of Conditions for Conditions for Lease term development continuation of new existing developments developments and/ or use and current use • Currently developed to an • Development to high level High level of Up to 45 years high level and / or • Detailed business plan development: 75% • Committed through formal required agreement to refurbishment / • Land allocation subject to a to 99% of SISP redevelopment of the site to public competition process 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
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