Foxton Beach Freeholding Account
The Foxton Beach Freeholding Account (the Freeholding Account) was set up when Horowhenua District Council succeeded the Manawatu Borough Council in 1989.
What became the Freeholding Account came from land (leasehold payments) endowed by the Crown under the Reserves and Other Lands Disposal Act 1956 to the Manawatu County Council as the Corporation administering and controlling the land after the Harbour Board's abolition in 1955.
Horowhenua District Council decided it would be wise to develop a strategy in consultation with the Foxton Beach community to guide the use of the fund to ensure that the considerable sum of money available from the lease, freeholding and sale of the original land, additional land purchased and other investment return by the fund is used in a way that meets the legislative requirements of the endowment and provides for the wellbeing of the inhabitants of Foxton Beach. How this account is managed is set out in the Foxton Beach Freeholding Account Policy.
Foxton Beach Freeholding Account Strategy and Policy
The Foxton Beach Freeholding Account Strategy and Policy applies to the current and future use of the Foxton Beach Freeholding Account (also known as the 'Foxton Beach Endowment Fund') and was developed in consultation with the Foxton Beach community.
The current Strategy and Policy were adopted by Horowhenua District Council on 7 October 2009 and are now under review as of May 2023. Any Council agendas, reports or papers relating to the review will be published on this page.
Foxton Beach Freeholding Account Strategy & Policy (October 2009)(PDF, 166KB)
The financial results for the Foxton Beach Freeholding Account will be published on this page.
Foxton Beach Freeholding Account - Financial Results to 31 March 2023(PDF, 250KB)
Foxton Beach Freeholding Account - Financial Results to 28 February 2023(PDF, 60KB)
Foxton Beach Freeholding Account - Financial Results to 31 January 2023(PDF, 243KB)
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