Cherkassy City Council expects in 2011 to get 21 mln USD from the sale of land under existing facilities, free sites, as well as lease rights to land, including through auctions, according to a press release from the City Council. "We have seen that auction off land for individual construction profitable. For example, last year at one of these auctions cost of the land area of about 6 hectare has increased by almost half. In 2008, auction sale of three plots of land has expanded the city budget by 340 thousand UAH ", - the press service quoted Sergei Odaricha mayor.
According to him, this year scheduled land auctions, which sell the property of 13 vacant lots for a total area of 130 hectare for construction of houses. And almost all plots are in the same neighborhood "Glade".
S. Odarich also noted that the authorities Cherkassy in 2011 will continue the practice of selling rights to lease land. According to him, for the city budget, this option is the best, because city officials are owners of land receive lump sum from the sale of land, and every year - rents.
According to the report, on the whole city to auction off the right to lease for 17 sites, 12 of them - is the land under the commercial stalls in the complex with excellent public transport. Also on auction will be on display right to lease land for parking in the south-western region, for placing the production of plastic windows and commercial office space.
Cherkassy City Hall in 2009 introduced the practice of auctioning the rights to lease land. According to the results of auctions in 2009 gorbyudzhet received more than 588 thousand UAH, and in 2010 - more than 910 thousand UAH.