Council is currently undertaking a divestment process to sell its Blue Haven Bonaira residential aged care facility, Independent Living Units (ILUs) and other community service operations located or run from the site (Lot 2 DP 1215276, 14A Bonaira Street, Kiama)
In August, Council sought expressions of interest (EOI) from interested approved aged care providers. This EOI closed on 12 September 2023.
Council established a Tender Evaluation Panel (TEP) whose task it was to review the submissions that were received and form a shortlist of interested parties, with a view that the shortlist of organisations would then be invited to participate in a select request for tender process.
Evaluation criteria outlined in the EOI document covered both qualitative and quantitative information. This includes:
- indicative financial offer
- financial capacity of the applicant
- strategic relationship or intent of the applicant regarding the Kiama LGA
- the applicant’s care service model and cultural synergies
Council is currently finalising the EOI evaluation process after which time the shortlisted parties will be invited to formally tender for the purchase of Blue Haven Bonaira.
This process is anticipated to commence before the end of October and is intended to enable Council to make a decision on the sale before the end of the year.
To assist with this process, Council has engaged Industry specialists StewartBrown Advisory to provide professional assistance in the Divestment Process as well as Maddocks Lawyers to oversee the process from a probity perspective.
Council acknowledges that having this process resolved as quickly as possible is in the best interests of residents. However, this sale is complex compared to other asset sales and this may impact when the sale can and will be finalised.
An overview of the process and where Council is up to is shown visually in the diagram below. Council will continue to provide further updates to residents as more information becomes available.
17th Oct 2023