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237E: Compensation for taking of esplanade reserves or strips on allotments of less than 4 hectares
or “Money is given to owners if the council takes more than 20 metres of land near water on small pieces of property.”
You could also call this:

“Money paid to owners when the government takes land for parks on big properties”

When you divide a piece of land that is 4 hectares or larger, you might need to set aside some of it as an esplanade reserve or strip. An esplanade is a strip of land along the edge of a water body. If you have to do this, the local council (called a territorial authority) must pay you for the land they’re taking. This is called compensation. The council has to pay you unless you agree not to be paid. This rule applies no matter how wide the esplanade reserve or strip is.

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Next up: 237G: Compensation

or “The government pays landowners money when it takes their big waterside properties for public use.”
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Part 10 Subdivision and reclamations
Esplanade reserves

237FCompensation for taking of esplanade reserves or strips on allotments of 4 hectares or more

  1. Where any esplanade reserve or esplanade strip of any width is required to be set aside or created on an allotment of 4 hectares or more created when land is subdivided, the territorial authority shall pay to the registered owner of that allotment compensation for any esplanade reserve or any interest in land taken for any esplanade strip, unless the registered owner agrees otherwise.

Notes
  • Section 237F: inserted, on , by section 124 of the Resource Management Amendment Act 1993 (1993 No 65).
  • Section 237F: amended, on , by section 250 of the Land Transfer Act 2017 (2017 No 30).