Please be careful when considering cash settlements if your land is subject to hazards. The revised District Plan may render your land un-usable. The district plan will identify where repairs or rebuilds are allowed and where no development is allowed.
http://www.stuff.co.nz/the-press/business/the-rebuild/9678151/City-urged-to-take-harder-line
CCC has legal obligations to follow the New Zealand Coastal Policy Statement 2010 –
The District Plan is Councils ability to limit development in natural hazard areas
This opinion provides advice on the potential liability councils may face as a result of re-drawing hazards lines/zones in coastal areas and flood plains. The advice covers liability risk for councils in terms of the RMA, Building Act and for general information requests under LGOIMA, PIMs and LIMs. The advice also addresses the question of what defines ‘best available information.’
See legal opinion here.
http://www.lgnz.co.nz/home/our-work/our-policy-positions/environment-and-regulation/natural-hazards/
This is likely to affect hundreds if not thousands of homes in Christchurch.