Kiama Council has received 15 expressions of interest (EOI) from developers for the purchase of its Akuna St holding.

Tomorrow, Council will proceed with a selective tender, where four shortlisted parties from the EOI will be invited to tender for the sale.

Details of the submission requirements and assessment criteria for selective tendering will be made available to the shortlisted tenderers by direct invitation.

At this stage, Council has not decided whether it will released the names of those on the shortlist.

The tender period will be for 21 days, with the tenders due on 26 May.

Council's tender review panel will then assess the tenders and make a recommendation to CEO.

A report on the tender outcome will be prepared for confidential discussion at the 28 June Council Meeting, where the sale will be endorsed.