Flood displaced residents in Auckland are worried about how their homes will be valued for a shared buy out scheme, with the council admitting it still has no idea what formula it will use. In June the Cyclone Recovery Minister revealed basic details of a voluntary buy -out funded by the government and councils, for owners of category three properties that are at risk of future extreme weather and are too unsafe to return to. After missing an earlier deadline the government and council are still negotiating how the bill be will split. Auckland council's Group Recovery Manager Mat Tucker expects an agreement will be reached by the new deadline at the end of the month. But he concedes a valuation formula could be a lot further off. [embed] https://players.brightcove.net/6093072280001/default_default/index.html?videoId=6331590398112