Prospective home-owners who had paid US$ for stands in Elmswood are now being reimbursed their money at the interbank rate by Council.
This follows failure by Council to provide the promised stands after 6 years.
Marondera Mayor Simba Nyahuye confirmed the news.
Due to time, Nyahuye said they had given some prospective beneficiaries of the Elmswood stands the chance to claim back their deposits.
However, the money will be paid out at the inter-bank rate, even though residents paid in hard currency.
“The Elmswood stands issue is yet to be finalized.
“We are currently waiting for Government authorization for us to start working on the projects.
“That is work in progress.
“(However) there are beneficiaries who are no longer interested in that project.
“They are open to claim their money back.
“Those who are patient can still hold on to the Offer Letters which we gave them and we will always consider them, ”he said.
In 2015, hundreds of people were made to deposit varying amounts of money into council coffers.
They were promised residential stands in Elmswood by Marondera Council.
However, six years down the line, the project is yet to come to fruition.
Nyahuye said council had since made a resolution to allocate pieces of residential stands to the intended Elmswood beneficiaries in Hunyani Tmberlands.