Group chairman Cr Dave Cull said that at its next meeting tomorrow, the group would assess biodiversity information about the 328ha block already gathered and identify possible gaps.
Consideration would then be given as to how such gaps would be filled.
It had been suggested to him, for instance, that a historical audit of the property was needed.
"We may find that is a perfectly legitimate suggestion."
Cr Cull said the group was likely to meet or contact groups with an interest in the block's development, including Save the Otago Peninsula, which campaigned for the council to buy the block, to hear their views on the land's future.
The group did not want to preclude anybody, however, and he was happy to hear from anybody who had a suggestion.
The council bought the farmland for $2.6 million from a Maori incorporation in January.
While some $13,000 had been donated by the public towards buying the block, it was decided this money would not be used to offset the cost of purchase but for specific projects to recognise the donors' generosity.
Dunedin South member of Parliament David Benson-Pope is still pursuing the possibility that up to $1 million could come out of the new National Community Biodiversity Fund, which will allocate $4 million over two years for restoration projects protecting indigenous biodiversity on public land.
He said yesterday he was awaiting the criteria for the new fund, but would be surprised if the project did not meet them.
Much would depend on how much competition there was from other projects.
