Dear Beagle Editor,
Further to my letter published in your paper on 19th August, I have received advice from TCorp that they did not advise Council the following matters were ‘commercial in confidence’. They further suggested that I make application under GIPA to extract this information:
Question 3. What is the current rate of interest on this loan?
Council Response: The terms and duration of the loan are Commercial in Confidence as verified by TCorp. Beagle readers might be interested to know that Council paid $3.3 million in interest on loans in 2015/2016.
Question 4. What is the current balance of this loan?
Council Response:The terms and duration of the loan are Commercial in Confidence as verified by TCorp.
Is this another matter to be investigated? While on the subject of "possible porkies" There appears to be a conflict of information about the freehold land that the bowling club sits on. We have all read the Catalina Country Club Ltd.2015 - 2016 Annual Report that says the land is burdened by a riparian corridor and that this was was highlighted as a contract killer when they tried to sell the property. In their report they clearly say "This corridor restricts development within 40 metres of the high water line and resulted in a 30 percent reduction in available land and that the Catalina Country Club was in negotiations with another possible purchaser. The annual report very clearly states "During these negotiations a riparian corridor was highlighted as a contract killer... The deal fell through...." but a council staff member claims that 'they lied". So who do we believe. The Catalina Country Club annual report or an off-the-cuff comment by a Council staff member. Time to explore exactly what can be built on the freehold land and just how valuable it is. The Mayor has requested another valuation of the property. Let's see how it all stacks up when the riparian buffer, the bridge, sea level rise, dodgy infill and sand base to work with as well as increased traffic are factored in. Name and address supplied
A stack of pork pies