Daily Archives: October 29, 2012

DCC consolidated debt substantially more than $616m to June 30, 2012

Your council doesn’t want you to know that.
Massage. Lack of accountability.

### ODT Online Mon, 29 Oct 2012
Council debt to peak at $600m
By Chris Morris
The Dunedin City Council and its companies are about to reach the top of a $600 million debt mountain and start down the other side. However, it was likely to be years before there was room on the council’s books for any major new projects, potentially leaving the council exposed if “something untoward came along”, Mayor Dave Cull said.

Council figures showed consolidated debt – spread across the council and its companies – had risen to $616 million by the end of the 2011-12 financial year on June 30, including core council debt of $216 million.

Overall debt was expected to peak in the next eight months, but would then begin a gradual decline as two decades of major capital projects and upgrades came to an end. The details are contained in the council’s latest annual report, for the year to June 30, to be considered at today’s full council meeting.
Read more

Dunedin City Council
Meeting: Monday, 29 October 2012
Council Chamber, Municipal Chambers, at 2pm

Agenda – Council – 29/10/2012 (PDF, 118.9 KB)

Report – Council – 29/10/2012 (PDF, 1.1 MB)
Approval and Adoption of Annual Report

Other reports

At ODT Online:

This is what we owe
Submitted by russandbev on Mon, 29/10/2012 – 10:09am.
Based upon the $616m debt figure, which is not necessarily the correct level of debt, each ratepayer owes $10,807. Compare this to Kaipara where a debt level of $4,395 per ratepayer was considered to be unsustainable and a commissioner was appointed by Government. This Council is out of control and does not yet recognise that the decision to build the stadium based on the PWC proven falsehoods was wrong, and by the continued pouring of money into keeping it open makes no sense whatsoever.

Posted by Elizabeth Kerr

10 Comments

Filed under Business, DCC, DCHL, DVL, DVML, Economics, Media, Name, Politics, Project management, Property, Site, Sport, Stadiums

Govt to open up more land for houses

Twenty years ago the average price of a house cost around four times the average income but now it is nearly double that.

### tvnz.co.nz 5:30AM Monday October 29, 2012
‘No silver bullet’ for housing affordability crisis – PM
Source: ONE News
Prime Minister John Key says fast tracking the supply of land should help solve the current housing affordability crisis. The long-awaited housing plan is due to go before Cabinet today to be signed off, seven months after the Productivity Commission released a report on housing affordability. […] “The sorts of things the Productivity Commission is talking about, and the Government’s going to adopt, is how do we speed up the supply of land so that’s both what we call greenfields, paddocks sitting out there that you extend the urban limit, and secondly brownfield development, so that’s where you don’t have a lot of intensification in a certain area but you allow that to happen more quickly.” […] The soaring price of property has been blamed on a shortage of availability, and Key told TVNZ Breakfast this morning that changing the Resource Management Act (RMA) to speed up the development of land will help solve the supply and demand issue. He said the RMA process at the moment it is often arduous and long – to the detriment of the consumer.
Read more + Videos [Link not available]

New Zealand Productivity Commission
http://www.productivity.govt.nz/

“We’ve got to be careful about Government not blundering in here too much into council business because we don’t understand all the local issues.”

The Government plans to change local government legislation and the Resource Management Act to make it easier for developers to build houses. Finance Minister Bill English wants to make more land available for housing – and to speed up consent processes. [Today] he will take a paper to Cabinet, outlining a response to a Productivity Commission report on housing affordability. Finance Minister Bill English said the cost of building is too high and there is a supply shortage, particularly of good quality, lower priced housing.
DOMINION POST

“The Government owns $15 billion worth of houses, and, in most cities, the best opportunities … [are] on the government-owned Housing Corp land.”

Tackling the high cost of home ownership:
* Government will work with councils on urban planning to make it easier to build houses on “greenfield” sites outside city boundaries and on “brownfield” sites within cities.
* Further Tamaki Transformation-style redevelopments of state housing assets will be done.
* Changes will be made to the Local Government and Resource Management Act to make it easier, quicker and cheaper to build houses.
* Building costs will be reduced through work on the Building Act.
NZ HERALD

### radionz.co.nz Monday 29 October 2012
Morning Report with Geoff Robinson & Simon Mercep
07:15 Government to change rules to make houses more affordable
The Finance Minister, Bill English, has indicated that changing the planning and consent process is among the changes. (4′57″)
Audio | Download: Ogg Vorbis MP3 | Embed

### radionz.co.nz Monday 29 October 2012
Morning Report with Geoff Robinson & Simon Mercep
08:12 Cabinet to decide today to relax planning rules for housing
The Cabinet will decide today on changes aimed at making new houses more affordable. (3′13″)
Audio | Download: Ogg Vorbis MP3 | Embed

### radionz.co.nz Monday 29 October 2012
Nine To Noon with Kathryn Ryan
11:07 Politics with Matthew Hooton and Josie Pagani
Talking today about the Governments response to the productivity commission. (24′02″)
Audio | Download: Ogg Vorbis MP3 | Embed

Posted by Elizabeth Kerr

28 Comments

Filed under Architecture, Business, Construction, DCC, Design, Economics, Geography, Heritage, Media, Name, People, Politics, Property, Town planning, Urban design