Daily Archives: February 29, 2016

Healthy views Monday midnight to 6:00 p.m.

Top 12 Posts & Pages

1. Home page / Archives
2. Delta #EpicFail Noble Subdivision : If I were a rich man / Delta Director
3. Delta #EpicFail Noble Subdivision Consent : Strictly Optional
4. Jonkey a flag!
5. Delta #EpicFail Noble Subdivision : NBR interested in bidders
6. Dunedin: University students into excess alcohol, party…. #CRIME
7. Delta #NUCLEAR EpicFail —Noble Subdivision : Incompetent Contracting
8. Delta #EpicFail: Mayor Cull —Forced Sale Fundamentals 101
9. Dunedin Symphony Orchestra to former Hanover Street Baptist Church
10. CELEBRATE !!! Greater Dunedin has DIED #boombustcycle
11. Delta #EpicFail —Noble Subdivision: Cameron, Crombie and McKenzie
12. Delta: Update on Yaldhurst subdivision debt recovery

[132 posts viewed]

PuffDaddyVEVO Published on Feb 22, 2016
Puff Daddy & The Family – Auction ft. Lil’ Kim, Styles P, King Los
Directed by Hype Williams
(C) 2016 Bad Boy Entertainment

Posted by Elizabeth Kerr


Filed under Business, DCC, DCHL, DCTL, Delta, Democracy, Dunedin, Economics, Events, Infrastructure, Media, Name, New Zealand, People

Jonkey a flag!

nz-flag2 [flagz.co.nz]

Prime Minister John Key has warned if people vote against changing the flag they will not get another chance until New Zealand becomes a republic.

### radionz.co.nz Updated at 12:46 pm today
RNZ News
Has the PM mistaken himself for a flag?
By Finlay Macdonald
OPINION: To borrow a title from the late, great Oliver Sacks, we appear to have a prime minister who mistook himself for a flag.
John Key is now arguing that a vote against the silver fern flag in the March referendum is really a vote against him. He is echoing those commentators who have already tried to depict opposition to a new flag as simply anti-Key sentiment in red, white and blue drag.

Last chance to change flag before republic – PM
Only citizens should vote on flag change – NZ First

The flag debate, they claim, has been “politicised” by the Left out of bitterness and spite. Aside from their own absurd partisan assumptions, what those arguments can never address is the ideologically diverse nature of so much opposition to the Lockwood flag.
How else to explain the informal alliance of lifelong republicans and ageing anti-establishment boomers with monarchists and RSA traditionalists? If anything unites these camps it seems less likely to be a shared loathing of the prime minister than a nose for what you might call a false dichotomy – an unnecessary choice between two inadequate options.
Because you can say a lot of bad things about the alternative flag, but probably the worst is that it makes the current flag look good.
Read more

Related Posts and Comments:
14.11.15 New Zealand Flag: 1000s of public submissions ignored by panel…
25.9.15 New Zealand Flag —symbolism
28.2.15 Campbell Live | TXT POLL: Does NZ need a new flag?

Posted by Elizabeth Kerr



Filed under Business, Democracy, Design, Economics, Events, Geography, Heritage, Media, Name, New Zealand, NZRU, People, Pet projects, Politics, Project management, Sport

Delta #EpicFail Noble Subdivision : NBR interested in bidders

Updated post
Mon, 29 Feb 2016 at 7:28 p.m.

The NBR (National Business Review) on Monday, 22 February 2016, featured an article by Christchurch Bureau reporter Chris Hutching, who says:

“The latest problem [for Delta] involves the Noble Park subdivision (managed by interests associated with Apple Fields) on the western outskirts of Christchurch where some of the properties are the subject of a mortgagee sale. Tenders close on February 12 and parties related to the developers and Delta are understood to be bidders.


“Another hurdle has been a series of actions by a handful of neighbours who have lodged caveats. They were the unsuccessful respondents in last year’s High Court case brought by Gold Band but have subsequently appealed. However, their cause of action may become null and void in the case of a mortgagee sale, according to another court ruling.”

█ To read the full article, go to NBR Print and NBR ONLINE subscriptions: http://www.nbr.co.nz/subscribe

Previously, What if? Dunedin sources had it that Jim Boult and Mike Coburn were back in the picture…. two names mentioned in Auditor-General Lyn Provost’s investigation and report (March 2014) on Delta’s failure with subdivisions at Luggate and Jacks Point.

In a more recent article, NBR business journalist Tim Hunter gets stuck into Delta issues – providing a general overview on concerns he has with Delta’s position to date. More is likely to follow.

The National Business Review
February 26, 2016 Page 2 Comment – Hunter’s Corner
Tim Hunter

How council company handed millions to shaky developer
The risks of local authority over-reach are again on display in Dunedin

Excerpt (closing):

The timing, size and nature of the security deals between Delta and Noble imply the council company was advancing millions of dollars in credit to Noble to finance the work.
Delta’s accounts say one counterparty defaulted on two principal sums of $6.35m and $5m, as well as other financial commitments, although it held security in the form of mortgage and general security agreements.
The implication is that Delta is owed the eyewatering sum of $11.3m by one single customer, plus interest and penalties, with the only hope of recovery being from the exercise of its security over property in the subdivision, which may or may not be worth enough to cover it. Tenders closed on a mortgagee sale on February 12.
If so, Hunter’s Corner is amazed that a council-owned company would take on work on such terms and hopes it will in future remember that ratepayers unwillingly carry the can for its cock-ups.
It should also be a reminder that councils would do well to kill off their commercial risks.

█ To read the full article, go to NBR Print and NBR ONLINE subscriptions: http://www.nbr.co.nz/subscribe

Related Posts and Comments:
● 28.2.16 Delta #EpicFail Noble… If I were a rich man / Delta Director
● 27.2.16 Delta #EpicFail Noble Subdivision Consent : Strictly Optional
● 27.2.16 Delta #NUCLEAR EpicFail —Noble Subdivision : Incompetent…
● 25.2.16 Delta #EpicFail: Mayor Cull —Forced Sale Fundamentals 101
● 24.2.16 Delta #EpicFail —Noble Subdivision: Cameron, Crombie & McKenzie
● 23.2.16 DCC: DCHL half year result to 31 December 2015
19.2.16 Delta: Update on Yaldhurst subdivision debt recovery
15.2.16 Delta / DCHL not broadcasting position on subdivision mortgagee tender
30.1.16 DCC Rates: LOCAL CONTEXT not Stats —Delta and Hippopotamuses
● 29.1.16 Delta #EpicFail —Yaldhurst Subdivision ● Some forensics
● 21.1.16 Delta #EpicFail —Yaldhurst Subdivision
21.1.16 DCC LTAP 2016/17 budget discussion #ultrahelpfulhints
10.1.16 Infrastructure ‘open to facile misinterpretation’…. or local ignore
15.12.15 Noble property subdivision aka Yaldhurst Village | Mortgagee Tender
21.9.15 DCC: Not shite (?) hitting the fan but DVL
20.7.15 Noble property subdivision —DELTA #LGOIMA
1.4.15 Christchurch subdivisions: Heat gone?
24.3.15 Noble property subdivision —DELTA
23.3.15 Noble property subdivision: “Denials suggest that we have not learned.”
17.3.15 DCC —Delta, Jacks Point Luggate II…. Noble property subdivision

● 14.5.14 (via DCC website) Larsen Report February 2012
A recent governance review of the Dunedin City Council companies was conducted by Warren Larsen.

● 20.3.14 Delta: Report from Office of the Auditor-General
Inquiry into property investments by Delta Utility Services Limited at Luggate and Jacks Point

█ For more, enter the term *delta* in the search box at right.

Posted by Elizabeth Kerr

Election Year. This post is offered in the public interest.

1 Comment

Filed under Business, Construction, DCC, DCHL, DCTL, Delta, Democracy, Economics, Geography, Infrastructure, Media, Name, New Zealand, OAG, People, Politics, Project management, Property, Resource management, Town planning, Transportation, Travesty, Urban design