ODT 19.8.16 (page 10)
– purple text overlay by whatifdunedin
### ODT Online Fri, 12 Aug 2016
‘Dangerous mess’ addressed, remedied after 2011 review
By Dave Cull
OPINION Claims that council-owned companies are out of control and lack transparency (ODT, 5.8.16 and the editorial 6.8.16) are sadly ill-informed, lack business understanding and worse, threaten the ratepayers’ asset value. […] Ratepayer-owned companies are more expertly governed and more comprehensively examined and reported on than ever before.
E X P E R T L Y ● G O V E R N E D
M O R E ● C O M P R E H E N S I V E L Y ● E X A M I N E D
E N T I R E L Y ● L A U G H A B L E
Related Post and Comments:
● 12.8.16 DCC trifecta : openness, transparency, accountability —All dead?
R E P E A T ● R E P E A T
█ Delta Utility Services Ltd (“Delta”) has been joined in a constructive fraud action brought by original Landowners/Caveators of the Noble Subdivision application at Yaldhurst, Christchurch.
Very substantial multimillion-dollar losses caused to Dunedin Ratepayers (on Mayor Cull’s shift) stem from Delta’s decision in 2009 to involve themselves in the illegal and unconsented subdivision. This all follows multimillion-dollar losses (about $14M) suffered by Ratepayers as a consequence of Delta’s involvement in the Luggate and Jacks Point subdivisions.
On Monday 1 August, we had absolute Confirmation that the city council is Not transparent —the Council blindly followed (without proper or worthy documentation; no diligence done by Councillors; no thoroughly independent legal advice to Council) the manipulations of Mr Crombie, DCHL chairman, assisted by the head of DCC Finance Committee, Cr Thomson, threading a ‘long’ story to seal a bad ‘Delta’ deal.
ODT reported (3.8.16): ‘Deal designed to help Delta’s bad debt woes’. This deal, “to help Delta recover a $13.4million bad debt from a stalled Christchurch subdivision”, unfortunately, fails to give DCC control over the whole Noble subdivision, which DCC could have secured for relatively little financial outlay (as Advised by What if? Dunedin in emails to all Councillors; and of course by the Caveators), resulting in generous profits in a longer time frame.
So the Old Boys have conspired once more to use Rates funds to line the pockets of those they would work with and protect, this time at Yaldhurst —Not named by DCHL/Delta : The Buyer of the subdivision. [which may include Delta types]
The ODT editorial (6.8.16) rightly states: “Delta has a history of secrecy and limited transparency, stretching back many years to the time it was a council department.”
As our correspondent Christchurch Driver says in a recent post (8.8.16): “Delta, for the third time, [has] created a stinking financial mess … Ratepayers now know that [Dave Cull] is unfit to be Mayor and has not a shred of any concern for the interests of Ratepayers but is simply part of the Dunedin establishment who protect each other.”
█ For more, enter the terms *delta*, *noble* or *epic fraud* in the search box at right.
Posted by Elizabeth Kerr
Election Year. This post is offered in the public interest.
*Image: Dave Cull tweaked by whatifdunedin