Tag Archives: Conflict of interest

Dunedin real estate, seriously?

Names. Companies. How long is a piece of string.

### ODT Online Fri, 6 Feb 2015
Business
Fined $17,000; appeal lodged
By Simon Hartley
Three members of Dunedin’s Sievwright real estate family and employer Edinburgh Realty have been censured and collectively fined more than $17,000 for “unsatisfactory conduct” by the Real Estate Agents Authority (REAA). The decision, published last week, is under appeal by the Sievwrights and Edinburgh. Barclay Sievwright and sons Lane and Clayton were censured for “unsatisfactory conduct” and fined $3750. Edinburgh Realty was similarly censured and fined $6000. Another real estate agent, Matthew Shepherd, was censured.
Read more

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### ODT Online Fri, 6 Feb 2015
Business
Real estate agent fined, censured over commission; decision appealed
By Simon Hartley
Dunedin real estate agent Tim Barnett has been censured and fined by the Real Estate Agents Authority (REAA) – a decision which is under appeal – over commission on a more than $700,000 commercial building. The decision, released last week, found “unsatisfactory conduct” against Mr Barnett. He was fined $2000 and required to undergo further training. Mr Barnett, of Tim Barnett Realty, declined to comment when contacted because the decision was under appeal.
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Related Posts and Comments:
5.2.15 Dunedin median house prices down
19.1.15 Housing affordability in this country is “just hopeless” –Hugh Pavletich

Posted by Elizabeth Kerr

3 Comments

Filed under Business, Media, Name, New Zealand, People, Property

QB 2014 gongs of ill-repute #Hudson COI = MNZM

(via ODT) Mon, 2 Jun 2014
Southern Queen’s Birthday Awards recipients

paul-hudson copyPaul Hudson
Dunedin
Services to business and the community

Paul Hudson (65), of Port Chalmers, said that he was “humbled and honoured” for the recognition of his involved with commerce, local government and the community in Dunedin for 50 years.
He worked for Cadbury Fry Hudson between 1973 and 1996 and, as managing director, led Cadbury’s transition to conducting its worldwide business from centralised locations.
He held elected positions on Port Chalmers and Dunedin City Councils between 1980 and 2013, including deputy mayor on both councils.
He was chairman of Dunedin City Holdings, Citibus-Dunedin Transport Ltd and Citiworks, and a board member of City Forests, Aurora Energy and Delta Utility Services.
He was chairman of Dunedin City Holdings for 18 years, when shareholder funds increased from $100,000 to more than $150 million and distributions to Dunedin City Council totalled more than $280 million.
He was council appointee for the Otago Theatre Trust, Dunedin Public Art Gallery Society and its acquisitions committee and the Dunedin Town Hall Organ Trust.
He was appointed treasurer to the Otago branch of the Save the Children Fund 50 years ago. “This was the beginning of my lifelong interest in serving the community.”
The service to the community included work for Port Chalmers Kindergarten, the Aramoana Trust, Regent Theatre, the Otago Arts Society, the Dunedin Council of Social Services and the Dunedin Community House Trust. “My involvement with the establishment of Community House, my early years in Save the Children Fund and various roles and involvement in local government have been very satisfying,” he said.

[ends]

DECLARATION
“I, Paul Richard Hudson, do solemnly declare I did not squander ratepayers’ money for the chance to receive specific mention in the freshly minted report of the Office of the Auditor-General’s investigation into Delta (2014). Nor at any time did I place or declare my Conflicts of Interest ahead of my ability to be judge and jury at DCHL and other council-owned companies, so to infuriate Warren Larsen (Report, 2012). I did not personally receive ANYTHING by way of payment for termination of lease of restaurant space in the Municipal Chambers. And, I am not at all obsequious, a fence-sitter — or, make that slimy.” … “Honest.”

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8.11.13 DCHL, long wait for review (Larsen sighs)
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7.7.13 DCHL changes lack transparency —where’s the report, Shale?
30.10.12 DCHL ‘run by a bunch of fools’ -agreed
26.10.12 DCHL borrowed $23 million to bail DCC
26.10.12 DCHL: New directors for Aurora, Delta, City Forests
17.10.12 DCC on DCHL, subsidiaries and DCTL
12.10.12 DCHL, subsidiaries and DCTL
30.8.12 Dunedin City Council seen by Fairfax Business Bureau deputy editor Tim Hunter
7.8.12 DCC, DCHL, debt, democracy (and professional rugby)
20.12.11 Delta and the GOBs #DCHL #DCC
28.10.11 DVML, DVL and DCHL annual reports
16.9.11 DCHL and subsidiaries: shuffling, no real clean out?
13.8.11 Ridding DCHL of conflicts of interest, Otago business monopoly ‘by director’, and other ghouls
9.2.11 DCC and DCHL, was there ever any doubt?
7.10.10 The time has come for biffing out
7.7.10 DCC, DCHL, CST, DVML, DVL?
22.10.09 DCHL chief executive replies to critics

Posted by Elizabeth Kerr

33 Comments

Filed under Business, DCC, DCHL, DCTL, Delta, DVL, DVML, Economics, Hot air, Media, Name, New Zealand, ORFU, People, Politics, Project management, Property, Site, Sport, Stadiums, What stadium

ODT Online: ‘Gone, deleted, it never happened, Councillor’

All is safe, RT. We know nothing!

Elizabeth @ What if? Dunedin
Submitted on 2013/02/10 at 12:39 pm | In reply to Hype O’Thermia.

This one sent to http://www.odt.co.nz/opinion/opinion/244913/do-maths-stadium-costs hasn’t aired, thrown into the ghost bucket, I guess:

Public accountability, arithmetic
Submitted by ej kerr on Sat, 09/02/2013 – 6:49pm

There’s reason to be grateful to members of the public quickly leaping on superficialities put out by the councillor, as ‘spokesman’ for the DCC on the loss making stadium.

The city council in its wisdom formed a series of shells to ‘see through’ the stadium project; these have resulted in a lack of transparency in governance, a resounding loss of accountability, and multiple opportunities for potential misrepresentation to citizens and ratepayers.

The cumulative bid to foster acceptance in the community for ‘intergenerational debt’ being loaded on citizen ratepayers – as if ‘sustainable’, as if ‘logical’, for future fortunes to be made and shared – was/is a highly immoral behaviour that council politicians are ultimately responsible for.

At the Milton Hilton rests a flag-waver to a board’s lack of diligence and knowledge of its own accounting systems. We don’t need another flag waver, councillor…. not in apology to the city council’s callous disregard for financial prudence.

UPDATE 11.2.13
No longer at the Milton Hilton, the crim-flagwaver has been moved to a 4-bedroom house in “the grounds” of another HM’s establishment near Christchurch.

Related Posts and Comments:
6.2.13 Editorial bias
29.1.13 Pecuniary interest: Crs Wilson and Thomson in events fund debate

Posted by Elizabeth Kerr

19 Comments

Filed under Business, Construction, DCC, DCHL, DVL, DVML, Economics, Hot air, Media, Name, ORFU, People, Politics, Project management, Property, Site, Sport, Stadiums, Urban design

Pecuniary interest: Crs Wilson and Thomson in events fund debate

UPDATED 30.1.13

Where is DVML’s report to DCC ? Go to ODT 30.1.13

### ODT Online Tue, 29 Jan 2013
Call for new stadium events fund backed
By Chris Morris
Dunedin city councillors support a new $400,000 annual fighting fund to lure more major concerts, and the millions of dollars of extra spending that comes with them, to Dunedin.
Cr Lee Vandervis questioned whether stadium events delivered additional economic benefits or largely moved money around within Dunedin. [DVML chief executive] Darren Burden disputed the latter, citing an economic impact report on Sir Elton John’s stadium concert, estimated to have contributed $14 million to the city’s economy. The exact figure could be disputed, but with half the 35,000-strong crowd for the show coming into Dunedin from elsewhere, returns for the city were ”in that sort of ballpark”, he said.

Crs Kate Wilson and Richard Thomson agreed, saying their businesses had recorded substantial increases in turnover at the time of Sir Elton’s concert, and other businesses would, too, in future.
Go to ODT 30.1.13

Cr Syd Brown hoped the ”modest” extra investment would allow the stadium, and the city, to ”punch above our weight”. Other councillors also supported the move, including deputy mayor Chris Staynes, who said even if the economic impact of shows like Sir Elton’s was only half what was claimed, it was still ”a pretty good investment”.
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Posted by Elizabeth Kerr

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Filed under Business, Concerts, DCC, DVML, Economics, Events, Media, Name, People, Politics, Project management, Property, Site, Sport, Stadiums

Ridding DCHL of conflicts of interest, Otago business monopoly ‘by director’, and other ghouls

### stuff.co.nz Last updated 05:00 12/08/2011
Council votes to revamp City Holdings
By Wilma McCorkindale – Southland Times / D Scene
The Dunedin City Council has voted to accept radical recommendations in a confidential report that slams governance of its holdings company. Mayor Dave Cull last night said the council was seeking legal and accounting advice on how it could implement the measures suggested by the report’s author, governance and business leader Warren Larsen. Mr Larsen suggests a radical overhaul of governance of the council-owned holdings company Dunedin City Holdings Ltd and a review of the “fit” of its subsidiary companies to council requirements.

The Dunedin City Holdings board should be “entirely reconstituted”, it said, recommending three externally sourced directors for an initial three-year term. All should be independent and drawn from a New Zealand-wide recruitment search, initially beyond the Otago region. Ideally, there should be an increase in the pool of women directors and “younger, high-potential, competent directors”.

Read more

Posted by Elizabeth Kerr

49 Comments

Filed under Stadiums

D Scene broke the news

Register to read D Scene online at
http://fairfaxmedia.newspaperdirect.com/

### D Scene 3-8-11
Lights, camera… (page 1)
The spotlight has been turned on the Forsyth Barr Stadium. The new venue is under scrutiny not just because it is being officially opened on Friday, but because a major row has erupted over servicing Dunedin City Council’s debts – including money intended to fund the stadium project.
See pages 3, 5 and 21. #bookmark

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Grand stadium opens (page 3)
By Wilma McCorkindale
Dunedin is invited to the opening of Forsyth Barr Stadium on Friday. At an early morning ceremony, the facility will receive a formal Maori blessing and Prime Minister John Key will do the official opening honours. Media and dignitaries are expected to attend the hour-long 7am event, which will unveil the facility, the only multi-purpose arena in the world with a fixed roof and a natural grass turf.
{continues} #bookmark

What the stadium means to me now – Bev Butler (page 3)
For me, the physical reality of the stadium is a constant reminder of a divided community…It has never added up, financially, as a prudent project for the council to spend money on. The consultants’ reports told us so. Even David Davies, Dunedin Venues Management manager, has admitted that the stadium’s “bread and butter” will be “conferences and meetings”.
{continues} #bookmark

What the stadium means to me now – Malcolm Farry (page 3)
While controversy may continue to cause debate over the coming year or two, there is no doubt that history will show this achievement to be a milestone in the development of Dunedin and the region…The benefits in economic impact, quality and vibrancy of life will be seen to be a major step forward.
{continues} #bookmark

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Solutions would be tabled along with the two reviews at the next full council meeting set for Wednesday, August 10.

Council living beyond means (page 5)
By Mike Houlahan ad Wilma McCorkindale
Dunedin City Council (DCC) is in damage control this week in the wake of revelations last Friday it was facing a financial crisis. In an early evening press release, mayor Dave Cull announced an $8 million funding annual revenue shortfall, revealed in two internal reviews tabled at the previous day’s Finance, Strategy and Development Committee meeting. The reviews, one by the council’s Council-owned Companies (CCO) liaison group, the other by consultant Warren Larsen, found Dunedin City Holdings Ltd (DHCL) would not be able to continue paying $5 million annual dividends anticipated by council.
{continues} #bookmark

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Personality debate ignores real issues (page 20)
By Wilma McCorkindale
Dunedin Mayor Dave Cull is defending his 11th hour announcement last Friday night that the city is in financial trouble…Cull is adamant council has been trying to pin down Dunedin City Holdings Ltd (DCHL) on what dividends it could sustain, in the wake of concerns during the past year on its ability to pay out…Cull said he was among those who voiced concerns about hiking demands on council company dividends, as far back as 2008.
{continues} #bookmark

Sources close to council say the Larsen report is scathing of DCHL.

Cr refuting claims of board neglect (page 20)
Dunedin City Holdings Ltd (DCHL) Chairman, Cr Paul Hudson, is refutung claims his board neglected to clarify its ability to meet dividends expected by Dunedin City Council (DCC). Hudson said the facts had been misrepresented in a press release announcing a city financial crisis on Friday, after Thursday’s Finance, Strategy and Development Committee meeting tabled the findings of two reviews…Councillors voted it was not appropriate for him to remain in the meeting, given his DCHL role…Hudson said he spent the weekend digging out documents to back up the DCHL stance on the matter.
{continues} #bookmark

Posted by Elizabeth Kerr

13 Comments

Filed under CST, DVL, DVML, Economics, People, Politics, Project management, Site, Sport, Stadiums