Christchurch City Council : Highly Dubious Entity #YaldhurstSubdivision

Subject: Ongoing Property Dispute at Yaldhurst Subdivision

Christchurch City Council held a full council meeting on 27 July 2017.

Readers, the CCC meeting video of Agenda item 26, about Yaldhurst Subdivision, is recommended viewing/listening.

Legal advice to Council is given by Rob Goldsbury, CCC Head of Legal Services – an atrociously lacklustre, unjust and obstructive performance.

The Council stupidly steps itself into (again!) the Constructive Fraud Action being progressed at the Christchurch High Court by Residents/Caveators of the Yaldhurst Subdivision. Although, we see that Councillors supposedly have no idea they’re already in it up to their eyeballs through the actions of Council staff and issues of non-compliance. Interesting.

Christchurch City Council Published on Jul 26, 2017
Christchurch City Council VIDEO
27.07.17 – Item 26 – Yaldhurst Village Subdivision – Dedication of Road – Sir John McKenzie Avenue

The video continues at about 1:26 after a preliminary silence [muted blue screen] – keep watching. The quality of picture is poor throughout. The discomfort of those seen in the public gallery is most perceptible.

Meeting Agenda and Unconfirmed Minutes follow here below – minus Attachment A, Yaldhurst Village Lots 601,613 Plan.

The Council did not vote unanimously.

The Halswell-Hornby-Riccarton Community Board motion was lost.

With the second motion, in short, the Council resolved that Lots 601 (residential) and 613 (commercial) on LT 448725 will be dedicated under Section 349 of the Local Government Act 1974 as a road, in order for the road to vest.

The resolution goes against the Residents’ private property rights.

See the previous post to refresh on the Residents’ situation.

Note, by the votes for, the dishonesty and incompetence present.

Note, by the votes against, the integrity of those supporting the Community Board and members of their community: the private property owners (the Residents), in their protracted, brave and courageous fight against an unjust malevolent council staff working in cahoots with unscrupulous developers.

Vicki Buck is a class act.
Rob Goldsbury, an utterly shameful man.

****

Christchurch City Council
Agenda

Notice of Meeting:
An ordinary meeting of the Christchurch City Council will be held on:

Date: Thursday 27 July 2017
Time: 10.05am
Venue: Council Chambers, Civic Offices,
53 Hereford Street, Christchurch

….

[agenda item]
Halswell-Hornby-Riccarton Community Board

26. Yaldhurst Village Subdivision – Dedication of Road – Sir John McKenzie Avenue ………. [page] 529

[the report]
Council
27 July 2017

Report from Halswell-Hornby-Riccarton Community Board  – 13 June 2017
 
26. Yaldhurst Village Subdivision – Dedication of Road – Sir John McKenzie Avenue
Reference: 17/733313
Contact: Richard Holland richard.holland@ccc.govt.nz 941 8690
 
Note that this report was left to lie on the table at the Council meeting on 6 July 2017.
 
1. Staff Recommendations
 
That the Halswell-Hornby-Riccarton Community Board recommend to the Council:

1. That Lots 601 (residential) and 613 (commercial) on LT 448725 will be dedicated under Section 349 of the Local Government Act 1974 as a road, in order for the road to vest.

2. Note that a Deed of Indemnity will be executed by Infinity Yaldhurst Limited which will indemnify and keep indemnified the Council from all actions, proceedings and claims made by any land owner in relation to the Council accepting the dedication of Lots 601 and 613 on LT 448725, as road.

3. Also note that the Council shall not be required to issue a Section 224(c) Certificate under the Resource Management Act 1991 in respect to Lots 601 and 613 on LT 448725 until all the safety audit requirements as specified by the Council, and included in the Variations of the subdivision consent, have been physically built to the Council’s satisfaction.

4. That the General Manager City Services be delegated authority to negotiate and enter into on behalf of the Council, such documentation required to implement the dedication.
 
2. Halswell-Hornby-Riccarton Community Board Recommendation to Council
 
Part A

That the Halswell-Hornby-Riccarton Community Board recommend to the Council:

1. Option 2 of the staff report, namely, That the Council not agree to a dedication process and inform Infinity Yaldhurst Limited to pursue the matter through the Courts in accordance with the Property Law Act.
 
2. That the Council agree to meet with the adjoining property owners to discuss options on a way forward regarding the Yaldhurst Village Subdivision.
 
Vicki Buck and Anne Galloway requested that their votes against the above decision, be recorded.
 
Attachments
There are no attachments for this report.

Delta | Infinity | CCC staff collude to defeat Yaldhurst residents (again)

Yaldhurst Subdivision (former Noble Subdivision)

S T A T E ● O F ● P L A Y

Christchurch City Council is failing to ensure compliance with the subdivision consent and is then assisting the developer Noble/Delta – Infinity/Delta, to screw the Yaldhurst residents.

[click to enlarge]

****

About five of the affected Yaldhurst residents gave deputations to the full meeting of the Christchurch City Council on Thursday, 6 July 2017.

Prior to the meeting, the Infinity Joint Venture of which Delta is a majority partner (with its $13m gift investment from Dunedin City Council) had convinced CCC staff to sway Christchurch City councillors to vote for the dedication of private roads as opposed to vesting ownership in the Council. This in the attempt to first defeat land covenants the affected residents have over the property registered in 2003 to protect their inclusion in any subdivision. However, Land Information New Zealand (LINZ) cannot accept roads vesting in ownership with the Council when there are any encumbrances on the land – such as the residents’ covenants.

For the residents, Colin Stokes, at the council meeting, distributed to councillors a review of what CCC staff have done over the years.

Of course, as the facts flow they continue to entwine around Delta.

The residents are fighting to protect and enforce their rights in the subdivision consent; and to halt Delta and their Southern associates’ onslaught against them.

****

Received from Colin Stokes (Yaldhurst resident and caveator)
Wed, 12 Jul 2017 at 9:16 a.m.

Thanks for your ongoing support Elizabeth

Chris Hutching’s piece (The Press 10.7.17) is weak and void of facts that present our case.

● We have Land Covenants registered over all the land in 2003 to protect our inclusion in any subdivision – our specific Access Lot road has to be formed and vested to Christchurch City Council standards with CCC as a term of extinguishment of the covenants.
● The encumbrance on the land prevent vesting of roads as LINZ won’t allow roads to vest with the council with them on.
● Infinity/Delta behind closed doors with CCC staff came up with a scheme to dedicate the roads under old rules (not compliant with the RMA and the subdivision consent) so as to circumvent our covenant protection.
● The real story is that CCC is breaking rules and NOT requiring compliance with the subdivision consent so as to cheat the residents of their protection and their interests protected by that protection so as CCC and the developer can cut them out of the subdivision.
● CCC and the developer Noble/Delta – Infinity/Delta have taken conditions out of the consent, varied the consent, and permitted non-complying undersized infrastructure that makes our part of the subdivision impossible – specifically stormwater pipes and basins required on the lower lying developers’ land which is where the consent (and physical topography and site layout) requires our stormwater to go.
● CCC failing to enforce the conditions of the consent as the law requires means our Access Lot road cannot be formed, meaning we can not subdivide.
● Delta with the misuse of mortgagee powers passed the property to itself, or at least part of the property ($13.4m of an $18.35m “sale” = 73% of which $12.5m was left in the property in passing it to Infinity in the orchestrated “sale”).

[ends]

****

Prepared Summary and Review with subdivision plans as tabled at Christchurch City Council’s meeting (6 July), to assist understanding:

███ D 2017 07 04 Summary and Review of Circumvention of Covenants for Councillors Yaldhurst (16 pages)

1 Plan RMA92009135

2 Plan RMA92009135 hlite

The coloured plan shows the residents’ Access Lot between green lines going from Yaldhurst Rd and then dog-legging east to west. What is inside the yellow border is what is within the Subdivision Consent (note there is an internal yellow small 2 sites that are NOT in the consent – and 3 other of the residents’ lots in common ownership on the NS leg are not included in the consent).

It is this east west leg of the Access Lot that requires widened roading to enable the Lots each side to be subdivided pursuant to:-
– 2002 Agreements for sale and purchase (and 2008 further agreement)
– 2003 Registered Land Covenant Protection [see Summary and Review, page 1 para 2 for terms of extinguishment]
– 2009 Subdivision Consent (Condition 5 and stormwater Conditions for it 9.) [see Summary and Review, page 5 para 12]

The problem is
– the Security Sharing Joint Venture (Noble/Delta/Gold Band) SSJV designed and constructed their part of the subdivision such that it made the East West Access Lot owners (residents) parts of the subdivision impossible AND that the Council permitted this.

– Undersized stormwater infrastructure was corruptly installed without consent to NOT include the residents’ subdivisions (all the while falsely assuring residents it did).

– The stormwater is required to be on land the residents transferred to the developer in return for this stormwater and other provisions. It is required to be there for numerous reasons including physical and legal reasons;
* Residents transferred the land in return for this provision
* 2003 Land Covenants protect this land for that provision (required for the Access Lot Road to be formed and vested)
* 2009 The Subdivision Consent requires it to be on the developers’ land (Condition 9.5 which “disappeared”) [see Summary and Review, page 5 para 12 and page 10 email 16 Feb 2010]
* Residents that are part of that subdivision consent have the legal rights to the stormwater (s134 RMA) – the Council is refusing to enforce the conditions of the consent; and permitted the developer to NOT comply with the conditions.
* Land topography and layout physically requires it to go there. The land slopes High NWest to SEast Low

– Delta went ahead and constructed the infrastructure without legal consent – [see Summary and Review, page 10 email 22 Aug 2012]
* This is akin to a builder building a house without consent.
* Council failed to issue an abatement notice for works being complete without consent, and to non-complying standards.

For all the Council staff failings, and the consent holders and JV partners’ failings and corruption of making the residents parts of the subdivision impossible:-
– Delta/Infinity and Council staff are recommending to the Elected Council to vote to circumvent the residents’ Land Covenants so:-
* the residents roading and subdivisions will no longer be protected and will be impossible;
* the JV Infinity/Delta will make more profit by not having to comply with the conditions of the consent that requires the residents’ roading and inclusion (as above)
* Council staff “mistakes” and wrongdoing of permitting non-complying works and not enforcing the conditions of the consent (as required by law) will be covered up.

– Delta and DCC was the facilitator of transferring the property from the Delta/Gold Band/Noble Joint Venture to the Delta/Infinity Joint Venture.
– Delta (illegally) owned 67.5% of the 1st mortgage and controlled Gold Band through their Security Sharing JV.
– Delta’s assurances it had nothing to do with the mortgagee sale is a lie.
– Delta refused to allow Gold Band to accept offers to redeem the 1st mortgage (illegal under s102 & s103 Property Law Act).
– DCC refused to allow redemption of the 1st mortgage.
– DCC (and Delta) refused to accept assignment of the 1st mortgage when Colin Stokes and another (as parties with interests in the land entitled to redeem) offered it to them
* had they done, Delta could have registered about an additional $16m in agreements to mortgage they were sitting on
* all that was required in return was “our little road” which is a LEGAL REQUIREMENT of the subdivision consent in any event.

[ends]

As reported by The Press, the eight-year dispute involving the stalled Yaldhurst subdivision has now gone to mediation between the property owners and the developers.
The dispute has been aired in several High Court cases between the private landowners and the developers, which are continuing.

Related Post and Comments:
11.7.17 Delta has deep fingers into 8-year subdivision dispute at Yaldhurst

█ For more, enter the terms *delta*, *aurora*, *grady*, *luggate*, *jacks point*, *dchl*, *auditor-general*, *noble*, *yaldhurst* or *epic fraud* in the search box at right.

—

Posted by Elizabeth Kerr

This post is offered in the public interest.

Delta has deep fingers into 8-year subdivision dispute at Yaldhurst

Blind Justice (detail) by Beeler – Columbus Dispatch 2016 [caglecartoons.com]

****

### Stuff.co.nz Last updated 17:37, July 10 2017
Delta and Infinity’s Yaldhurst subdivision dispute at mediation
By Chris Hutching – The Press
An eight-year dispute involving developers and a group of property owners in a stalled Christchurch subdivision has gone to mediation. Late last year Dunedin City Council agreed to authorise its Delta Utilities company to refinance a $13.4 million outstanding debt to go ahead and complete the Yaldhurst development along with Wanaka-based developer, Infinity. To allow the development to proceed, Christchurch City Council staff recently recommended the unusual step of “dedicating” the access road rather than “vest” it with the council. But a representative of the private property owners, Colin Stokes, told city councillors that his group’s rights to compensation for land for the road had not been addressed. […] The dispute has been aired in several High Court cases between the private landowners and the developers, which are continuing. Most people who originally signed up to buy properties at the subdivision have pulled out and meanwhile Christchurch’s residential property market has cooled significantly.
Read more

****

Related Posts and Comments:
15.6.17 Site Notice : post(s) removal [we heard from Steve Thompson’s solicitors]
4.3.17 Christchurch housing : ‘If you build the right thing, buyers will still come’
17.2.17 Gurglars visits the Delta/Noble JV subdivision at Yaldhurst
2.2.17 Hilary Calvert complaint to Auditor-General #DCHL
30.12.16 Hilary Calvert on Deloitte report for Aurora/Delta
12.12.16 Deloitte report released #Delta #Aurora
7.12.16 Audit and Review, Deloitte
26.9.16 Delta #EpicFail —Epic Fraud #14 : The Election and The End Game revisited
22.9.16 DCC : Delta deal 1 Aug 2016 Council meeting (non-public) #LGOIMA
9.9.16 Calvert on DCC, ‘We could have a much more democratic and transparent operation of council’
2.9.16 Delta Yaldhurst : Local Opinion + Update from Caveators via NBR
18.9.16 Delta #EpicFail —Epic Fraud #13 : Councillors! How low can you Zhao ?
26.8.16 Delta #EpicFail —EpicFraud #12 : The Buyer Confirmed
24.8.16 Delta peripheral #EpicFail : Stonewood Homes —Boult under investigation
8.8.16 Delta #EpicFail —Epic Fraud #11 : The Buyer
3.8.16 LGOIMA requests to DCC from Colin Stokes #Delta #Noble #Yaldhurst
1.8.16 Delta #EpicFail —The End Game according to CD
31.7.16 Delta #EpicFail —Epic Fraud #10 : The Beginning of the End : Grady Cameron and his Steam Shovel
29.7.16 Delta #EpicFail —Epic Fraud #9 : The Long & Winding Road…. Leads Back to Delta’s Door
21.7.16 Delta EpicFail #8 : Cr Calvert goes AWOL, 23 Questions for Mr McKenzie —Saddlebags !!
19.2.16 Delta: Update on Yaldhurst subdivision debt recovery
17.7.16 Delta #EpicFail —Epic Fraud #7 : The Long & Winding Back Road
15.7.16 Delta #EpicFail —Epic Fraud #6 : What do you mean, Property Law Act ?
12.7.16 Delta #EpicFail —Epic Fraud #5 – Delta and the ghostly hand of Tom Kain
8.7.16 Delta #EpicFail —Epic Fraud #4 : Tales from the Courtroom….
30.6.16 Delta #EpicFail —Epic Fraud #3 : Security Sharing and not Caring….. who’s got that Constricting Feeling ?
27.6.16 Delta #EpicFail —Epic Fraud #2 : WWTKD – What Would Tom Kain Do ?
5.6.16 Delta #EpicFail —Noble Subdivision —Epic Fraud
13.3.16 Delta #EpicFail —Noble Subdivision : [rephrased] Conflict of Interest
11.3.16 Delta peripheral #EpicFail : Stonewood Homes and ancient Delta history
6.3.16 Delta #EpicFail —Nobel Subdivision : A Neighbour responds
29.1.16 Delta #EpicFail —Yaldhurst Subdivision ● Some forensics
21.1.16 Delta #EpicFail —Yaldhurst Subdivision

█ For more, enter the terms *delta*, *aurora*, *grady*, *luggate*, *jacks point*, *dchl*, *auditor-general*, *noble*, *yaldhurst* or *epic fraud* in the search box at right.

—

Posted by Elizabeth Kerr

This post is offered in the public interest.

Heads of Delta/ Aurora/ DCHL/ DCC out to lunch

Link received.
Fri, 28 Oct 2016 at 1:14 p.m.

### zerohedge.com Oct 27, 2016 4:01 PM
Source: sprottmoney.com (blog)
The Establishment Has Rigged the System: It’s Time to Shake Things Up
By Nathan McDonald 
Is the entire system rigged? Can we trust any of it? Yes and no. Large parts of the current “modern” day system we find ourselves living in is undoubtedly rigged against the little man. This is by design – make no doubt about it – but you should not let it rule your life. Because as history has proven time and time again, the true power lies in the people – we just don’t typically know it. The establishment is once again learning this harsh lesson. People are “waking” up at a pace that I have NEVER before seen in my life. […] The MSM has proven itself to be a powerful weapon, but its control is slipping. The alternative media are rising and rising fast. We are becoming the main source of most people’s information, proving once again my point that the power rests in the masses, not the elites.
Read more

****

****

Tonight at Channel 39 News, ODT deputy editor Craig Page tells us what’s in Saturday’s newspaper:

● More on the continuing investigation into the “Delta/Aurora saga”…. ‘neglect of repairs’ means “3000 dangerous poles in Dunedin” need to be replaced within 12 months.

[See Richard Healey’s latest comments on pole numbers at What if? Dunedin]

● DCHL chairman Graham Crombie offers “an explanation of sorts” and says there could be “consequences for Delta staff” down the track.

● Whistleblower Richard Healey “who broke the story at ODT”.

[TV3 first broke the news with Richard Healey at The Story (Newshub)]

● Chris Morris looks back at the history of Delta.

Mr Page says to expect “a lot more headlines out of it in the weeks to come”.

—

Related Posts and Comments:
27.10.16 Bev Butler says ‘Come in, Grady’ #LGOIMA #Delta
27.10.16 Delta #EpicPowerFail 3 : Rotten Poles and Greedy Algorithms
25.10.16 Delta #EpicPowerFail 2 : Plaudits to Saunders & Elder : Delta…
22.10.16 DCC struggles with Governance…. Delta/Aurora/DCHL…
21.10.16 Dunedin City Council must hang the companies out to dry
20.10.16 Delta #EpicPowerFail : Delta fulfils Adam Smith’s 1776 Prophecy
19.10.16 Grady Cameron and Graham Crombie : Eyes tightly shut #FAIL
13.10.16 COMPLETE Dis-satisfaction with DCC, DCHL, DVML, DVL, Delta….
9.6.16 Aurora Energy Ltd warned by regulator

█ For more, enter the terms *delta*, *aurora*, *epic fraud* or *dchl* in the search box at right.

—

Posted by Elizabeth Kerr

*Images: sprottmoney.com – censored | cathtatecards.com – social mendia without electricity by Leunig

Delta #EpicPowerFail 3 : Rotten Poles and Greedy Algorithms

Grady’s old poster (office)

Received from Christchurch Driver [CD]
Wed, 26 Oct 2016 at 11:10 p.m.

Readers, do you know what an algorithm is ? OK, make a brew and consider this while letting the Bells blend with the white stuff : WiseGeek advises that an algorithm is “a set of detailed instructions which results in a predictable end-state” (that’s geek for : “result”), however it also cautions that algorithms are only as good as the instructions given.

WiseGeek goes on to say that examples of the algorithmic, are instructions for assembling a model airplane, or, for the manually challenged among you, a computer programme ie simply, instructions in a set order, designed to perform a specific task….

Now, diving deeper, WiseGeek advises there are a number of different types of algorithm, with such esoteric names, as, “brute force algorithms”, “randomised algorithms”, and even backtracking algorithms (buy one of those quickly Grady !!), and my personal favourite, the “divide and conquer algorithm” (Yes Grady, Mr Crombie has bought one of those and was practising with it in today’s ODT….). Speaking of the ODT, if Vaughan Elder keeps up his sterling work, awards are beckoning for him, and deservedly so.

But the algorithm that Delta prefers and uses is the Greedy Algorithm, which is defined as an algorithm that “attempts to find not only a solution, but to find the ideal solution to any given problem”.

Now readers, stop stamping your feet, spilling the Bells and making the super wines all soggy (no madeira cake for you, ratepayers !). I understand that you don’t want to know about arcane formulas to balance electrical loads and the like, and how could algorithms possibly have anything to do with replacing rotten power poles ?

Within the “asset strategy” department of Delta – yes there is such a thing, and yes, they are six-figure inhabitants of the Delta payroll, there are some computer scientists, who have constructed a greedy algorithm to Grady’s specifications. Within the lines industry, this algorithm is the 8th wonder of the world. It can take a linesman’s power pole condition report, complete with photographs and evidence of rotten bases, and re-classify it from Condition 0 (immediate replacement) to Condition 4, 5, 6. This is a wonderful thing, because it enables Grady and his enablers to say that poles have been “rigorously tested by computer analysis”, and of course, computers are never wrong and are far more accurate than a few crusty old linesmen who only do actual visual inspection.

Your correspondent has been given information that recently, Chorus asked for permission to attach a Telecom line to an aged pole (is there any other sort in Dunedin?). The report from the field was that the pole was knackered. However, the computer had not been consulted, and the strategy department duly ran it through the algorithm, and it returned a classification of 0. Bad computer !! That was not “the ideal result !”. A bit of tough computer love ensued, and the pole was re-run through the algorithm again, and the pole re-emerged with a barely adequate rating of 2. There you go, said strategy, all fixed and ready to roll for Chorus ! “Not quite” said the people whose staff had to risk their lives getting up the pole, the pole is still had it ….regardless of what the algorithm says. Undeterred, the mad scientists of strategy ran the pole through the algorithm again and this time…. it yielded a rating of 4 ! Problem solved ! said the mad scientists, climb as high as you like – hook 10 Telecom lines on there !

The department responsible for the lines staff, then had had enough of the madness, and wrote an email that has become famous within Delta ….it said

“IF THIS POLE GETS RUN THROUGH THE COMPUTER ALGORITHIM AGAIN, THERE IS A VERY STRONG CHANCE THAT IT WILL SPRING TO LIFE AND GROW BRANCHES.”

This is the mad hatters world that Grady Cameron, Parton, Frow, Kempton, McLauchlan have created and presided over at Delta. A March hare would be envious.

If Delta had a belfry, bats would fly out of it.

[ends]

—

Related Posts and Comments:
25.10.16 Delta #EpicPowerFail 2 : Plaudits to Saunders & Elder : Delta FunnyMoney
22.10.16 DCC struggles with Governance…. Delta/Aurora/DCHL…
21.10.16 Dunedin City Council must hang the companies out to dry
20.10.16 Delta #EpicPowerFail : Delta fulfils Adam Smith’s 1776 Prophecy
19.10.16 Grady Cameron and Graham Crombie : Eyes tightly shut #FAIL
13.10.16 COMPLETE Dis-satisfaction with DCC, DCHL, DVML, DVL, Delta….
9.6.16 Aurora Energy Ltd warned by regulator

█ For more, enter the terms *delta*, *aurora*, *epic fraud* or *dchl* in the search box at right.

—

Posted by Elizabeth Kerr

This post is offered in the public interest.

*Image: slidesharecdn.com – design open badges University College London | overlay: perdue.edu – utilitypolelodging, tweaked by whatifdunedin

Delta #EpicPowerFail 2 : Plaudits to Saunders & Elder : Delta FunnyMoney

Received from Christchurch Driver [CD]
Mon, 24 Oct 2016 at 11:08 p.m.

Readers, we must again raise our teacups – yes, a bit of condensed milk would be nice, makes the shareholder revenge all the sweeter ! – to Vaughan Elder of the ODT, who rose to the What if? challenge, and lifted the lid (25.10.16) on some astounding revelations at Delta : Management “instructing” staff not to deal with urgent, “compromised” poles but instead, continue with programmed pole replacement. The following is the intellectually threadbare accounting intellect practised by Grady Cameron and the directors (and others) : We only have X funds allocated, and those funds have to replace Y poles and Z number of urgent compromised poles. No one knows the number of Z, but everyone knows Y because we have to publish it in our public records. Therefore we will continue with non-urgent Y, because if we reduce it awkward questions we can’t be bothered answering will be asked, and we will just defer – yet again – urgent work. She’ll be right. There’s not that many Z number poles falling down – we’ve just made a resolution that they are within our risk tolerances – no one’s been killed yet (Oh yes, Steelo, shame about that) – moving on – pass the madeira cake with the almond icing over here will you Trevor ?

Readers, it does appear that Nigel Saunders has confirmed that Delta management are telling staff to break the law, and refusing to put it into writing. Mr Saunders wrote in a memo “line supervisors are currently acting on a verbal instruction only which no-one seems to be willing to back up in writing, and if something goes wrong we all know what happens next”. What happens next in the event of an accident, is that Grady would solemnly pronounce that Procedures Have Not Been Followed, and Immediate Disciplinary Action Has Been Taken, and We Are VERY Sorry About the Failure By Line Staff To Follow Clear & Comprehensive Delta Regulations. (Code: Nothing to do with me, NOT MANAGEMENT’S FAULT….). That Mr Saunders had to put this in a memo and put his neck on the line shows what a toxic, dysfunctional place Delta has become.

If we were in any doubt that Delta and Aurora must be terminated, it came with Mr Saunders next revelation, that even when compromised poles are stabilised the solution actually involved waratahs and number 8 wire. Delta and Aurora must be the laughingstock of the lines industry.

The depth of the arrogance and cynicism displayed by Grady Cameron and directors Parton, Frow, Kempton and McLauchlan towards the shareholders is nowhere more evident than the 2016 accounts :

The directors gave Grady Cameron a massive pay rise for failing to meet 5 of the 8 Financial Objectives set by the Delta board last year; but Grady says in the report “we have increased shareholder equity with a prudent approach to risk and revenue growth”, and we get the euphemism meter off the scale as Grady attempts to explain why operating cash flows, the life blood of the business, are down from the forecast $9.974M to just $3.439M. Grady came up with this pearler, “Operating cash flows were $3.4M for FY16, below the forecasted $10M, due to temporary differences in the timing of receipts from customers.” Grady, would those “customers” be effectively just ONE customer, and would that customer have been Noble Investments, and is the temporary difference in timing, your sub-truthful way of saying that Delta will not receive all of its expected funds until, as the DCHL chairman admitted, until 2024 ? Shall we expect to see this disgraceful quarter truth featuring in your reports until 2024 ?

As well as the debacle over the cash flow, Grady and Delta failed spectacularly on the debt : The objective was debt at $21.728M, but debt is at….$29.165M, which is over $2M MORE than last year, ($26.5M), when Grady was singing the same cheerful song, all is well, we have our debt well in hand.

The truly depressing thing, is that if we look at what 3 financial objectives Delta did achieve, there is no cause for celebration there either :

Net Profit : achieved (just) $4.67m, vs objective of $4.61M. Now as any accountant knows, with turnover of $100M, it will not be hard to adjust the average $8.5M work in progress (WIP) to get whatever profit figure you want, within reason, so we should take no comfort that the $4.67M is a real figure, but that it might suffer an embarrassing reversal next year. (Remember readers, “I’ll be gone, you’ll be gone”…. that refrain in the boardroom must be getting louder….)

Capital Expenditure : Delta achieved its “target” of not spending MORE than $6.421M, by only spending $4.101M. This is an odd measure to gauge the health of a capital intensive business – to gauge how LITTLE the company spends on essential assets needed to perform their work efficiently. It shows the company is very constrained and has almost no capital base of liquid funds or retained earnings to use for capex.

Finally, Dividends : Yes, The target $2.5M DCHL dividend was achieved, because once again, the debt levels went up $2.7M to accommodate this, from $26.5M last year to $29.2M. Directors, if you want to deny this, show us, don’t tell us, and by the way, where is the “Investment in Financial Instrument” of $2.19M recorded as an asset ? Back to the dividend, at $5,000 each, this would have given Dunedin 500 new power poles and a much safer electrical environment. Grady, for all your faff about your environmental performance (heard the news, fleet fuel consumption down from 9.68 to 9.62 l/100km!) – what about the ratepayers’ street environment who have to dodge hundreds of your disgraceful poles with fear and trepidation. The fear and trepidation will soon belong to you – because there will be some waste management of the management waste, to coin a phrase, and it will involve “recycling” you to an “out of region facility”, and “recycling” those dismal directors back to their day jobs.

[ends]

—

Related Posts and Comments:
22.10.16 DCC struggles with Governance…. Delta/Aurora/DCHL…
21.10.16 Dunedin City Council must hang the companies out to dry
20.10.16 Delta #EpicPowerFail : Delta fulfils Adam Smith’s 1776 Prophecy
19.10.16 Grady Cameron and Graham Crombie : Eyes tightly shut #FAIL
13.10.16 COMPLETE Dis-satisfaction with DCC, DCHL, DVML, DVL, Delta….
9.6.16 Aurora Energy Ltd warned by regulator

█ For more, enter the terms *delta*, *aurora*, *epic fraud* or *dchl* in the search box at right.

—

Posted by Elizabeth Kerr

This post is offered in the public interest.

*Image: cagle.com – cold comfort by Nate Beeler, tweaked by whatifdunedin

DCC struggles with Governance…. Delta/Aurora/DCHL in slipslidy mode

More than ever, the Mayor and Councillors look/sound totally STUPID, glib and unthought. That we didn’t ditch the whole Council in the October elections, we can punch ourselves for NOW.

Here is yesterday’s verbose media statement from Aurora Energy chief Grady Cameron. Just stick to the real facts Grady. Answer why (as a former award winning ‘young energy executive of the year’) you have unwittingly compromised Public Safety, Workplace Safety, and Industry Compliance. The Commerce Commission (the regulator) has already been on your tail – so no surprises there! Stop the blither and Man Up.

Aurora Energy urgently reviewing pole maintenance programmes
21 Oct 2016

In light of safety concerns raised earlier this week, Aurora Energy is urgently reviewing its maintenance programmes to identify if there are any outstanding safety risks not already being addressed.
“Specifically, we are re-checking that all poles needing replacement are appropriately tagged, working with the Energy Safety Service on compliance, and reviewing the rate and priorities of the existing pole repair and maintenance programme,” says Chief Executive Grady Cameron.
Aurora Energy is re-checking 2,170 poles earmarked for replacement to confirm they all have the correct safety tag in place as a visual reminder for line workers not to climb. “We are halfway through that process and will have completed remaining re-inspections in the next two weeks. This verification work started on 5 October as part of our ongoing commitment to health and safety.”
The Energy Safety Service has initiated a safety compliance audit of our maintenance programme and we are cooperating fully. It will be carrying out a compliance and safety audit, including a documentation review this month, followed by a site visit in November. “We welcome the opportunity to work with the Energy Safety Service to ensure our risk assessment for the on-going safety of our works programme is optimal,” says Mr Cameron.
By December this year, the company will have completed most of its $4 million pole maintenance and replacement programme, as set out in its annual asset management plan, and will look to allocate more funding in the second half of the year. The Board has asked for an immediate review of the timing and prioritisation of pole replacement. The Board also supports further acceleration and investment in Aurora Energy’s existing pole replacement, repair and inspection programmes to address the replacement backlog and align with industry regulations.
There are 54,000 wooden and concrete poles within the Aurora Energy network. Of these 1,181 are identified for replacement within the next three months and 1,729 for replacement in the next 12 months. Last year, Aurora Energy replaced 770 poles and carried out 8,300 condition inspections.
“Aurora Energy wants to reassure the public that the concerns about poor condition power poles and pole tagging are an urgent priority. We’ve committed more than $400 million to secure the future reliability of our network over the next 10 years,” says Mr Cameron.
Aurora Energy is New Zealand’s sixth largest electricity network, supplying electricity to 86,400 homes, farms and businesses in Dunedin and Central Otago.

[ends] Link

Or, Mr Cameron could have said we’ve failed, we’re broke, and we resign.
Royal we.

—

Has Delta’s investment in failed subdivisions come at the cost of investment in core infrastructure. Council previously briefed on backlog of maintenance work, but no indication of anything “approaching the scale that may well now be the case”.

### ODT Online Sat, 22 Oct 2016
Call for heads to roll at Delta
By Vaughan Elder
A leaked internal email has revealed Dunedin City Council-owned Delta this year stopped prioritising work on its most dangerous power poles in favour of other work. […] Delta and Aurora Energy chief executive Grady Cameron declined requests for an interview yesterday […] In the leaked email, which was sent internally last week, Delta project manager Nigel Saunders called for urgent action to address a change in policy which meant “compromised poles” no longer had to be treated as “requiring support immediately”.

Mr Saunders said the change had been stated at numerous meetings, but staff had never been given written instruction of the change.

….[Mr Cameron] did not respond to a question about whether he should resign or whether investment in infrastructure had suffered because of Delta’s failed investments, including at least $13 million in bad debt it accrued over the Yaldhurst subdivision in Christchurch. DCHL chairman Graham Crombie did not respond to a request for comment yesterday.
Read more

****

WorkSafe not advised by Delta of issues concerning pole replacement, only information had was from whistleblower Richard Healey.

### ODT Online Sat, 22 Oct 2016
Worksafe starts looking into Delta
By Vaughan Elder
Worksafe has started a safety review of Delta after a whistleblower raised serious concerns over the lines network it maintains. A Worksafe spokesman said its responsible division, the Energy Safety Service, had begun an immediate documentation audit, which would be followed by an on-site review at Delta in the middle of next month. It said its review was started following an interview with former Delta worker Richard Healey, who has raised serious concerns about the state of the network. 
Read more

—

Related Posts and Comments:
21.10.16 Dunedin City Council must hang the companies out to dry
20.10.16 Delta #EpicPowerFail : Delta fulfils Adam Smith’s 1776 Prophecy
19.10.16 Grady Cameron and Graham Crombie : Eyes tightly shut #FAIL
13.10.16 COMPLETE Dis-satisfaction with DCC, DCHL, DVML, DVL, Delta….
9.6.16 Aurora Energy Ltd warned by regulator

█ For more, enter the terms *delta*, *aurora*, *epic fraud* or *dchl* in the search box at right.

—

Posted by Elizabeth Kerr

This post is offered in the public interest.

*Image: Aurora 2015 Annual Report (detail from cover by whatifdunedin)

Dunedin City Council must hang the companies out to dry

Serious state of neglect in Aurora’s electricity network has potential to kill residents and leave Dunedin with a power crisis

—

AGAIN, why is the Otago Faily Times not taking out Grady Cameron and Graham Crombie from them there poles.

### ODT Online Fri, 21 Oct 2016
Fears poles could kill
By John Lewis
….Aurora Energy has said it would invest more money into its pole maintenance and replacement programme, and had contacted the Energy Safety Service to organise a compliance and safety audit, in a bid to ensure Aurora Energy’s infrastructure met safety requirements.
….[Richard] Healey said the Electricity Safety Act 2010 stated power poles that  were in poor condition had to be red-tagged and classified as either “Condition One  — not fit for design load” which meant it could fall down if the wind blows; or “Condition Zero — not fit for actual load”, which meant it could fall down without any environmental influences.
….“In total, there are about 3200 Condition One and Condition Zero poles. That’s a concern. The magnitude of the problem is fairly large.” [Richard Healey]
….Mr Healey said another big concern was the North City Two power cable, a 33,000 volt power cable which feeds the Dunedin city centre. The cable had been daily leaking about two litres of oil, used to insulate the cable,  for the past six years. There had been “token” efforts to find where the oil was going.
Read more + Videos

****

“In terms of proximity to schools, hospital, rest homes… it is just out of control.” –Richard Healey

Delta had not advised WorkSafe of the pole replacement issue.

### Stuff.co.nz Last updated 18:45, October 20 2016
Dunedin lines company Delta under audit after whistleblower’s claims
By Jamie Small, Hamish McNeilly and Michael Hayward
WorkSafe has started an audit of lines company Delta after a whistleblower claimed its power poles were unsafe. A WorkSafe spokesman said the “immediate documentation audit” would be followed by an on-site review of Delta in mid-November. Delta, a Dunedin and Otago lines company, came under fire after former manager-turned-whistleblower Richard Healey said its power poles were neglected and dangerous.
….The Worksafe spokesman said it was not yet known when the audit would end. Energy Safety, a division of WorkSafe, is the national regulator for electrical safety and will conduct the audit. The audit will look at Delta’s safety management system and its performance. Identification, management and replacement practices for damaged poles would be part of the audit.
….WorkSafe was unable to comment on whether other lines companies in New Zealand had similar problems with rotting poles. All major lines companies contacted by Stuff said they had no problem.
Read more

****

### channel39.co.nz Thu, 20 Oct 2016
Delta gets flack over neglected poles
A southern electricity company is under scrutiny for allegedly failing to repair and replace dangerous power poles. A random sample reportedly revealed that 99% of poles needing replacement within a year didn’t have the required red warning tags on them. Delta manages the electricity network in Dunedin and Central Otago and is part of the Dunedin City Council’s financial arm.
Ch39 article + Video

****

Earlier story, the LINESMEN’S VOICES…..

### ODT Online Mon, 12 Sep 2016
Linesmen suggest powerpoles and lines a danger
By John Lewis
Electricity linesmen say it is only a matter of time before someone is killed by Dunedin’s decaying power network, after several poles and lines were downed by strong gales last week.
….A person from the industry, who declined to be named, said he and his colleagues were becoming increasingly concerned about the safety of the city’s network, particularly following the strong gales which buffeted the area on Wednesday.
….Another anonymous person, who appears to work in the industry, agreed. They sent an email to the Otago Daily Times expressing grave concerns about the condition of the city’s ageing power poles and lines, which were being severely damaged by “years of under-investment in the Aurora network”.
Read more

—

WorkSafe New Zealand
Contact WorkSafe 0800 030 040
█ http://www.worksafe.govt.nz/worksafe

Energy Safety
Part of WorkSafe New Zealand, Energy Safety acts as the regulator for ensuring the safe supply and use of electricity and gas in New Zealand. Energy Safety is responsible for providing an effective investigation, compliance, enforcement, and conformance regime for achieving electrical and gas safety outcomes.
█ http://www.energysafety.govt.nz/

Note: On Monday 4 April 2016, the new Health and Safety at Work Act 2015 (HSWA) came into effect. HSWA repeals the Health and Safety in Employment Act 1992, with immediate effect.

—

Related Posts and Comments:
20.10.16 Delta #EpicPowerFail : Delta fulfils Adam Smith’s 1776 Prophecy
19.10.16 Grady Cameron and Graham Crombie : Eyes tightly shut #FAIL
13.10.16 COMPLETE Dis-satisfaction with DCC, DCHL, DVML, DVL, Delta….
9.6.16 Aurora Energy Ltd warned by regulator

█ For more, enter the terms *delta*, *aurora*, *epic fraud* or *dchl* in the search box at right.

—

Posted by Elizabeth Kerr

This post is offered in the public interest.

*Image: bbc.com – bear, tweaked by whatifdunedin

Delta #EpicPowerFail : Delta fulfils Adam Smith’s 1776 Prophecy

Received from Christchurch Driver [CD]
Thu, 20 Oct 2016 at 11:28 p.m.

Readers

There is no time for a Choysa tonight, we must address matters that have burst upon the national consciousness, at last.

The carefully constructed electoral feel-good fiction of Mayor Cull came crashing down on TV3 last night, like a rotten, toppling power pole crushing a car….(sound familiar, readers?). CEO Grady Cameron was a televisual train wreck, stammering, sweating profusely, looking anywhere but at the reporter grilling him, failing to answer some questions, then digging himself deeper on the ones he did answer. This train wreck must surely be a fatal one. Like all fatalities, decency would require that we look away, but there was a morbid fascination to see Grady bury himself, and his career at Delta. TV3 promised “this is not going away” and all Dunedinites who walk within 8 metres of a power pole owe a debt to TV3 for this. Unlike the sycophants at National Radio concerning the Delta “breakthrough” at Noble, TV3 couldn’t be manipulated into reporting deceptions.

And where was the ODT with this story that headlined on national news ? Nowhere. A complete silence. Editor Stewart, you make us sick. Editorial independence, never a strong point at the ODT, now looks to be completely eliminated with respect to DCC matters…. because the new CEO was the chief sidekick and enabler for the mayoral fiction that “financial dangerous messes” at DCHL and DCC were but a distant memory. In fact not only did the ODT prefer the front page ‘headline’ of an “Intimate visual recording” that ordinarily would have barely rated a paragraph in the court news, it also played a sick joke on readers by giving page 5 coverage about lightning striking a retirement village. Cynically, the article went on to acknowledge that an electrician said this wasn’t common – he knew of 6 incidents in 40 years. Delta whistleblower Richard Healey, of course, could name 6 fallen power poles that occurred within a month in Dunedin. Mr Cameron and Mr Crombie, as the ODT headline said, “A frightening bolt from the blue” … is coming for YOU.

It is clear, it seems, that all chest puffing about the tens of millions of Delta and Aurora dividends paid to DCC since the late 1990s (promoted by everyone from CEO Bidrose, DCHL Directors to Mayor Cull) was just that – puffery. Asset replacement has been deferred for a very long time, and has been aided and abetted with inept directors such as Kempton, McLauchlan, Parton, and before them, Polson and Coburn. (Note, this is a far from exhaustive list !), who either did not have the integrity to say to Council to take a hike on the dividends because the priority is a functioning electricity network, or were out of their depth, and resorted to an accounting approach and signed off on capital expenditure that bore no relation to reality. These directors expected that they would not suffer any consequences. “I’ll be gone, you’ll be gone” in the famous words of the 2015 John Kay treatise, Other People’s Money (highly recommended, readers !).

The alleged profits and dividend payments from Delta and Aurora, can be seen now as defined in the 2007 exposé, The Black Swan, as nothing more than “profits were simply cash borrowed from destiny, with some random payback time”. The directorial trick was to have departed when the music stopped and payback time arrived.

Mayor Cull must stop his bromance with the dismal Mr McLauchlan, who, as it has been pointed out in recent threads, has been present at the DCC trough for every major DCHL debacle since his appointment in 2007. Mr McLauchlan was instrumental in appointing Mr Cameron as CEO in 2009. A number of people can confirm that Mr McLauchlan told anyone who would listen in 2008 that he had found this excellent young executive, Grady Cameron, who apparently was far, far better than then present incumbent John Walsh. Another failure, Mr McLauchlan, one that has cost the city tens of millions, if not nine figures. Mr McLauchlan is on the outer at the University, and the DCC has shown some good sense by introducing director term limits so he is out next year. Mayor Cull, don’t wait for next year, show some leadership and ditch him, Kempton, Parton and Mr Crombie now. At least then you can say to the inquiry that you’ve done something. (And yes, there will be an inquiry that you will not be able to influence, unlike the another recent Delta inquiry).

The truly amazing point is that if Mr Healey’s allegations are true (and this correspondent has been given credible information that Mr Healey can prove everything he alleges), then yes-man-in-chief Grady has presided over some amazing deceptions that trump even the lies and deceptions at the Noble subdivision. How could a functioning competent and credible organisation allow the sudden and false misclassification of thousands of rotten and dangerous power poles from rotten to robust ? The answer is that Delta is dysfunctional, incompetent and corrupt and must be stripped from top to bottom.

Adam Smith said it best in 1776 :

“The directors of such companies, however, being the managers rather of other people’s money than of their own, it cannot be expected, that they should watch over it with the same anxious vigilance with which the partners in a private copartnery frequently watch over their own… negligence and profusion must always prevail, more or less”.

Time to stop the negligence and profusion of waste and incompetence, and make Delta a department of the Dunedin City Council. Cr Lee Vandervis, who has warned about the impending Delta disasters for years, and stated publicly in the election campaign that he strongly favoured a return to direct council control of Delta, has been proven to be right.

[ends]

█ For more, enter the terms *delta*, *aurora*, *epic fraud* or *dchl* in the search box at right.

—

References:

● John Anderson Kay is a visiting professor of economics at the London School of Economics and a fellow of St John’s College, Oxford University. He is a director of several public companies and contributes a weekly column to the Financial Times. In his book Other People’s Money: The Real Business of Finance (2015), Kay demonstrates “an ability to explain the role in the 2007-08 financial crisis of such concepts as credit default swaps, collateralized debt obligations and moral hazard… [He] is at his best in reminding us that the financial system is still fragile and in explaining that more regulation is not the answer… We can applaud his call for a cultural change that will enhance ethical standards and put the customer first.” —Wall Street Journal

● The Black Swan: The Impact of the Highly Improbable (2007) is a book by the essayist, scholar, philosopher and statistician Nassim Nicholas Taleb. It focuses on the extreme impact of certain kinds of rare and unpredictable events (outliers) and humans’ tendency to find simplistic explanations for these events retrospectively. This theory has since become known as the black swan theory. The book also covers subjects relating to knowledge, aesthetics, and ways of life, and uses elements of fiction in making its points. The author frequently shares anecdotes from his own life to elaborate his theories. The first edition spent 36 weeks on the New York Times best-seller list. The book is part of Taleb’s four volume philosophical essay on uncertainty, titled the Incerto.

● An Inquiry into the Nature and Causes of the Wealth of Nations, generally referred to by its shortened title The Wealth of Nations, is the magnum opus of the Scottish economist and moral philosopher Adam Smith. First published in 1776, the book offers one of the world’s first collected descriptions of what builds nations’ wealth, and is today a fundamental work in classical economics. By reflecting upon the economics at the beginning of the Industrial Revolution, the book touches upon such broad topics as the division of labour, productivity, and free markets.

—

Posted by Elizabeth Kerr

This post is offered in the public interest.

*Image: Delta 2016 Annual Report, page 63 illustration (detail tweaked by whatifdunedin)

Grady Cameron and Graham Crombie : Eyes tightly shut #FAIL

The What if? Dunedin team has received repeat ‘word’ in the last 24 months from disgruntled ratepayers and residents, as well as senior personnel inside and outside Delta Utility Services / Aurora Energy…. (Otago and Canterbury).

Whistleblower Richard Healey is not alone [Story newshub.co.nz]

That Mr Healey was “escorted from his workplace of seven years” speaks volumes about the sad-arsed top tier trougher and ‘Board of Directors’ that prop up the two Dunedin City Council-owned companies [Luggate, Jacks Point, Yaldhurst, civil construction and contract fails, property speculation, joint venture quackery and rorting, vehicle pool and equipment indulgences at mates rates and for ‘friends’, exorbitant chief executive salary rise with bonuses, top heavy over-paid management, ratepayer subsidised tender bids, a crippled if not completely broken electricity network, anyone?] ….and annual subvention payments to the multimillion-dollar-loss-making Dunedin stadium.

Does that sound competent.

Wide public knowledge of the state of the ill-managed electricity network apparently hasn’t assaulted the senses of our Award-winning young executive Grady Cameron or indeed the short and stout DCHL chairman Spongebob Crombie.

Thanks to Media Man for the tweet alert earlier this evening.

#Dunedin #NZ #Delta @whatifdunedin @clarecurranmp https://t.co/q6YGQwlb8e

— Media Man (@TheWarRoomNZ) October 19, 2016

—

“No guarantees” for the public or the workers [Story newshub.co.nz]

### newshub.co.nz Wed, 19 Oct 2016 7:25 p.m.
Source: Story at TV3
Ex-manager blows lid on ‘dangerous, toppling’ power poles
By Jendy Harper
A former manager in the electricity industry has quit his job to go public over the state of New Zealand’s power poles, which he says are toppling from neglect. Last week Richard Healey quit his job at Delta, which manages the electricity network in Dunedin and Central Otago, and was escorted from his workplace of seven years. He called Story after he left the building and said he had resigned over the rundown and unsafe state of the electricity network in his patch, and he wanted to go public about it. […] Whistleblower Mr Healey has since met with Energy Safety, a division of Worksafe, and they will follow up on the matters he has raised.
Read more + Video (full Story report)

“A decaying and dangerous network” [Story newshub.co.nz]

—

Related Posts and Comments:
13.10.16 COMPLETE Dis-satisfaction with DCC, DCHL, DVML, DVL, Delta….
9.6.16 Aurora Energy Ltd warned by regulator

█ For more, enter the terms *delta*, *aurora*, *epic fraud* or *dchl* in the search box at right.

—

Posted by Elizabeth Kerr

This post is offered in the public interest.

Delta #EpicFail : L is for (Slow) Luggate Learner and T is for Turnip.

Received from Christchurch Driver [CD]
Wed, 4 May 2016 at 12:55 a.m.

Readers, I must admit defeat. I have I think, even if I say so myself, achieved some quite good lines in my quest to succinctly describe the various acts of stupidity committed by Delta at the Noble Subdivision. But recently, an associate (probably keen to cut me down to size !) sent a piece from Fairfax by Tim Hunter, now at the National Business Review, following the Auditor-General’s report in 2014. I saw immediately I had been bested by a better scribe : He memorably described the Delta management as having “commercial acuity about as sharp as a turnip” . That I could reach such cutting brevity !! Mysteriously, no threat of defamation was forthcoming to Mr Hunter….

And as the coast is clear, to honour Mr Hunter, Delta management shall henceforth be referred to as the Delta Turnips….

Your correspondent was intrigued to read of the Lazarus like re-emergence of Luggate Park as a premium lifestyle subdivision destination of choice with prices for sections between $325,000 – $495,000. (Note, no offers are entertained – these are fixed prices say developers Willowridge !) If this goes according to plan, there appears to be a profit even larger than the reported Delta loss of $5.9M* for the enterprising Mr Allan Dippie, the latest owner of the ex Delta land.

Now, your correspondent understands that Mr Dippie may not have as many university degrees as the Delta directors, or possibly not one at all. Mr Dippie does not breathe the same rarefied directorial air as the likes of Mr Stuart McLauchlan, Mr Denham Shale and other ….directors. However Mr Dippie does know his Central Otago subdivision market very well, and further knows that land development sometimes has to be viewed long term, the way a Japanese banker views the deadbeat property loans they made in Tokyo in the 1980s that are still underwater. That is, if you still own the asset you haven’t lost anything, and time will do its work and lift values. The critical thing is to have the courage of your initial convictions, and stay the course. Yes, yes, I know, the Japanese banks are still waiting, but no waiting is required, it seems, in Luggate.

Readers, take a good long draught of Choysa : Delta had TWO choices in 2012 : Sell the land for basically nothing ($1M vs a total Delta investment of around $7M), or…wait until the market improves. Of course, Delta chose to destroy ratepayers’ funds value in a desperate attempt to show ratepayers they had “moved on” and it was all a bad dream –

If Delta had an ounce of the foresight of someone like Mr Dippie, who has been both very successful, and also very patient at times, they would have held the land. A few facts about the land – the 42 entry level sections to be sold in the next stage will be worth around $6M, added to the $9.17M of the 22 premium sections, gives a total of $16.2M. There possibly could be further sections that would increase the value, but the glass is dark on this detail.

After allowing for subdivision infrastructure and selling costs, the land that Delta sold for $1M three years ago would now realise them $9-10M. Yes readers, Delta could have made a genuine, non Aurora subsidised profit and got the civil work they wanted, at good prices. They could have even paid Mr Boult’s bank debt off, paid off the $1.935M bank loan, some interest to DCC treasury and the entire $5.5M advance and still have a bit left over.

What possessed them to act like lemmings jumping off a financial cliff ? Two words … Denham Shale. Mr Shale was the alleged heavy hitter brought in to clean up the Dunedin City Holdings Ltd (DCHL) and Delta mess after the Larsen report in 2011, along with Mr Bill Baylis and others. He knew even less about property development than the likes of Mr Ray Polson. L for Learner developers indeed. As Mr Hunter exclaimed, turnip acuity was all around. Mr Shale was of the school that says when you have a mess, a clean out, not a clean up is needed…. A clean up keeps the items that have a chance of retaining value. Mr Shale told Mr Polson to write down the value of Luggate and get shot of it in April 2012. Mr Polson, being the invertebrate mild mannered accountant he is, then parroted that line to the Delta board a month later. The rest is well known. A bath. This is all in the Auditor-General’s report, in Section 6, for readers that doubt your correspondent.

Mr Denham Shale’s legacy to the City of Dunedin is a $8-9M loss due to turnip advice (aka profoundly stupid advice) to sell land for a fraction of its cost and value. Any developer or person involved in land in Central Otago for any length of time has seen huge fluctuations in value, generally in a 7-year cycle… Your correspondent is one such person, who lays no claim to visions of the future, but who has had to hang tough for extended periods in Central Otago on various deals.

All Delta had to do was talk nicely to DCC Treasury, to explain the $5.5M advance they gave Delta was a couple more years away – they had already waited for five years, who’s counting anyway ? Make an offer to Mr Boult of his 50% share of slightly more than the $1M they received (he had already asked Delta to buy him out having seen the Delta trough was empty), and start paying interest on the $1.935M bank loan. Not difficult. But required some vertebrates.

Mr McLauchlan, Mr Shale, Mr Cameron and the other directors, yes, they all displayed “commercial acuity about as sharp as a turnip”. –How I love that phrase ! This band of Delta Directors could not grasp what to Mr Dippie is as natural as breathing – that they stopped making land a long time ago, around the time of the flood and Noah’s Ark. That people want to live in Central Otago, so therefore the land price will rise, maybe not when you think, but given time rise it will. This, Mr Shale, Mr McLauchlan, and (2014 Young Director of the year) Mr Cameron is called, SUPPLY & DEMAND. Your elementary lack of foresight and myopia has cost the City of Dunedin millions. L is for Learner, T is for Turnip. Which one applies, readers ?

[ends]

Election Year : This post is offered in the public interest. -Eds

—

Related Post and Comments:
30.4.16 Luggate à la Dunedin’s lad, Dippie

Auditor-General’s overview
Inquiry into property investments by Delta Utility Services Limited at Luggate and Jacks Point. Access the Auditor-general’s full report here:
http://www.oag.govt.nz/2014/delta

*The ‘Auditor-General’s overview’ states (page 5):
“Delta lost about $5.9 million on the Luggate investment and has projected a loss of about $2.8 million for Jacks Point. These losses are before tax, and Delta expects that they might yet be off set by tax credits of about $1.5 million for Luggate and about $0.8 million for Jacks Point. If so, the overall loss would be about $6.4 million.”

█ For more, enter the terms *delta*, *luggate*, *jacks point*, *auditor-general* or *noble* in the search box at right.

—

Posted by Elizabeth Kerr

Image: pinterest.com – turnip

Luggate à la Dunedin’s lad, Dippie

The jovial CD was driving towards Dunedin this morning…. gave me a wake-up call to foreshadow a new post pending for that old spectre : “L” for Luggate, or learner plates for Delta Directors and Mr Cameron.

Yessss. While the Noble subdivision at Yaldhurst heads for the rocks, it appears DCC Ratepayers have been doubly triply shafted at Luggate. Anyway, won’t steal CD’s thunder. He is in the offing!

—

Sat, 30 Apr 2016
ODT: Former Delta sections in Luggate hot property
Part of the big Luggate Park subdivision that lost Dunedin City Council-owned infrastructure company Delta $5.9million before tax in 2012 is being advertised for sale. The 22 sections in “Luggate Heights”, near Wanaka, range in price from $325,000 to $495,000, providing the owner, Willowridge Developments Ltd, with a potential gross return of $9,170,000. Similarly-sized sections at lower altitudes nearby were selling for as little as $128,000 five or six years ago.

Willowridge, owned by Allan Dippie, bought the 50ha, 160-section Luggate Park development last year from Auckland development company Dentils Ltd, which was unsuccessful in attempts to sell the sections. Dentils had bought the development from Delta and Queenstown property developer Jim Boult.

█ Willowridge Developments Ltd http://www.willowridge.co.nz/
█ LUGGATE PARK http://luggatepark.co.nz/

Auditor-General’s overview
Inquiry into property investments by Delta Utility Services Limited at Luggate and Jacks Point. Access the Auditor-general’s full report here:
http://www.oag.govt.nz/2014/delta

█ For more, enter the terms *delta*, *luggate*, *jacks point* and *auditor-general* in the search box at right.

—

Posted by Elizabeth Kerr

*Image: roadcodepractice.co.nz – ‘L-plate’

DCHL: Aurora upgrade implicates Delta

The upgrade would cost DCC, as Aurora’s annual dividend – passed on to the council and used to offset rates – dropped by $2 million a year, to $7.5 million, from 2015-16.

Delta had shed almost 150 workers and closed its entire civil construction arm since mid-2012.

### ODT Online Sat, 2 Aug 2014
Aurora plans $139.2m upgrade
By Chris Morris
Dunedin City Council-owned lines company Aurora Energy says a planned $139.2 million investment in its network will create about 20 jobs and help ensure the lights stay on as growth picks up in Central Otago. The company’s five-year spending plan would result in upgrades and replacement of key pieces of ageing infrastructure across the network, which supplied 83,000 customers in Dunedin and Central Otago. […] The work would also generate spin-off benefits for another council-owned entity, infrastructure company Delta, which already managed Aurora’s network and shared the same management and directors.
Read more

****

Ah well.

### ODT Online Sat, 2 Aug 2014
Cameron nominated
By Chris Morris
Aurora Energy chief executive Grady Cameron hopes to have put the challenges of the past few years behind him.
Mr Cameron (39), also chief executive of Delta, has been named one of three finalists in the Young Executive of the Year category of the Deloitte Energy Excellence Awards. The winner will be announced in Auckland on August 13.
Read more

—

Related Posts and Comments:
5.7.124 DCC’s debt level — who do you believe?
2.6.14 QB 2014 gongs of ill-repute #Hudson COI = MNZM
17.4.14 Aussie wine – NO parallels at DCC/DCHL/DVML/DVL/Delta/ORFU
31.3.14 Audit services to (paying) local bodies #FAIL ● AuditNZ ● OAG…
25.3.14 Delta blues . . . and Easy Rider
20.3.14 Delta: Report from Office of the Auditor-General
14.3.14 Delta: Mayor ignores Cr Vandervis’ official complaint
8.11.13 DCHL, long wait for review (Larsen sighs)
15.7.13 Delta, Carisbrook, Fubar Stadium —Councillors “weak”, or worse
12.7.13 Delta Utility Services Ltd, missing column…
9.7.13 Delta Utility Services Ltd, full investigation needed
12.11.12 Delta purchases | Vandervis OAG complaint accepted
26.10.12 DCHL: New directors for Aurora, Delta, City Forests

For more, enter the terms *aurora*, *delta*, *dchl*, *dcc*, *auditnz* or *oag* in the search box at right.

—

Posted by Elizabeth Kerr

*Images: Grady Cameron and salary by whatifdunedin; auroraenergy.co.nz – Aurora by Joshua Strang (2006); St Clair by Sean Waller (2009); thinkdelta.co.nz – graphic reworked by whatifdunedin

Audit services to (paying) local bodies #FAIL ● AuditNZ ● OAG ● LynProvost

Typically, local government pays Audit New Zealand to audit and review annual financial statements. It’s a tame, tick-box sort of exercise. Audit NZ does a remarkably poor job and is certainly not in it to protect the Community from institutional or corporate misuse of public funds, or indeed from what amounts to perversion or defeat of the course of justice.

Audit NZ is paid handsomely to not see failures of tansparency and non-accountability — such that the enlightened Mangawhai Ratepayers and Residents Association (MRRA) has had Audit NZ sacked from providing audit services to Kaipara District Council.

In an opinion piece last week at Otago Daily Times, City ratepayers let down again, Russell Garbutt cleverly and succinctly summarised the depth of the problem with the Office of the Auditor-General (OAG) investigation into Delta Utility Services Ltd. He also noted: “It may seem strange, but if a local government body goes feral, the body which investigates this and the one which provided audit services to that local body are both business units of the Auditor-General.”

Dunedin City Council (DCC) has ‘overseen’ the Auditor-General’s probe into property purchases at Luggate and Jacks Point by Delta Utility Services Ltd, which also involved the council’s holding company (DCHL). A more scandalous, politically slant and irresponsible report from a Government agency it would be difficult to imagine.

(Thank-you, Mayor Dave Cull and the individual Stuart McLaughlan.)

Criminally, the OAG’s Delta report is what passes for ‘honest and comprehensive’ investigation of fraud and corruption in New Zealand… such that the main Delta complainant, Cr Lee Vandervis of Dunedin City, who holds evidence obtained from over 350 emails, was NOT interviewed by the Auditor-General. Nor was his evidence examined.

The fact that for years Audit NZ has refrained from investigating or bringing attention to underhand dealings of the DCC and with respect to DCHL, Delta, Aurora, and Dunedin City Treasury Ltd (DCTL), to identify just some of the ‘group companies’ involved in financial mayhem with public funds, is fully SYMPTOMATIC.

And now we have DCC — and DCHL (again) — in relationship with Dunedin Venues Management Ltd, tied directly to Otago Rugby Football Union (ORFU) and The Highlanders through shared staff and facilities at the Stadium, and the facilities at Logan Park. Meaning that DCC continues to squander millions and millions of dollars of public funds each year, yet Audit NZ is nowhere to be seen under ‘the Roof’. Don’t mention the black hole, Carisbrook.

█ Inquiry into property investments by Delta Utility Services Limited at Luggate and Jacks Point. The Auditor-General’s Overview and Full Report are available at http://www.oag.govt.nz/reports/2014/delta

****

WHERE TO FROM HERE ???
In yesterday’s Business section of the Sunday Star-Times came inklings of hope that the tide of fraud and corruption created by local bodies and ‘their mates’ is up for possible scrutiny through a change of legislation. Greater public and professional awareness of fraud by local councils and their companies (as well as private trusts and other means used to launder public monies) is coming to bear.

[Message to ALL: Those of us working quietly away to expose Dunedin City Council and Otago Rugby will never give up in a month of Sundays.]

SST Business 30.3.14 (page D5)

****

NEWS: SFO has got into Mighty River Power and there are ‘reasons’ for non-disclosure of MRP fraud to the NZX…

A consultant says:

The following article goes on to cite other cases, one from last year mentions two men sentenced to prison and home detention following the payment of $849,000 in council funds for road and berm projects that were never completed.

█ Think DELTA, think AURORA, think DCC, think DCHL, think DCTL, think CWP, think CST (CSCT), think DVML…

█ Think of the individuals you know by name who fail to be prudent and conservative with Dunedin Ratepayer and Resident monies, whose actions (deliberate or otherwise) have been fraudulent and corrupt.

█ These entities and the individuals you know by name have been aided and abetted by Audit New Zealand, the Office of the Auditor-General, the Department of Internal Affairs, and indeed the Serious Fraud Office which doesn’t always show a clean pair of hands in assisting investigations by other Government agencies — if ‘supervised by’ mayors, local body politicians, local body employees, Members of Parliament, and Ministers of the Crown.

Welcome to the underbelly of New Zealand local government and the parties it pleases. STEAL from the poor to FATTEN the rich, by any means. Backed by Central Government.

—

SST Business 30.3.14 (pages D1 and D8) [click to enlarge]

*Links to articles not yet available at Stuff.co.nz.

—

Related Posts and Comments:
30.3.14 Paul Pope on local body annual plans
27.3.14 Jeff Dickie: Letter to the Auditor-General Lyn Provost
25.3.14 Delta blues . . . and Easy Rider
20.3.14 Delta: Report from Office of the Auditor-General
14.3.14 Delta: Mayor ignores Cr Vandervis’ official complaint
22.3.14 DVML, ‘Money for jam…..fig jam’
19.3.14 ORFU: Black-tie dinner, theft or fraud?
17.3.14 ORFU: Black-tie dinner on ratepayers

For more, enter the terms *carisbrook*, *cst*, *cull*, *cycle*, *dcc*, *delta*, *dia*, *draft annual plan*, *dvml*, *farry*, *orfu*, *nzru*, *pokie rort*, *pokies*, and *stadium* in the search box at right.

—

Posted by Elizabeth Kerr

Jeff Dickie: Letter to the Auditor-General Lyn Provost

Received.
Thursday, March 27, 2014  at 10:47 AM

—

Lyn Provost
Controller and Auditor General
Office of the Auditor General
Thorndon
Wellington

Dear Lyn, your shameful handing of the inquiry into Dunedin City Council subsidiary Delta’s acquisition of land at Jacks Point and Luggate is both unprofessional and an insult to Justice and Democracy in NZ. You personally have done a massive disservice to the 53,000 ratepayers of Dunedin.

Your very selective choice of “evidence”, and general lack of thoroughly seeking evidence, has amounted to a complete whitewash for the individuals under investigation. Why, for example did you choose to competely ignore Councillor Lee Vandervis’ extensive evidence?

Your conclusions of unsound business practices are completely at odds with failing to note the massive conflicts of interest, personal gain and any notion of personal accountability.

Further, your ham-fisted and gutless handling of this inquiry has been a complete waste of time and public money. You have been a lackey and have orchestrated the sort of politically motivated sham one would expect from Russia or North Korea. You should resign.

JEFF DICKIE

[ends]

Individual letters may be sent to:
Lyn Provost
Controller and Auditor-General
Office of the Auditor-General
04 917 1500
100 Molesworth Street, Thorndon
PO Box 3928, Wellington 6140
lyn.provost@oag.govt.nz

OAG | Our people: http://www.oag.govt.nz/our-people
OAG | Contact us: http://www.oag.govt.nz/contact-us

—

Dunedin City Council critic Russell Garbutt reacts to the recently released report by the Office of the Auditor-general on Delta’s move into property development.

### ODT Online Thu, 27 Mar 2014
Opinion: City ratepayers let down again
By Russell Garbutt
I have two major concerns. The first is the quality of the report and the second is that of a lack of accountability – particularly on the part of directors of council companies.
Audit NZ provides audit services to many local bodies, but the fact is the Local Government Act 2002 gave councils the power of ”general competence” – sweeping powers to undertake many projects or actions.
At the same time, the Office of the Auditor-general (OAG) provides investigative services such as this report into the actions of Delta.
It may seem strange, but if a local government body goes feral, the body which investigates this and the one which provided audit services to that local body are both business units of the Auditor-general.
So, bearing that in mind, what has the OAG found about the dealings of Delta and its foray into property development? It found the actions of Delta and its directors and the directors of council umbrella company Dunedin City Holdings Ltd (DCHL) as well as the actions of the Dunedin city councillors at the time were such that ”expensive lessons were learned”.
This is corporate gobbledygook for saying this was a gigantic cock-up.
Read more

—

Related Posts and Comments:
25.3.14 Delta blues . . . and Easy Rider
20.3.14 Delta: Report from Office of the Auditor-General
14.3.14 Delta: Mayor ignores Cr Vandervis’ official complaint

—

Posted by Elizabeth Kerr

Delta: Report from Office of the Auditor-General

Inquiry into property investments by Delta Utility Services Limited at Luggate and Jacks Point.

The report on the OAG probe was tabled at Parliament at 2pm today.

█ AUDITOR-GENERAL’S OVERVIEW and FULL REPORT available at http://www.oag.govt.nz/reports/2014/delta

“My staff found no evidence of impropriety or of poorly managed conflicts of interest in relation to either investment [Luggate and Jacks Point]. However, they did identify some breaches of the Local Government Act 2002 and the Companies Act 1993 and instances of Delta using artificial business structures to avoid public accountability.” –Lyn Provost, Controller and Auditor-General

—

█ Inquiry into decisions by Delta Utility Services Limited to invest in residential development at Luggate, near Wanaka, and at Jacks Point, Queenstown. 14 November 2012. Link

What was the probe about?
The OAG probe was to cover all aspects of the council-owned company’s decision to spend $14.12 million on property at Jacks Point, in Queenstown, and Luggate, near Wanaka, in 2008 and 2009. That included how and why the purchases were made, consideration of risks, compliance with legislation, and the identification and management of any conflicts of interest, the OAG said at the time. The OAG would also consider to what extent the Dunedin City Council – as the shareholder of Delta’s parent company, Dunedin City Holdings Ltd – was involved, and any other matters considered ”desirable” to report on. (ODT article 14.3.14)

—

████ Updated 21.3.14 – essential listening ████

### radionz.co.nz Friday 21 March 2014
Morning Report with Geoff Robinson & Simon Mercep
Delta complainants not satisfied with critical report
Reporting by Ian Telfer
08:41 People who made complaints about failed property deals from a Dunedin council subsidiary say it is unacceptable no-one is being held to account.
Audio | Downloads: Ogg   MP3 ( 3′ 38″ )

—

Related Post and Comments:
14.3.14 Delta: Mayor ignores Cr Vandervis’ official complaint

—

Posted by Elizabeth Kerr

Delta: Mayor ignores Cr Vandervis’ official complaint

### ODT Online Fri, 14 Mar 2014
Land purchases report imminent
By Chris Morris
The findings of a major investigation into Delta’s multimillion-dollar land acquisitions at Jacks Point and Luggate are expected to be released next week.
However, exactly what the Office of the Auditor-general has found after more than a year investigating the purchases remained a closely-guarded secret yesterday. The report was due to be officially published by Parliament’s speaker – who would table the report at 2pm on Thursday – and it would appear on the Auditor-general’s website minutes later, OAG staff confirmed.
Read more

The OAG probe was to cover all aspects of the council-owned company’s decision to spend $14.12 million on property at Jacks Point, in Queenstown, and Luggate, near Wanaka, in 2008 and 2009. That included how and why the purchases were made, consideration of risks, compliance with legislation, and the identification and management of any conflicts of interest, the OAG said at the time. The OAG would also consider to what extent the Dunedin City Council – as the shareholder of Delta’s parent company, Dunedin City Holdings Ltd – was involved, and any other matters considered ”desirable” to report on. (via ODT)

Delta Utility Services Ltd: Directors past and present (go to Show History)
Delta Investments Ltd: Directors past and present (go to Show History)

—

Related Posts and Comments:
25.1.14 Stadium: Some helped it along, or themselves!
15.7.13 Delta, Carisbrook, Fubar Stadium —Councillors “weak”, or worse
12.7.13 Delta Utility Services Ltd, missing column…
9.7.13 Delta Utility Services Ltd, full investigation needed
18.12.12 Delta hasn’t fixed Union St West after EIGHT WHOLE MONTHS
█ 12.11.12 Delta purchases | Vandervis OAG complaint accepted
26.10.12 DCHL: New directors for Aurora, Delta, City Forests
11.9.12 Delta Utility Services Ltd
30.8.12 DCC seen by Fairfax Business Bureau deputy editor Tim Hunter
20.12.11 Delta and the GOBs #DCHL #DCC
18.11.11 Delta rebrand
26.8.09 DScene: Delta, STS, DCC larks
9.7.09 Delta dawn what’s that flower…

█ ODT 20.6.13 Lee Vandervis (opinion): Council firms must get back to basics
█ ODT 30.10.12 Mayor sees red over Vandervis questions

█ Fairfax | DScene publishes Cr Vandervis’ questions (page 3):
[click to enlarge]

For more, enter *dchl* in the search box at right.

—

Posted by Elizabeth Kerr

Delta, Carisbrook, Fubar Stadium —Councillors “weak”, or worse

ODT Letter to the editor 15.7.13 (page 8)

—

Related Posts and Comments:
13.7.13 New Zealand: Salmond on democracy
12.7.13 Hudson, DCC (ex DCHL)
12.7.13 Delta Utility Services Ltd, missing column . . .
10.7.13 Stadium: Edgar will honour $1M personal pledge to project
9.7.13 Delta Utility Services Ltd, full investigation needed
7.7.13 DCHL changes lack transparency —where’s the report, Shale?
4.7.13 Carisbrook: DCC losses
3.7.13 [Pulled!] Call for Dunedin stadium cash
29.6.13 Audit NZ and OAG clean bill of health —Suspicious!
27.6.13 State of the City —DCC or Dunedin?
20.6.13 Stadium: DVML, DVL miserable losers! #grandtheftdebt
8.6.13 Stadium: Insurmountable debt but gosh, look at our numbers!
28.5.13 Carisbrook: Auditor-General #fails Dunedin residents and ratepayers
27.5.13 Carisbrook and Leith flood protection
23.5.13 Carisbrook: Calder Stewart to demo Dunedin’s historic stadium
11.5.13 Stadium: Truth, usual whitewash or prosecution ?

*Use search box at right to find out more.

—

Posted by Elizabeth Kerr

Delta Utility Services Ltd, missing column . . .

Received from Hype O’Thermia
Friday, 12 July 2013 10:37 a.m.

What we earned, what we made, what we own.
Where’s the What we owe column?

Delta webpage as at 12.7.13 (detail)

—

Related Post and Comments:
9.7.12 Delta Utility Services Ltd, full investigation needed

—

Posted by Elizabeth Kerr

Delta Utility Services Ltd, full investigation needed

At Otago Daily Times today:

Responsibility of care (editorial)

Cull, Acklin at odds over Delta

—

Comment at ODT Online:

Time for accountability
Submitted by russandbev on Tue, 09/07/2013 – 10:28am.
Cr Acklin protesteth too much. He was a councillor when it was determined by Council to insist upon dividends that were being produced by borrowing, he has consistently voted for large scale Council projects including the stadium to be financed through debt, he has been in an informed position when presented with DCHL and Delta accounts and forecasts, but perhaps most importantly, he simply doesn’t understand that a Council cannot subsidise a commercial organisation by the degree that is needed to win contracts.
Delta’s overheads are way way too high and Cr Acklin has been in a position to assist in ensuring that Delta was not involved in land speculation, poor business decisions, commercial sponsorship of professional rugby and the like.
Mayor Cull is right in his position regarding Delta, but surely now is the time to bring all those for this sorry mess to account – including Cr Acklin, [Abridged]
ODT Link

In a longer opinion piece, Russell Garbutt outlines the ”sorry” tale of Dunedin City Council-owned company Delta as he sees it.

### ODT Online Tue, 9 Jul 2013
Delta heading for drawn-out death
By Russell Garbutt
OPINION The sorry and inevitable story of Delta continues to what union spokesmen have described as a ”long, drawn-out death”, with owners of the company, governance of the company and management of the company all disclaiming any responsibility or accountability for the loss of business and consequent loss of jobs. But it isn’t as though this position has not been able to be foretold with some accuracy by interested observers.
The basic concept of a business activity supplying professional services to the wider community and supplying profits from that business operation to its overall owner – in this case, the Dunedin City Council – is sound. But it requires strong and wise governance to strike the right balance between risky entrepreneurial activities and conservative growth. Most importantly, the governance of such an activity requires some basic business sense.
Many would say, including those recently advised of the loss of their jobs, that for many years this basic governance requirement has been sorely lacking.
Read more

● Russell Garbutt is a long-time critic of the city council and council funding of Forsyth Barr Stadium.

—

Related Posts and Comments:
28.5.13 Carisbrook: Auditor-General #fails Dunedin residents and ratepayers
18.12.12 Delta hasn’t fixed Union St West after EIGHT WHOLE MONTHS
22.11.12 Cull COVERS UP COUNCIL #massage
12.11.12 Delta purchases | Vandervis OAG complaint accepted
30.10.12 DCHL ‘run by a bunch of fools’ -agreed
29.10.12 DCC consolidated debt substantially more than $616m…
26.10.12 DCHL borrowed $23 million to bail DCC
26.10.12 DCHL: New directors for Aurora, Delta, City Forests
17.10.12 The only thing up…. (for sale)
17.10.12 DCC on DCHL, subsidiaries and DCTL
12.10.12 DCHL, subsidiaries and DCTL
11.9.12 (updated) Delta Utility Services Ltd
30.8.12 DCC seen by Fairfax Business Bureau deputy editor Tim Hunter
20.12.11 Delta and the GOBs #DCHL #DCC
18.11.11 Delta rebrand
29.7.11 WE ALL SAID IT #DunedinCityCouncil #SHAME
9.2.11 DCC and DCHL, was there ever any doubt?
13.3.10 Dunedin City Holdings Ltd
26.8.09 DScene: Delta, STS, DCC larks
9.7.09 Delta dawn what’s that flower…

For more, enter *dchl* in the search box at right.

—

Posted by Elizabeth Kerr

*Photo: odt.co.nz – grady cameron (re-imaged by whatifdunedin)