Tag Archives: Finance and strategy

Carisbrook future…

Meeting: DCC Finance and Strategy Committee
Monday 13 September 2010
Fullwood Room, Dunedin Centre
Commencing at 2.00 PM

Agenda – FSC – 13/09/2010 (PDF, 62.4 kb, new window)

Report – FSC – 13/09/2010 (PDF, 362.3 kb, new window)
Trade Waste Bylaw Implementation

Report – FSC – 13/09/2010 (PDF, 481.2 kb, new window)
Financial Result – 1 Month to 31 July 2010

Report – FSC – 13/09/2010 (PDF, 2.6 mb, new window)
Future of Carisbrook Consultation and Options

Report – FSC – 13/09/2010 (PDF, 2.2 mb, new window)
Carisbrook Stadium Charitable Trust Progress Report

Report – FSC – 13/09/2010 (PDF, 116.5 kb, new window)
2011/12 Annual Plan Timetable

Report – FSC – 13/09/2010 (PDF, 85.2 kb, new window)
Residents Opinion Survey Results

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### ODT Online Sat, 11 Sep 2010
Carisbrook plans a ‘missed’ chance for sports
By Stu Oldham
Carisbrook might soon host retirees or engineers in a move that has already been called a missed opportunity for Dunedin sport. City council staff have rejected calls to keep Carisbrook for sport to focus on selling it as industrial land or as a retirement village, or developing an industrial park there. Even if the land is sold, they want to restrict its use to stop it being developed into a shopping centre and to invest whatever profits come from a sale into a fund for South Dunedin.
Read more

THE FUTURE OPTIONS
Submissions asked for Carisbrook to be developed as:

• South Seas exhibition centre and theme park
• Commuter bus and train depot
• Olympic-sized swimming pool and dive pool
• Playground and library, with swimming holes in green spaces
• Corporate boxes as a health centre and sports hub
• Community recreation space, including skate park
• Sports ground for multiple sporting codes
• Shopping centre
• Commercial, retail, industrial or residential land
• Commercial offices and horticultural/community gardens
• Retirement village and rest-home
• Options staff want to send to new council:
• Sell it as industrial-zoned land
• Sell it as a retirement village and rest-home
• Develop it as an industrial park, then sell the individual lots
Source: Dunedin City Council finance and strategy committee agenda

Posted by Elizabeth Kerr

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Dunedin City Council security for borrowings

Read: how to finance a stadium for a rainy day.

This was tabled today at the meeting of the Dunedin City Council:

Report – Council – 16/08/2010 (PDF, 322.5 kb, new window)
Security for Borrowings

You will note the recommendations in the report:

1
That the report be received.

2
That the Council approves the setting of a rate of $0.000291 in the dollar (plus GST at the prevailing rate) on the capital value of Dunedin City as security for the borrowing of up to $50,137,200 from Dunedin City Treasury Ltd. That borrowings made under this resolution be repaid to the Lender in equal quarterly instalments of interest and principal over 20 years.

3
That the Council grant to the Chief Executive authority to drawdown debt in tranches, as and when required, up to a limit of $50,137,200.

4
That the Council approves the setting of a rate of $0.000246 in the dollar (plus GST at the prevailing rate) on the capital value of Dunedin City as security for the borrowing of up to $42,339,500 from Dunedin City Treasury Ltd. That borrowings made under this resolution be repaid to the Lender when the Forsyth Barr Stadium is transferred into a Council-owned Company.

5
That the Council grant to the Chief Executive authority to drawdown debt, for the purpose of the new stadium, as and when required, up to a limit of $149,000,000.

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Think what you will of this, folks, and let the good debate flow.

It is considered that the resolutions were voted through without Councillors understanding the meaning or import. WHY are we not surprised.

Let’s refer back to Ian Pillans’ letter, with our bolding added:

### ODT Monday 9 August 2010 (page 8)
Letters to the editor
Ratepayers the rock for council debt
By Ian Pillans, Dunedin
….The simple truth is that this council is recklessly spendthrift and the city’s finances depend on continued borrowing against its assets…. Its access to funds is not, as Cr Walls suggests, the result of a respected record of loan repayment but solely because it can borrow to dangerous levels on the personal guarantees of its ratepayers….

The full letter is available in print and digital editions of the newspaper.

Post by Elizabeth Kerr

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Filed under Architecture, Construction, CST, Design, DVML, Economics, Politics, Project management, Site, Sport, Stadiums

DScene bumper stories

### DScene 4-8-10

Hillside group ‘on tenterhooks’ (page 3)
By Mike Houlahan
Hillside engineering workshop workers and supporters have an anxious month ahead as KiwiRail prepares crucial documents for its half-million-dollar Auckland rail contract – paperwork that may hold the key to how much work might be made available to the Dunedin workshop.
{continues} #bookmark

Mayoral candidate (page 3)
By Wilma McCorkindale
Former Dunedin city councillor Lee Vandervis is having another go at the Dunedin mayoralty. Vandervis who polled second after incumbent Peter Chin in the 2007 mayoral race, announced today he is standing for the mayoralty in this year’s October local body elections. He has also put himself up as a council candidate.
{continues} #bookmark

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

Stadium will be on time: Farry (page 5)
By Wilma McCorkindale
Carisbrook Stadium Trust chairman Malcolm Farry, under stern questioning at a meeting Monday, assured councillors the Forsyth Barr Stadium would be finished on time, on budget. Farry said rumours that the stadium was three months behind schedule were nonsense when the subject arose at the Dunedin City Council (DCC) finance and strategy meeting.

Dave Cull said the trust report was “manifestly at odds with reality” and he would vote against the committee accepting it.

Farry said the October critical path had now been superceded by Hawkins Construction Ltd’s critical path which would probably not go public to avoid nitpicking around deadlines not being met.

{continues} #bookmark

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New service in February (page 5)
By Wilma McCorkindale
Dunedin gets its new $28.8m kerbside rubbish and recycling service next February, with another four months before rates for the collection kick in.
{continues} #bookmark

Talk: Dunedin on Dunedin (page 8)
Puzzling over drive
Letter to the editor by Bernard L Esquilant, Wakari
“…it is my contention that during the past six years this city has endured the decision-making of what must be the most inept civic administration in the city’s history.”
{read the full letter} #bookmark

Speight’s pride of the world (pages 12-13)
Dunedin’s best-known beer, Speights, has gone from near extinction to being New Zealand’s biggest-selling beer. Mike Houlahan reports.

Speight’s owner Lion Nathan employs about 40 people at Rattray St across all areas of the business, and is considering further investment in the city.

{continues} #bookmark #bookmark

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Check out the photograph of Rattray St in 1911…
and the superb image work of Otago Polytechnic Art School photography lecturer Max Oettli

A century on (page 15)
New Hocken exhibition depicts Dunedin in 1910 and 2010
By Gavin Bertram
In 1910 there were a mere 440 students at the University of Otago; today there are almost 22,000. The gender split is in favour of women, whereas in 1910 they were a fraction of the student population. This is just one of the huge changes Dunedin has seen over the preceding century, a subject broached by the new 100 UP exhibition at the Hocken Gallery.
{continues} #bookmark

Post by Elizabeth Kerr

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DCC: “Your City/Our Future” Community Engagement Programme

Tabled at Dunedin City Council’s Finance and Strategy Committee Meeting on Monday:

Report – FSC – 21/06/2010 (PDF, 192.9 kb, new window)
“Your City/Our Future” Community Engagement Programme

“It is proposed that the Council’s futures thinking on the City Development Strategy (Spatial Plan), the Sustainability Programme and the Community Outcomes be undertaken in a single co-ordinated programme… This community engagement programme is a key element of the strategic direction for the City and the Council’s agreement is sought to the proposed approach. Councillors will be involved at key stages to provide leadership in reviewing and setting the vision for the city.”

Post by Elizabeth Kerr

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Stadium – Stakeholders report 14.9.09

The following report goes to the Dunedin City Council Finance and Strategy Committee on Monday.

Note the file size if you’re on dialup.

Report – FSC – 14/09/2009 (PDF, 5.1 mb, new window)
Stakeholders Report

The Carisbrook Stadium Trust progress report, contained in the Stakeholders Report, is dated 12 August 2009 and was approved by the CST Board 17 August 2009.

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At page 9 of the report it says:

Brand

We have developed all the required business stationery and have the brand guidelines in place for the new brand. We have copyrighted the brand and its distinctive marks in all the necessary categories including merchandise. It was necessary to write to the Stop The Stadium during this month to request that they remove one of our brand devices from their website. They complied with the request. We have, as mentioned earlier, used the brand in scroll advertising during the Air New Zealand Cup.

We are also placing the brand on the fence surrounding the stadium. We are working with Keep Dunedin Beautiful to fill the fence with community art work. We currently await resource consent for this project.

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DCC: Look Ma no hand$

The stadium had an effect on the surplus…

### ODT Online on Tue, 4 Aug 2009
Timing issues cited in $13m DCC operating surplus drop
By David Loughrey

The Dunedin City Council’s operating surplus was almost $13 million less than expected at the end of the financial year, but timing issues, rather than budgetary problems, are mostly to blame, the council says. The surplus at the end of June was $4.7 million, compared with an expected $17.5 million.
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Unsubtle irony: Waipori Fund

It’s a long-term investment…

### ODT Online Mon, 27 Apr 2009
Waipori Fund takes another beating
By Dene Mackenzie
Investments in the Dunedin City Council’s Waipori Fund took another hammering in the three months ended March, although indications are that it was a better result than recorded in December.
Read more

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Finance and Strategy Committee Meeting
Monday 27 April 2009, Edinburgh Room, Municipal Chambers, 2.00 PM

Agenda – FSC – 27/04/2009 (PDF, 11.5 kb, new window)

Report – FSC – 27/04/2009 (PDF, 33.3 kb, new window)
Submission on the Otago Regional Council Draft Long Term Council Community Plan 2009-2019

Report – FSC – 27/04/2009 (PDF, 81.4 kb, new window)
Resignation of Sinking Fund Commissioners

Report – FSC – 27/04/2009 (PDF, 38.6 kb, new window)
“Have Your Say” Expo 2009

Report – FSC – 27/04/2009 (PDF, 197.5 kb, new window)
Financial Result – 9 Months to 31 March 2009

Report – FSC – 27/04/2009 (PDF, 19.5 kb, new window)
Waipori Fund – Report For Quarter Ending March 2009

Posted by Elizabeth Kerr

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