Dip­ping into in­vest­ment fund to pay for pool


In other fund­ing de­ci­sions, the coun­cil de­cided to use an ad­di­tional $440,000 of in­vest­ment in­come made avail­able dur­ing the long-term process to help pay the con­trac­tual li­a­bil­ity as­so­ci­ated with the con­struc­tion of the Bal­clutha Cen­ten­nial Pool.

This re­duces ev­ery ratepay­ers’ Uni­form An­nual Gen­eral Charge rate by about $3. In March last year, the coun­cil lost a Build­ing Dis­putes Tri­bunal case with pool con­trac­tors Lund South, and was or­dered to pay the com­pany $1,877,271.61 for a bud­get over-run.

In dis­cus­sion Cr Ali­son Lu­d­er­mann said the pool is­sue had been ‘‘a huge dis­cus­sion point across the district, and this is one way of put­ting it to bed’’.

A sub­mis­sion made on be­half of a wheelchair-bound Stir­ling res­i­dent Bren­don Storer, who has been strug­gling with ac­cess on View St in Stir­ling, con­trib­uted to the coun­cil’s de­ci­sion to im­prove its in­fra­struc­ture by con­struct­ing a foot­path, with 180 me­tres of it to be in con­crete and the rest in crushed.

Clutha De­vel­op­ment’s bud­get was in­creased by $85,000 to in­vest in tourism, in­clud­ing a district des­ti­na­tion plan and a tourist in­fra­struc­ture fea­si­bil­ity study.

Bal­clutha Cen­ten­nial Pool.

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