$320k sur­plus set aside for devel­op­ment

Taranaki Daily News - - News - Christina Per­sico christina.per­sico@stuff.co.nz

New Ply­mouth Dis­trict Coun­cil’s $320,000 sur­plus will go into a fund to boost eco­nomic devel­op­ment with­out af­fect­ing rates.

The coun­cil had a choice of us­ing the money to re­pay debt, ap­ply­ing against rates in funds for dis­as­ter re­lief or eco­nomic devel­op­ment, or a com­bi­na­tion of both.

On Tues­day, coun­cil­lors voted to put the money into the eco­nomic devel­op­ment fund, to fur­ther progress the

Ta­puae Roa eco­nomic devel­op­ment plan.

Coun­cil­lor Richard Han­d­ley, who moved the mo­tion, said it fol­lowed on from the dis­cus­sion on hy­dro­gen en­ergy and the need to se­cure a strong eco­nomic fu­ture.

‘‘I think Ta­puae Roa gave us the lead and we’ve put aside some funds in the Long Term Plan, but this will ac­tu­ally give it an ad­di­tional kick.’’

He said the projects un­der Ta­puae Roa, in­clud­ing a plan for de­vel­op­ing hy­dro­gen and a clean en­ergy devel­op­ment cen­tre, were very im­por­tant de­vel­op­ments.

‘‘I would be very pleased to see that this fund be made avail­able to off­set rates and as­sist in eco­nomic devel­op­ment in the years ahead.’’

Chief fi­nan­cial of­fi­cer Alan Bird said the govern­ment’s de­ci­sion to not is­sue any more off­shore oil and gas per­mits re­sulted in the Ta­puae Roa plan be­ing ac­cel­er­ated.

‘‘This has been achieved with ad­di­tional fund­ing from both the coun­cil and cen­tral govern­ment. Coun­cil in­creased fund­ing to Ven­ture Taranaki Trust by $350,000 per an­num.’’

Last year, mayor Neil Holdom’s cast­ing vote saw the 2017 $600,000 sur­plus used to re­pay some of the coun­cil’s $110 mil­lion debt.

Coun­cil­lors also en­dorsed the for­ma­tion of the Three Wa­ters Work­ing Party, which looked at strat­egy for wa­ter in­fra­struc­ture, an agree­ment on how to man­age the Rewa Rewa Re­serve, and adopted the Speed Lim­its By­law.

Cr Harry Duyn­hoven, who is also on the board for the AA in Taranaki, said the AA had con­cerns over form­ing a blan­ket speed limit.

‘‘That is not the in­ten­tion here and there is a move in some ar­eas of the coun­try to have all ru­ral roads down­graded to lower speed lim­its. It is ap­pro­pri­ate in some places but not in all.’’

The coun­cil also dis­cussed re­gional waste, with Taranaki’s three coun­cils re­view­ing whether to com­plete the mul­ti­mil­lion­dol­lar cen­tral land­fill af­ter an of­fer from a land­fill near Mar­ton.

‘‘This will ac­tu­ally give it an ad­di­tional kick.’’

Coun­cil­lor Richard Han­d­ley

Newspapers in English

Newspapers from New Zealand

© PressReader. All rights reserved.