Does an appointed Council administrator have the power to terminate contracts that are deemed to not be in the best interests of the community?
By Rodger Pryce
Research is needed!
I know mortgagees in possession can overturn leases. If the four Councillors who have voted against the Gordon Street project resign, a Council is unable to operate with only four Councillorsand an administrator would have to be appointed until election time.
No ifs buts or maybes.
Councillor Arkan may be the problem here, the remaining three, I believe, will understand we can not continue with this madness.
An additional thought. If the TCorp funding is not available to finance new Council Offices and the loan has been split so that TCorp can fund the part that does not include Council Offices, has the cost of the car park ever been costed on the basis that it is for the exclusive use for the Council employees?
What is this cost? A lot, several million dollars I believe. Add to that, the actual, honest, independently calculated, area that Council will occupy in this building, assessed by more than one independent architect at over 50%, then you have Council Offices responsible for around $45 million of the currently estimated $81 million cost.
So, $81 million less $45 million = $36 million.
Now where did I see that figure a few years ago?
So therefore if any funder runs the ruler over what is being built and won’t fund the new Council Offices, we may be building a building where $45 million of the cost will have to be sought from the private sector. TCorp will want the first mortgage. Any estimates, or educated guesses, out there as to the interest rate for $45 million with a second mortgage security?
It’s all looking worse, every day in my view.
First published at the Coffs Coast Independent News Facebook site – 8 May 2021. Reproduced with permission.