It beggars belief that council’s CEO would state that the $30 million pay-out to owners of the Pacific Apartments would not adversely affect ratepayers. What utter rubbish!
It is to be paid from the council's stormwater funds, a fund required by government to replace and maintain existing stormwater infrastructure.
And that’s not all! Prior to this another fund has been ransacked to pay historic debt. Who is going to replace these funds? Why, the ratepayers of course.
Now, we have been roundly criticised by government and its representatives (the commissioners) for underspending on infrastructure. The commissioners are going to sort that out by building a new library to replace the existing, perfectly good library, a museum which nobody has wanted for a long time and a whole new city centre - none of which will fix our underground services when they become overloaded by infill housing.
Thanks central government.
Dan Russell, Tauranga.