Agenda

Services and Resources

Committee Meeting

18 October 2010, 8:00pm

Notice of Meeting

Dear Councillors

Notice is given of the Services and Resources Committee Meeting, to be held in the Committee Room on Monday 18^th October 2010 commencing at 8:00pm. The business to be transacted at the meeting is included in this business paper.

Yours faithfully

Peter Brown

General Manager

Council Meeting Procedures

The Services and Resources Committee meeting is chaired by Councillor Scott Bennison. Councillors are entitled to one vote on a matter. If votes are not unanimous the delegations of the Committee require that the matter be referred to Council for determination. Minutes of Council and Committee meetings are published on Council’s website www.lanecove.nsw.gov.au by 5pm of the Thursday following the meeting.

The Meeting is conducted in accordance with Council's Code of Meeting Practice. The order of business is listed in the Agenda on the next page. That order will be followed unless the Committee resolves to modify the order at the meeting. This may occur for example where the members of the public in attendance are interested in specific items of the agenda.

Members of the public may attend the Meeting and address the Committee on any issue. Speakers and Councillors will not enter into general debate or ask questions.

If you do not understand any part of the information given above; require assistance to participate in the meeting due to a disability; or wish to obtain information in relation to Council, please contact Council’s Manager Governance on 99113525.

Please note meetings held in the Council Chambers are recorded on tape for the purposes of verifying the accuracy of minutes and the tapes are not disclosed to any third party under section 12(6) of the Local Government Act, except as allowed under section 18(1) or section 19(1) of the PPIP Act, or where Council is compelled to do so by court order, warrant or subpoena or by any other legislation.

Services and Resources Committee Meeting 18 October 2010
Corporate Services Division Report No. 58

Reference: Corporate Services Division Report No. 58

Subject: Statement of Investments as at 30 September 2010

Record No: SU777 - 43195/10

Author(s): KG Bascaran

Executive Summary

The report outlines the Council’s investment performance for the month. It is recommended that the report be received and noted.

Discussion

DATE	INSTITUTION	PRINCIPAL	DATE OF	TERM	RATE
INVESTED			MATURITY	DAYS
5/08/2010	BANK WEST	1,000,000.00	1/02/2011	180	6.10%
6/07/2010	BANK WEST	1,000,000.00	5/10/2010	91	5.75%
9/08/2010	BANK WEST	1,000,000.00	7/02/2011	182	6.15%
9/08/2010	BANK WEST	1,000,000.00	7/02/2011	182	6.15%
13/07/2010	BANK WEST	2,000,000.00	10/01/2011	181	6.20%
7/09/2010	CITIBANK LTD	1,000,000.00	8/12/2010	92	5.58%
6/09/2010	CITIBANK LTD	1,000,000.00	6/12/2010	91	5.57%
30/08/2010	CITIBANK LTD	1,000,000.00	29/11/2010	91	5.56%
9/09/2010	COMMONWEALTH	1,000,000.00	9/03/2011	181	6.00%
10/09/2010	COMMONWEALTH	1,500,000.00	10/03/2011	181	6.00%
16/09/2010	COMMONWEALTH	1,000,000.00	16/04/2011	212	6.20%
12/07/2010	COMMONWEALTH	500,000.00	12/04/2011	184	6.00%
15/04/2010	COMMONWEALTH	1,000,000.00	15/11/2010	214	6.30%
1/07/2010	IMB SOCIETY	1,000,000.00	4/01/2011	187	6.08%
13/07/2010	IMB SOCIETY	2,000,000.00	10/11/2010	120	6.00%
30/08/2010	IMB SOCIETY	1,000,000.00	31/01/2011	154	6.00%
6/04/2010	MACQUARIE BANK	1,000,000.00	4/10/2010	181	6.00%
8/12/2009	NEWCASTLE P B S	1,000,000.00	8/12/2010	365	7.00%
31/08/2010	ING Bank	1,000,000.00	28/02/2011	181	6.30%
3/08/2010	ELDERS RURAL BANK	1,000,000.00	3/02/2011	184	6.40%
2/12/2009	ST.GEORGE BANK	1,000,000.00	2/12/2010	365	6.80%
11am A/C	ST.GEORGE BANK	2,700,000.00	Open		4.40
		25,700,000.00		Weighted Average	6.08%

The following Investment was made during the month of September 2010. This Investment was made in accordance with S.625 of the Local Government Act, 1993 and the Local Government (Financial Management) Regulation,1993.

NET INVESTMENT: 1,000,000

RECOMMENDATION

That the report “Statement of Investments as at 30^th September 2010” be received and noted.

Craig Wrightson

Executive Manager

Corporate Services Division

ATTACHMENTS:

There are no supporting documents for this report.

Services and Resources Committee Meeting 18 October 2010
Corporate Services Division Report No. 59

Reference: Corporate Services Division Report No. 59

Subject: Legal Expenses for September 2010

Record No: SU1371 - 43317/10

Author(s): KG Bascaran

Executive Summary

The report outlines Council’s legal expenses paid for the last month. It is recommended that the report be received and noted.

Discussion

The following legal expenses were paid during the past month:-

	Previous	Current	Status	Initiated
Mathews Folbigg Solicitors
Ugur Nedim – District Court Appeal	$ 58,774.11	$ 1,225.40	On Going	Third Party
41 Johnston Crescent – Balcony Collapse	$ 1,636.31	$ 1,322.44	On Going	LCC
Advice on Government Information Public Access Act 2009	$ -	$ 1,215.46	Final	LCC
Advice on Emergency order Premises – 22 River Road	$ -	$ 920.70	Final	LCC
Marsdens Law Group
11 Kellys Esplanade - LECP 10417/2010	$ 4,990.83	$ 11,251.93	On Going	Third Party
Maddocks
Austin Street – Development Deed Shared Cost Arrangement	$ 21,443.36	$ 1,712.70	On Going	LCC

Total $ 17,648.63

==========

Budget Impact
General Ledger Account Details “Legal”	Account Number	Budget 2010-2011	Actual Expenses 2010-2011	Budget Available
Environmental Operating Expenses	4120.2531.254	$ 150,000	$ 42,754	$ 107,246
Development Health Operating Expenses	4230.2531.254	$ 10,000	$ 4,168	$ 5,832
Corporate Services Operating Expenses	125.2531.254	$ 12,000	$ 5,908	$ 6,092
Urban Services Operating Expenses	5025.2531.254	$ 15,000	$ 2,921	$ 12,078
Swimming Pools Operating Expenses	2525.2531.254	$ 50,000	$ -	$ 50,000
Human Services Operating Expenses	1025.2531.254	$ 5,000	$ 319	$ 4,681
Planning Operating Expenses	625.2531.254	$ 4,000	$ -	$ 4,000

RECOMMENDATION

That the Legal Expenses for September 2010 be received and noted.

Craig Wrightson

Executive Manager

Corporate Services Division

ATTACHMENTS:

There are no supporting documents for this report.

Services and Resources Committee Meeting 18 October 2010
Open Space and Urban Services Division Report No. 42

Reference: Open Space and Urban Services Division Report No. 42

Subject: The Lane Cove Traffic Committee held September 2010.

Record No: SU1326 - 43400/10

Author(s): Nick Karahlis

Executive Summary

The Lane Cove Traffic Committee Meeting was held by correspondence during September 2010. The Agenda is included as AT-1. The Traffic Committee recommendations are show in the Minutes of the Meeting, included as AT-2.

RECOMMENDATION

That Council receive and note the recommendations of the Lane Cove Traffic Committee Meeting held during September 2010.

Wayne Rylands

Executive Manager

Open Space and Urban Services Division

ATTACHMENTS:

AT‑1 View	Agenda - Lane Cove Traffic Committee September 2010	6 Pages
AT‑2 View	Minutes - Lane Cove Traffic Committee September 2010	2 Pages

Services and Resources Committee 18 October 2010
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