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Agenda

Services and Resources

Committee Meeting

21 March 2011, 8:00pm

 


 

Notice of Meeting

 

Dear Councillors

 

Notice is given of the Services and Resources Committee Meeting, to be held in the Council Chambers on Monday 21 March 2011 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 Government Information (Public Access)  Act 2009, 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 21 March 2011

TABLE OF CONTENTS

 

DECLARATIONS OF INTEREST

 

APOLOGIES

 

 

CONFIRMATION OF MINUTES

 

1.      SERVICES AND RESOURCES - 7 MARCH 2011

 

 

Corporate Services Division Reports

 

2.       Corporate Services Division Report No. 12

SUBJECT: Statement of Investments as at 28 February 2011

 

3.       Corporate Services Division Report No. 13

SUBJECT: Legal Expenses for February 2011  

 

 

 

                    


Services and Resources Committee Meeting 21 March 2011

Corporate Services Division Report No. 12

 

 

Reference:    Corporate Services Division Report No. 12

Subject:          Statement of Investments as at 28 February 2011    

Record No:    SU777 - 9517/11

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

 

5/01/2011

BANK WEST

1,000,000.00

5/05/2011

120

6.00%

10/01/2011

BANK WEST

2,000,000.00

11/04/2011

91

5.90%

6/12/2010

CITIBANK  LTD

1,000,000.00

7/03/2011

91

5.83%

29/11/2010

Bank of QLD

1,000,000.00

29/11/2011

365

6.50%

1/02/2011

Bank of QLD

1,000,000.00

1/08/2011

181

6.45%

8/12/2010

Bank of QLD

1,000,000.00

8/06/2011

182

6.40%

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%

12/01/2011

COMMONWEALTH

500,000.00

12/08/2011

212

6.00%

15/11/2010

COMMONWEALTH

499,999.00

15/08/2011

273

6.50%

15/11/2010

COMMONWEALTH

499,999.00

15/08/2011

273

6.50%

17/11/2010

COMMONWEALTH

490,000.00

17/08/2011

273

6.50%

17/11/2010

COMMONWEALTH

480,000.00

17/08/2011

273

6.50%

4/01/2011

IMB SOCIETY

1,000,000.00

4/04/2011

90

5.90%

1/12/2010

IMB SOCIETY

1,000,000.00

11/04/2011

131

6.15%

10/11/2010

IMB SOCIETY

2,000,000.00

10/03/2011

120

6.00%

31/01/2011

IMB SOCIETY

1,000,000.00

31/05/2011

120

6.00%

4/01/2011

MACQUARIE BANK

1,000,000.00

4/04/2011

90

5.70%

8/12/2010

NEWCASTLE P B S

1,000,000.00

8/03/2011

90

5.95%

7/02/2011

NEWCASTLE P B S

1,000,000.00

9/05/2011

91

6.00%

2/02/2011

ING Bank

1,000,000.00

28/07/2011

176

6.10%

3/02/2011

ELDERS RURAL BANK

1,000,000.00

2/08/2011

180

6.40%

1/02/2011

ST.GEORGE BANK

1,000,000.00

3/05/2011

91

5.75%

11Am A/C

ST.GEORGE BANK

1,300,002.00

Open

Variable

4.65%

 

 

 

 

 

 

 

 

25,270,000.00

 

Weighted

Average

5.99%

The following Withdrawal was made during the month of February 2011. This Withdrawal was made in accordance with S.625 of the Local Government Act, 1993 and the Local Government (Financial Management) Regulation,1993.

 

NET WITHDRAWAL: 400,000.00


 

 

RECOMMENDATION

That the report “Statement of Investments as at 28 February 2011” 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 21 March 2011

Corporate Services Division Report No. 13

 

 

Reference:    Corporate Services Division Report No. 13

Subject:          Legal Expenses for February 2011    

Record No:    SU1371 - 9558/11

Author(s):       KG  Bascaran 

 

 

Executive Summary

 

The report outlines Council’s legal expenses paid for February 2011 and other ongoing legal matters.  It is recommended that the report be received and noted.

 

Discussion

 

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

 

 

 

Previous

Current

Total

Status

Initiated

Mathews Folbigg Solicitors

 

 

 

 

 

41 Johnston Crescent – Balcony Collapse

$4,973.95

-

 

$4,973.95

On Going

LCC

Sarkozy – Dangerous Dog

$5,623.20

-

$5,623.20

Final

LCC

Netmesh Pty Ltd Class 1 Appeal

$18,658.29

-

$18,658.29

On Going

LCC

Waste Indemnity Deed SP 404&18756

$1,366.20

-

$1,366.20

On Going

LCC

3 McMahons Rd – Class 5 Proceedings

$39,970.08

-

$39,970.08

On Going

LCC

Marsdens Law Group

 

 

 

 

 

11 Kellys Esplanade  - LECP 10417/2010

$23,309.76

-

$23,309.76

On Going

Third Party

3 McMahons Rd – LECP 10365,104429/2010

$24,413.44

-

$24,413.44

On Going

LCC

Dispute of Fuel Tanks

$3,996.33

$ 4,302.28

$8,298.61

On Going

LCC

DA for Little Street

$1,705.00

-

$1,705.00

On Going

LCC

41 Arabella Street – LECP 10911/2010

-

$ 6,489.76

$ 6,489.76

On Going

Third Party

Maddocks

 

 

 

 

 

Austin Street – Development Deed

$24,063.54

-

$24,063.54

On Going

LCC

Lane Cove Development Plan

2009 – Legal advice

$ 1,650.00

-

$1,650.00

Final

LCC

Thomson Playford Cutlers

 

 

 

 

 

Lane Cove Aquatic Centre

$874,874.20

$ 94,870.32

$969,744.52

On Going

LCC

John Tyrril & Associations

 

 

 

 

 

WSN Environmental Solutions - Mediation

$9,570

-

$9,570

On Going

LCC

Pikes Lawyers

 

 

 

 

 

19 Glenview Street- LECP -10126/2010 & 10707/2010

$42,412.18

$ 3,468.30

$45,880.48

On Going

Third Party

16 Greenwich Road  - LECP 11059/2010

-

$ 7,479.23

$ 7,479.23

On Going

Third Party

24 Wallace Street – LECP 11008/2010

-

$ 5,754.58

$ 5,754.58

On Going

Third Party

Ellis-Jones Enterprises      

General Legal Advice

$16,215.00

$2,915.00

$19,130

On Going

LCC

Tress Cox Lawyers 

Austin St – Development Consent Variation

-

$ 5,431.25

$ 5,431.25

On Going

LCC

 

Total Legal Expenses for February 2011          $ 130,710.72

                                                                              ==========

 

Budget Impact

 

General Ledger Account Details “Legal”

Account

Number

Budget

2010-2011

Actual

Expenses

2010-2011

Budget

Available

Environmental Operating Expenses

4120.2531.254

$ 250,000

$173,280

$ 76,720

Development Health Operating Expenses

4230.2531.254

$15,000

$9,544

$ 5,456

Corporate Services Operating Expenses

0125.2531.254

$27,000

$21,285

$5,715

Planning Operating Expenses

0625.2531.254

$4,000

$    -

$4,000

Human Services Operating Expenses

1025.2531.254

$5,000

$1,891

$3,109

Swimming Pools Operating Expenses

2525.2531.254

$600,000

$ 568,078

$31,922

Urban Services Operating Expenses

5025.2531.254

$25,000

$21,062

$ 3,938

 

RECOMMENDATION

 

That the Legal Expenses for February 2011 be received and noted.

 

 

 

 

 

 

Craig Wrightson

Executive Manager

Corporate Services Division

 

 

ATTACHMENTS:

There are no supporting documents for this report.