Agenda

Services and Resources

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 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

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