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Waimea Weekly
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Wednesday 26 September 2018
Page 9
Michael’s mission for kiwi kids
Page 14 - 17
Silver for Tasman Page 22
Dam documents made available The about-turn made by the Tasman District Council (TDC) regarding their decision on the Waimea Dam appeared to perplex a number of residents. TDC communications manager Chris Choat says council used the
Standing Order 23.6 “Revocation or alteration by recommendation in report”, to revise their decision of August 28 not to continue with the dam. A meeting was called for September 6, so council could reconsider their decision in light
of new information and a revised funding offer from their joint venture partners. Under this revised proposal, irrigators through WIL are now servicing 75% of the additional borrowing costs to close the $23m funding gap.
The introduction of the large institutional investor in WIL has closed the funding gap and significantly reduced financial risks to council. It is expected that by WIL contributing effectively 75% of the servicing costs, the impact
on ratepayers can be minimal. Now that the council has accepted the offer, the principles underlying it are able to be made public and the revised funding report of September 6 is now available online through the TDC website.
Local dancers to perform with the Royal New Zealand Ballet Company. From top left; Amelia Clark, Kaitlyn Sampson, Ashlee Thomas, Annabel Lowe, Abbie Rolfe and Frankie Palmer. Photo: Amy Russ.
StoRy PAGE 27
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