Our curiosity has been aroused in regards to ‘expressions of interest’, ‘tenders’, ‘contracts’ and how little residents are actually told of what is going on with GESAC. The following information is taken directly from The Age and from council minutes.
“Saturday March 26, 2011, The Age
Glen Eira City Council invites expressions of interest for:
Reference No.: 2011.034
Provision of Gymnasium Equipment to Glen Eira Sports and Aquatic Centre
Requirement: Provision of a suite of gymnasium fitness equipment including installation, ongoing maintenance and centre staff training.
EOI’s Closing date:15 April 2011 by 4.00 pm.
EOI documents will be available by email request to tenders@gleneira.vic.gov.au or from Council’s Service Centre, Glen Eira Town Hall, 246-258 Hawthorn Rd, Caulfield, by contacting (03) 9524 3203 or b from 9.30am, Tuesday 29 March 2011.
Paper copies of documents will be available to respondents upon the payment of a non-refundable fee of $50 for each EOI document. EOI’s will only be accepted in the form and manner and at the time specified in the EOI documents.”
In- camera items from last Council Meeting read:
12.3 under s89 (2)(d) “contractual” which relates to supply of Gymnasium Equipment to Glen Eira Sports & Aquatic Centre
Crs Pilling/Lipshutz
1. That Council enters into a Hire Purchase agreement with Westpac Banking Corporation Limited for the supply of specified strength equipment with an estimated cost to Council over 4 years of $760,000.00.
2. That Council enters into an Operating Lease with Westpac Banking Corporation Limited and Alleasing Pty Limited for the supply of specified cardio equipment with an estimated cost to Council over 4 years of $277,000.00.
3. That contracts be prepared in accordance with the documents submitted by Westpac Banking Corporation Limited and examined by Corporate Counsel.
4. That the contracts be executed in an appropriate manner including by affixing of the Council Seal.
5. That this resolution be incorporated in the public minutes of this Meeting.
The MOTION was put and CARRIED unanimously.
QUESTIONS:
- Why would a Hire Purchase agreement be entered into, especially since interest rates are so much higher?
- Does this mean that despite all the spin there is a ‘cash flow’ problem?
- Were there any genuine ‘expressions of interest’ forthcoming?
- Is this figure of $760,000 (or $190,000 for one year) included in the budget expenditure on GESAC for this year, or is this another ‘hidden cost’ to ratepayers?
- If the latter, then how many other ‘hidden costs’ could suddenly materialise?
Since residents are paying for most of these costs, we believe it is incumbent on council to ‘come clean’ and provide residents with full information as to the current state of affairs with GESAC.
July 13, 2011 at 12:39 PM
Hire purchase is definitely a last resort. It means that you’ve already borrowed to the hilt and further funding is unavailable. I don’t know if there are special regulations which cover borrowings by councils, but I would think there must be some limit on how much they can borrow. The interest rates are also astronomical and way above normal borrowing rates.
July 13, 2011 at 1:47 PM
Gosh we’re a lucky lucky lot to have such a multiskilled council working for us. There’s no end to their talents. From business entrepreneurs to weight lifters and gym instructors. All is within their umbrella of responsibility, bar kindas cos that’s all state and federal stuff we’re told. Yup real good managers of our money. No problem. When the bucks run out just go for “higher and higher” purchase.