Local Govt | National News Video | Parliament Headlines | Politics Headlines | Search

 

Council Agrees To Financially Support A&P Association Vision

At an Extraordinary Meeting of Council on Tuesday 24 November 2020, elected members agreed to loan the Stratford A&P Association $7.18m towards their vision of a multi-use facility in Stratford known as the ‘Stratford Park Project’.

More than 50 people were in attendance to hear the decision which was received with applause around the room.

As part of the loan decision, elected members also discussed conditions on the loan contract, voting to include two conditions as outlined below:

· If Council needs to obtain a credit rating in the future due to the increase in debt, the A&P Association will need to contribute $25K per annum towards the cost of this.

· In the first five years of the loan only interest repayments will be required to allow the association to focus on the development of the project.

District Mayor Neil Volzke says approval of this loan enables the project to grow from an idea to something tangible and supports a development that is expected to benefit the whole district and wider region.

“Collectively we’ve pored over the information available to us and gone through multiple meetings to reach this outcome,” he says. “Throughout the process our ratepayers have been front of mind. We’ve been careful to ensure there is no financial burden on our ratepayers.”

“As a Council we have a broader responsibility when considering our support for this project. We looked at the wider community outcomes and wellbeing of those in our district, taking into account job creation, social enjoyment and economic development benefits,” says Mayor Volzke.

Details of the loan contract will be finalised between the two parties in the coming weeks and the Stratford A&P Association will then be able to move forward with the land purchase and the wider project.

© Scoop Media

 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

Gordon Campbell: On The Demise Of The Tokyo Olympics

As the Covid vaccines roll out around the world, the Tokyo Olympics are looming as a major test of when (and whether) something akin to global normality can return – to international travel, to global tourism, to professional sport and to mass gatherings of human beings. Currently though, it looks like a forlorn hope that Japan will be able to host the Olympics in late July. Herd immunity on any significant scale seems possible only by December 2021, at the earliest... More>>

 

New Zealand Government: Cook Islanders To Resume Travel To New Zealand

The Prime Minister of New Zealand Jacinda Ardern and the Prime Minister of the Cook Islands Mark Brown have announced passengers from the Cook Islands can resume quarantine-free travel into New Zealand from 21 January, enabling access to essential services such ... More>>

ALSO:

A New Year: No politicians at Rātana in 2021

Annual celebrations at Rātana pā will be different this year, amid a decision to hold an internal hui for church adherents only… More>>

ALSO:

Government: Pre-Departure Testing Extended To All Passengers To New Zealand

To further protect New Zealand from COVID-19, the Government is extending pre-departure testing to all passengers to New Zealand except from Australia, Antarctica and most Pacific Islands, COVID-19 Response Minister Chris Hipkins said today. More>>

ALSO:

Covid: Border Exception for 1000 International Students

The Government has approved an exception class for 1000 international tertiary students, degree level and above, who began their study in New Zealand but were caught offshore when border restrictions began....More>>

ALSO:

 
 
 
 
 
 

LATEST HEADLINES

  • PARLIAMENT
  • POLITICS
  • REGIONAL
 
 

InfoPages News Channels