Call for KCDC to Halt Investment Funds

August 22, 2018

The Deputy Chair of the Paraparaumu-Raumati Community Board is calling on the Kapiti Coast District Council to halt the establishment of two investment funds.

 

Last week, Guy Burns criticised the KCDC for ‘slipping’ the proposed investments funds into the long-term planning process and proposing to use borrowings to fund it.

 

Today he has stepped it up by calling on council to “stop the expensive process of establishing two funds, which will use debt for investment purposes, and consult with the public about the ethics” of the proposal.

 

He says that while the Mayor has said they’ll be ongoing discussion with the community, council has already decided to create the funds and to use borrowing to pursue investments in the open financial marketplace

 

He says if the Mayor wanted to discuss it with the community, “the cart has well and truly been put in front of the horse” because governance protocols have been set up and the council operations and finance committee has already approved the investment policy statement.

 

Mr Burns says council should stick to the provision of core services and reject using further borrowing to carry out risky investments.

 

He also says his local government colleagues should attack the issue, not the messenger, referring to comments by Cr Michael Scott reported by Beach FM last week and on air yesterday.

 

“Councillor Michael Scott and the Raumati Paraparaumu Community Board Chair prefer to personally attack me, rather than debate the issue," he says.

 

"The issue is whether council should be using debt to fund investment, a topic that is not being addressed."

 

The chair of the Paraparaumu-Raumati Comunity Board Jonny Best was also targetted for criticism, this time by fellow community board member Bernie Randall.

 

On Monday Mr Randall said he disagreed with his Board Chair’s public criticism of Deputy Chair, over Mr Burns' press release on the investment funds.

 

He says: “The Chair himself is using his own position as Chair to issue public statements critical of his Deputy when he himself has not discussed the matter with the Board".

 

It's clear from Mr Burns' original press release that he was expressing his personal views as all elected members are entitled to do, says Mr Randall. 

 

"Trying to invoke the Council’s code of conduct in an attempt to silence a fellow Board Member is unacceptable, especially when the Chair himself is merely stating his personal view,” says Randall.

 

"It would be better for Mr Best to work with the majority of Community Board Members to advocate on behalf of the Community and not engage publicly in petty criticism of his Deputy," he says.

 

Meanwhile, Mr Randall took to social media yesterday afternoon to say that his Admin privileges for the community board Facebook page had been removed.

 

 

 

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