Local Contributor
04 August 2024, 11:38 PM
Through your paper, I would like to again put questions I put over a week ago to the General Manager of Kiama Council.
I have obviously had no response from that quarter, hence I am attempting to obtain some response via your publication.
The questions surround the payment of commission on the sale of Blue Haven Bonaira, and presumably paid or slated to be paid to Stuart Brown Advisory.
Your readers may recall that when the subject of the sale of Bonaira was first promoted by the General manger to Council, she was directed to seek a report from an 'independent' consultancy, on whether Bonaira should be retained, leased or sold. Not surprisingly, that consultancy came back to Council with a resounding affirmation that selling was the only option.
Surprisingly, an adjunct of that firm that supplied the advice to 'sell', was engaged to handle the sale process. Conflict of interest? Not according to our Council boffins! So in the interest of transparency, I believe it is fair to ask the questions – how much will Stuart Brown Advisory be paid? And will that commission be on the $95million sale price trumpeted by Mayor Reilly; or will it be on the $26million, which I understand is the amount of cash that will actually change hands?
I think it reasonable that all residents/ratepayers know the answer to these questions.
Allan Holder