Having just received a petition signed by more than 2000 members of our community (62 per cent of the number of votes cast in the most recent DCCC election), the councillors again showed their arrogance by voting to provide an access road for private development Wallaroo Shores at a cost of $5.25million when they have recently told the residents and ratepayers living on unsealed roads they would have to help pay for their roads to be sealed.
I for one cannot see any value to ratepayers and residents from this project. I can see the developer would gain substantially by having the necessary loan and therefore debt on council’s book and not theirs. The council cannot recover all of this money, with interest, through rates for many years.
The financial risk to the residents and ratepayers is the developer goes bankrupt, as did The Dunes and Wallaroo marina developers more than once.
I would love to hear from our elected representatives and our employees at the council, just what benefit the community will get, especially as there is an oversupply of housing and commercial premises in this council area.
This is just another example of “rolling projects” being out of control. I believe if our council was a company and our councillors the directors, then ASIC would by now be investigating it and the company secretary (CEO) for all sorts of breaches.
John Powell, Moonta Mines