The GB Weekly - 28 May 2021

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Friday 28 May 2021

Grandstand gets go-ahead

Making a stand: From left, Noel Baigent, Hazel Pearson, Duncan McKenzie and Jill Pearson in front of Golden Bay’s grandstand. Photo: Jo Richards. JO RICHARDS

decision, and over the following four years, from the A&P Association, the Rec Park and Supporters of Golden Bay’s grandstand supporters adopted a more active campaign, sport clubs. “It’s responsible for the grounds finally have something to cheer about. which included mass rallies, 24/7 occupation and all the buildings except the Rec Park Centre,” says Noel. “It’s a big thing.” Last weeks’ decision by Tasman District of the grandstand, and High Court action. In the light of TDC’s funding decision, the Council to bring Long Term Plan funding In June 2018, the historic building came forward means the historic structure should be within hours of being demolished, but was A&P Association has approved the formation useable in time for next year’s A&P Show – the granted a reprieve, when TDC called off its of a grand-stand subcommittee to administer association’s 125th. contractors at the 11th hour. Days before, a the raising of public funds to complement the “This is more than good news, this is the public rally attracted over 200 supporters to reconstruction. “From here on in this will play best news I’ve heard since 9 February 2016,” the Rec Park where they were told by Gerard an important role,” says Noel. It all adds up to this month being another says vice-president of the A&P Association Hindmarsh, “The gloves are off. Anything goes.” Noel Baigent, referring to the supporters’ five- The following week the GB Community Board major turning point in the grandstand’s year-long campaign to preserve and restore meeting was invaded by dozens of placard- future. With TDC having made provision for the grandstand. waving protestors demanding the retention up to $900,000 for the design, consenting and heritage approvals, plus the necessary That long and, at times, bitter campaign of the grandstand. kicked off shortly after the 2016 A&P Show “That was a milestone,” says Noel of the construction work, the race is now on to get when Noel realised that the construction of community board protest. “A real turning the structure useable by January 2022. To help progress the work, TDC have appointed Joe the new Rec Park Centre need not result in point.” the demolition of the grandstand. “I asked the Having turned a corner, there were still Bywater - a member of its engineering team Golden Bay Community Board why it needed many bumps in the road, but in March 2020 to be project manager. In deeds and words, there appears to be a to be removed,” says Noel. TDC agreed to retain the grandstand on Trustee of the Golden Bay Grand Stand the proviso that restoration work would will within TDC to find a way. In her letter to the Community Trust Jill Pearson explains that start within three years and a new Rec Park A&P Association dated 7 May, TDC CEO Janine Dowding states that council will “make best supporters initially appealed to TDC’s better Management Committee was established. instincts. “We asked nicely,” says Jill. The new committee, which held had its endeavours to progress the project… and the ∙ QUALITY WORKMANSHIP ∙ LOCAL and the community will ... It soon became clear, however, that “asking FRIENDLY inaugural meeting three weeks ago, includes council nicely” was not going to alter the council’s the Bay’s two councillors plus representatives Continued on page 7 Ray White is proud to support

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THE GB WEEKLY, FRIDAY 28 MAY 2021

JO RICHARDS

As the fallout from Tasman District Council’s deliberations on its Long Term Plan (LTP) 2021-2031 continues, some lack of clarity remains regarding the options for funding Waimea Dam cost overruns. As part of the LTP process, the public was asked to provide feedback on four options. In submitted responses there was overwhelming support for option D, which proposed a new targeted rate levied solely on irrigators. However, by a narrow margin, councillors backed a revised version of option A which specifies a combination of contractual arrangements and a districtwide rate limited to five years. The revision was made following negotiations with Waimea Irrigators Ltd (WIL), Waimea Water Ltd (WWL) and Crown Irrigation Investments Ltd (CIIL). The revised option A was recommended to councillors in a supplementary report (17 May) prepared by TDC’s corporate and governance services manager Mike Drummond. The arguments presented in the report focus on the risk of litigation by WIL, particularly if option D was adopted, and are a response to “concerns raised in submissions on the difficulties small shareholders face with the targeted rate on land value”. There are numerous minority shareholders, but that doesn’t necessarily mean they are small enterprises. According to WIL’s share register (2/11/2020) a total of 3096 shares have so far been issued to 273 shareholders. While there are some who own large holdings, there are currently 56 shareholders with only a single share. In its recent submission on the TDC’s LTP consultation document, WIL makes clear its opposition to a targeted rate, stating that it had assured investors [in its Product Disclosure Statement, October 2018] that “the cost upside risk was capped, which was a key factor in the decision of many WIL shareholders to take up shares”. It’s not just current shareholders that WIL is concerned about in its submission, but future investors. “The WIL Board’s view is that either target rating or water charge increases would make the WIL’s shares unaffordable and further share sales unrealistic.” One of the key questions, which dates back to 2018, is whether WIL was aware that TDC might levy a targeted rate in the case of cost blowouts, and if so, whether they chose not flag the possibility to potential investors when shares were initially offered in October 2018. Continued on page 6

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