Oireachtas Joint and Select Committees
Thursday, 3 October 2024
Public Accounts Committee
Financial Statements 2022: University of Limerick
Special Report No. 117 of the Comptroller Auditor General: University of Limerick Property Acquisitions in Limerick City
9:30 am
Catherine Murphy (Kildare North, Social Democrats) | Oireachtas source
I do not know. I am going to move on and ask about one thing that jumped off the report of the C and AG. The developer approached first of all. Obviously, the developer would have been aware of what had happened on the Dunnes Stores site and might have sensed an opportunity and regarded the university as being a soft touch to try this.
People would not have been snapping at the developers' heels to buy these for twice the price. There was no rush on this.
I had to reread this. I read it a few times because I thought "This cannot be right". Under the terms of the contract a deposit of just €10 was paid by the university on the contract signing date. That has to be unusual. Has the Comptroller and Auditor General seen that before? Is that usual? He obviously included it in the report.
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