Oireachtas Joint and Select Committees
Thursday, 2 March 2017
Public Accounts Committee
2015 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 34 - Environment, Community and Local Government
9:00 am
Marc MacSharry (Sligo-Leitrim, Fianna Fail)
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That is right with regard to the number of units, but I am referring to the highest number of units with the maximum return to the council. That internal valuation was €2 million higher than the valuation provided by Rooney Auctioneers and Chartered Surveyors, which is a very reputable and well-known valuer in Galway that does good work. They provided a valuation for the vendor who, presumably seeking to maximise his own personal return for his investment, had a valuation done, let us call it valuation "x". The council's internal valuation - and it was a matter of months before the most recent transaction on those lands - was €2 million higher. Would this be a matter of concern for the Department?