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Public Accounts Committee: Business of Committee (18 Jul 2013)

Kieran O'Donnell: I support that.

Public Accounts Committee: 2011 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 15 - Valuation Office
(18 Jul 2013)

Kieran O'Donnell: I have not been here for all of the meeting. Therefore, I may be going over ground already covered, but when Mr. O'Sullivan says in his presentation that this landmark - he was referring to Waterford and Dublin - will increase the commercial revaluations in monetary terms to over 50%, does he mean that the overall valuation of the properties involved will increase in monetary terms by 50%?

Public Accounts Committee: 2011 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 15 - Valuation Office
(18 Jul 2013)

Kieran O'Donnell: Has Mr. O'Sullivan already clarified it?

Public Accounts Committee: 2011 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 15 - Valuation Office
(18 Jul 2013)

Kieran O'Donnell: To follow up on a variation of Deputy Deasy's point, how many of the properties the office has revalued to date have increased in value? If I understood him correctly, Deputy Deasy said there appeared to be a differential between the revaluation of industrial properties as distinct from the revaluation of retail properties; that in some cases the valuation of industrial properties had...

Public Accounts Committee: 2011 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 15 - Valuation Office
(18 Jul 2013)

Kieran O'Donnell: Is Mr. Lavelle basing that on valuations or on market values in 1988 versus market values today?

Public Accounts Committee: 2011 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 15 - Valuation Office
(18 Jul 2013)

Kieran O'Donnell: They are virtually identical.

Public Accounts Committee: 2011 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 15 - Valuation Office
(18 Jul 2013)

Kieran O'Donnell: Will Mr. Lavelle focus on retail properties?

Public Accounts Committee: 2011 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 15 - Valuation Office
(18 Jul 2013)

Kieran O'Donnell: In the case of some businesses, particularly small businesses - obviously, I want to ask Mr. Lavelle about the position in Limerick because I am interested in what is happening there - rates as a percentage of their overall costs are higher than rents because of the way things have progressed. Rents have dropped, but rates are the key factor for many of them in making a business decision....

Public Accounts Committee: 2011 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 15 - Valuation Office
(18 Jul 2013)

Kieran O'Donnell: Retail or industrial?

Public Accounts Committee: 2011 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 15 - Valuation Office
(18 Jul 2013)

Kieran O'Donnell: The point I am making is that they will not see any increase. They will more than likely see a decrease.

Public Accounts Committee: 2011 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 15 - Valuation Office
(18 Jul 2013)

Kieran O'Donnell: Moving on to the retail sector, which is under enormous pressure, particularly in city centres, where businesses are hanging in, so to speak, we want those in the sector to stay in business because if we want people to walk down the high street there has to be something on offer. If there is nothing on offer people will not come into the city centres. Mr. Lavelle might tell me the...

Public Accounts Committee: 2011 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 15 - Valuation Office
(18 Jul 2013)

Kieran O'Donnell: How far advanced is the office in that regard?

Public Accounts Committee: 2011 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 15 - Valuation Office
(18 Jul 2013)

Kieran O'Donnell: Can Mr. Lavelle give me a timeframe?

Public Accounts Committee: 2011 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 15 - Valuation Office
(18 Jul 2013)

Kieran O'Donnell: Will the office do the industrial side concurrently with the retail side?

Public Accounts Committee: 2011 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 15 - Valuation Office
(18 Jul 2013)

Kieran O'Donnell: Is it doing all the industrial bodies first and then moving on to retail for valuations?

Public Accounts Committee: 2011 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 15 - Valuation Office
(18 Jul 2013)

Kieran O'Donnell: Mr. Lavelle expects to have it fully concluded by December of 2014.

Public Accounts Committee: 2011 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 15 - Valuation Office
(18 Jul 2013)

Kieran O'Donnell: Proposed certificates will be issued in March 2014.

Public Accounts Committee: 2011 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 15 - Valuation Office
(18 Jul 2013)

Kieran O'Donnell: Can they appeal at that time?

Public Accounts Committee: 2011 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 15 - Valuation Office
(18 Jul 2013)

Kieran O'Donnell: It is a discussion.

Public Accounts Committee: 2011 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 15 - Valuation Office
(18 Jul 2013)

Kieran O'Donnell: Is that an existing statutory process and not one under the new Act?

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