Results 30,381-30,400 of 32,999 for speaker:Paschal Donohoe

Public Accounts Committee: Special Report No. 77 of the Comptroller and Auditor General: Dublin Docklands Development Authority (Resumed) (26 Jun 2013)

Paschal Donohoe: I am referring to an earlier comment by Mr. Bradshaw regarding his relationship with him. Could he clarify what his relationship with him was?

Public Accounts Committee: Special Report No. 77 of the Comptroller and Auditor General: Dublin Docklands Development Authority (Resumed) (26 Jun 2013)

Paschal Donohoe: What is Mr. Bradshaw asking us to assume?

Public Accounts Committee: Special Report No. 77 of the Comptroller and Auditor General: Dublin Docklands Development Authority (Resumed) (26 Jun 2013)

Paschal Donohoe: Mr. Bradshaw is not confusing me at all.

Public Accounts Committee: Special Report No. 77 of the Comptroller and Auditor General: Dublin Docklands Development Authority (Resumed) (26 Jun 2013)

Paschal Donohoe: I am just asking questions to establish everything and Mr. Bradshaw is answering them clearly. I want to restate for the record that the totality of the contact that Mr. Bradshaw had with Mr. Coulson consisted of meeting him at one social event organised by Anglo Irish Bank and the dialogue relating to the purchase of this site.

Public Accounts Committee: Special Report No. 77 of the Comptroller and Auditor General: Dublin Docklands Development Authority (Resumed) (26 Jun 2013)

Paschal Donohoe: So we have everything that happened between Mr. Bradshaw and Mr. Coulson?

Public Accounts Committee: Special Report No. 77 of the Comptroller and Auditor General: Dublin Docklands Development Authority (Resumed) (26 Jun 2013)

Paschal Donohoe: Things had changed then but when we get to the meeting of 3 October, what had changed was that the board had made an assessment that it would be worth being involved in the purchase of this site and a discussion ensued in respect of that. Could Mr. Bradshaw briefly tell me what caused that change?

Public Accounts Committee: Special Report No. 77 of the Comptroller and Auditor General: Dublin Docklands Development Authority (Resumed) (26 Jun 2013)

Paschal Donohoe: It was 3 October so it was just under a year.

Public Accounts Committee: Special Report No. 77 of the Comptroller and Auditor General: Dublin Docklands Development Authority (Resumed) (26 Jun 2013)

Paschal Donohoe: To sum it all up, agreement had been reached between the two parties regarding the IGB site, which was the dispute we discussed earlier on, and Mr. Bradshaw's experience with a previous piece of land in the area made him committed to seeing what role the board could play in the acquisition of this site in the future.

Public Accounts Committee: Special Report No. 77 of the Comptroller and Auditor General: Dublin Docklands Development Authority (Resumed) (26 Jun 2013)

Paschal Donohoe: We move to this board meeting that took place in the DDDA office at 4 p.m. on 3 October. Section 3.1 of the notes of the meeting contains two sentences stating that the chief executive briefed the board on the confidential negotiations which he had undertaken with a developer who had indicated an intention to bid for the site and that the developer confirmed that he would welcome the...

Public Accounts Committee: Special Report No. 77 of the Comptroller and Auditor General: Dublin Docklands Development Authority (Resumed) (26 Jun 2013)

Paschal Donohoe: Why?

Public Accounts Committee: Special Report No. 77 of the Comptroller and Auditor General: Dublin Docklands Development Authority (Resumed) (26 Jun 2013)

Paschal Donohoe: This meeting?

Public Accounts Committee: Special Report No. 77 of the Comptroller and Auditor General: Dublin Docklands Development Authority (Resumed) (26 Jun 2013)

Paschal Donohoe: Okay.

Public Accounts Committee: Special Report No. 77 of the Comptroller and Auditor General: Dublin Docklands Development Authority (Resumed) (26 Jun 2013)

Paschal Donohoe: May I ask Mr. Bradshaw a number of questions in light of what he has just said to members about the minutes of the meeting? A sentence in the middle of section 3 of the notes of that meeting states that "following a full discussion, it was agreed that the Authority should offer itself as an arbitrator/negotiator to broker a deal between the two parties". The two parties to which the minutes...

Public Accounts Committee: Special Report No. 77 of the Comptroller and Auditor General: Dublin Docklands Development Authority (Resumed) (26 Jun 2013)

Paschal Donohoe: What was that company's name again?

Public Accounts Committee: Special Report No. 77 of the Comptroller and Auditor General: Dublin Docklands Development Authority (Resumed) (26 Jun 2013)

Paschal Donohoe: I thank Mr. Bradshaw. The sentence then goes on to state one "would see the development potential being unlocked for development by PC [that is Mr. Coulson] with the Port either receiving a capital payment or a percentage of the profits representing the value of its interest".

Public Accounts Committee: Special Report No. 77 of the Comptroller and Auditor General: Dublin Docklands Development Authority (Resumed) (26 Jun 2013)

Paschal Donohoe: Mr. Bradshaw is referring to the role this site could have played in unlocking both the site itself and the land around it from a development point of view. The minutes go on to state, "it would be better if it could be orchestrated so that the Port requested the Authority to undertake this role". Mr. Bradshaw should explain what that sentence means.

Public Accounts Committee: Special Report No. 77 of the Comptroller and Auditor General: Dublin Docklands Development Authority (Resumed) (26 Jun 2013)

Paschal Donohoe: If I could restate it briefly, just to make sure I understand him, Mr. Bradshaw is saying he wanted the board to play a role if it was with the joint agreement of the other two parties. Is that correct?

Public Accounts Committee: Special Report No. 77 of the Comptroller and Auditor General: Dublin Docklands Development Authority (Resumed) (26 Jun 2013)

Paschal Donohoe: That is correct. Thereafter, in this meeting, which took place after the fractious discussion to which Mr. Bradshaw referred, on 5 October, in the second sentence of section 2 it states "the potential development profit varied from €358 million to €1.1 billion." For whom was that profit?

Public Accounts Committee: Special Report No. 77 of the Comptroller and Auditor General: Dublin Docklands Development Authority (Resumed) (26 Jun 2013)

Paschal Donohoe: The development profit there is referring to the then current owners of the site, as opposed to the potential owners of the site in the role of the Dublin Docklands Development Authority.

Public Accounts Committee: Special Report No. 77 of the Comptroller and Auditor General: Dublin Docklands Development Authority (Resumed) (26 Jun 2013)

Paschal Donohoe: I wish to probe this figure and its provenance again. Its origin is on a sheet that was circulated by Mr. Paul Maloney, who was the chief executive of the authority at that time, entitled, Issues and Options. Can Mr. Bradshaw confirm to whom that profit figure on the sheet referred?