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Public Accounts Committee: Financial Statements 2021: University of Limerick (18 May 2023)

Brian Stanley: There was a proposal brought before the governing authority on the day before, under AOB, to spend €8.3 million on a building which was registered on the derelict sites register. What the Deputy is trying to find out, and what the committee wants to know, is whether there was a quantity surveyor's report, an architect's report, an engineer's report, or a technical report of any kind....

Public Accounts Committee: Financial Statements 2021: University of Limerick (18 May 2023)

Brian Stanley: I will state what we are trying to find out and will give the Deputy an extra couple of minutes. At the point at which the proposal was brought before the governing authority, was technical assessment carried out, whether an architect's report, a quantity surveyor's report or an engineer's report?

Public Accounts Committee: Financial Statements 2021: University of Limerick (18 May 2023)

Brian Stanley: Was there a professional valuation? That is the question the Deputy is asking.

Public Accounts Committee: Financial Statements 2021: University of Limerick (18 May 2023)

Brian Stanley: The Deputy’s time is up. I will let him back in again later. I call Deputy Verona Murphy.

Public Accounts Committee: Financial Statements 2021: University of Limerick (18 May 2023)

Brian Stanley: Was it advertised? I think that is the question the Deputy is asking.

Public Accounts Committee: Financial Statements 2021: University of Limerick (18 May 2023)

Brian Stanley: I do not think they have to answer. The question is-----

Public Accounts Committee: Financial Statements 2021: University of Limerick (18 May 2023)

Brian Stanley: When the accounts are produced, the names will be there, I am sure.

Public Accounts Committee: Financial Statements 2021: University of Limerick (18 May 2023)

Brian Stanley: Deputy McAuliffe is next.

Public Accounts Committee: Financial Statements 2021: University of Limerick (18 May 2023)

Brian Stanley: Professor Mey, it is enormously frustrating for the Deputy. He has asked a question in a number of ways and is trying to get an answer to it. Perhaps it is a question for Mr. Kelly or the director of finance. Will someone please answer the question? Did the university pay above market value for the site? We know there are two other valuations, including one the university obtained....

Public Accounts Committee: Financial Statements 2021: University of Limerick (18 May 2023)

Brian Stanley: Let us put it this way on the point of when this was bought. A company with a turnover of €2 million or €3 million per year that spends a couple of hundred thousand euro on something would get a number of prices and independent valuations. Can Mr. O'Connor clarify whether the valuation by the council was from a professional valuer? That is my understanding. There might be a...

Public Accounts Committee: Financial Statements 2021: University of Limerick (18 May 2023)

Brian Stanley: Yes, and it is on the derelict sites register. I call Deputy Munster.

Public Accounts Committee: Financial Statements 2021: University of Limerick (18 May 2023)

Brian Stanley: I would ask the Deputy not to ask for the name of the person.

Public Accounts Committee: Financial Statements 2021: University of Limerick (18 May 2023)

Brian Stanley: It is available.

Public Accounts Committee: Financial Statements 2021: University of Limerick (18 May 2023)

Brian Stanley: There are conditions put on this by the Committee on Procedure and Privileges which, unfortunately, we do not have control over.

Public Accounts Committee: Financial Statements 2021: University of Limerick (18 May 2023)

Brian Stanley: I might not disagree with you on that. When we read the documents people will be able to work out-----

Public Accounts Committee: Financial Statements 2021: University of Limerick (18 May 2023)

Brian Stanley: -----who the personalities are that are involved.

Public Accounts Committee: Financial Statements 2021: University of Limerick (18 May 2023)

Brian Stanley: Before bringing in the next witnesses, I want to ask Professor Mey something in relation to the McKenna report. I did not want to hold up the questioner at the time. The thought that crossed my mind was whether the university is willing to supply that to us with the names redacted on it. Would that be helpful with regard to making it easier to supply the McKenna report to us?

Public Accounts Committee: Financial Statements 2021: University of Limerick (18 May 2023)

Brian Stanley: Maybe Professor Mey might come back to me within a week or a fortnight on that.

Public Accounts Committee: Financial Statements 2021: University of Limerick (18 May 2023)

Brian Stanley: I thank Professor Mey, and I will bring in Deputy Ó Cathasaigh next.

Public Accounts Committee: Financial Statements 2021: University of Limerick (18 May 2023)

Brian Stanley: The question the Deputy is asking is has a cost-benefit analysis been proposed. Yes or no.

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