Results 5,981-6,000 of 20,057 for speaker:Brian Stanley
- Public Accounts Committee: Financial Statements 2021: University of Limerick (18 May 2023)
Brian Stanley: To follow on from the point regarding the governing authority, I will take Professor Mey back to the question I previously asked her. I want to make sure we have absolute clarity on this. Is the governing authority the supreme body in the university, similar to the elected chamber in a county council, the board of directors of a company, or the board of an education and training board, for...
- Public Accounts Committee: Financial Statements 2021: University of Limerick (18 May 2023)
Brian Stanley: I want to keep this short. I do not want to prolong it for Professor Mey, myself, or anyone else. The supreme body, which is the governing authority, that looked for this report has not seen it. Is that correct?
- Public Accounts Committee: Financial Statements 2021: University of Limerick (18 May 2023)
Brian Stanley: The site we are talking about is 0.3 ha or just under 0.8 acres. That is what was presented to the governing authority. Is that correct?
- Public Accounts Committee: Financial Statements 2021: University of Limerick (18 May 2023)
Brian Stanley: It is a very limited site. It is in a good location but is a very limited site. Is it on the derelict site register?
- Public Accounts Committee: Financial Statements 2021: University of Limerick (18 May 2023)
Brian Stanley: It was on the derelict site register.
- Public Accounts Committee: Financial Statements 2021: University of Limerick (18 May 2023)
Brian Stanley: Okay. We will accept that. However, the only professional valuation, prior to the governing authority seeing this proposal in front of it, was the valuation carried out by the council, which sought it from the valuer. That has been established. That is a fact.
- Public Accounts Committee: Financial Statements 2021: University of Limerick (18 May 2023)
Brian Stanley: Is that not a fact? That was the only valuation sought in writing-----
- Public Accounts Committee: Financial Statements 2021: University of Limerick (18 May 2023)
Brian Stanley: Yes, and it was sought from a valuer. Somebody could have asked for the university's valuation in a pub because we are told that it was verbal. We have established that. That was said today and was said previously. That valuation could have been two fellas standing beside each other in the local public house, where one of them could have said, "I think it is worth so much". We do not...
- Public Accounts Committee: Financial Statements 2021: University of Limerick (18 May 2023)
Brian Stanley: Am I correct in saying that a valuation was got from a Mr. Tom Crosse of GVM Auctioneers that valued the building at no more than €5 million? Is that correct, "Yes" or "No"?
- Public Accounts Committee: Financial Statements 2021: University of Limerick (18 May 2023)
Brian Stanley: Is that incorrect? Can anybody tell me if it is incorrect?
- Public Accounts Committee: Financial Statements 2021: University of Limerick (18 May 2023)
Brian Stanley: I am not telling the witnesses where I got this information. What I am asking is whether what I am saying is incorrect. I am asking the witnesses to tell me it is incorrect. If it is not incorrect, then we have to accept it is correct. That was the only professional valuation. When was that valuation got? Was it before the crucial decision that was made at the meeting of the governing...
- Public Accounts Committee: Financial Statements 2021: University of Limerick (18 May 2023)
Brian Stanley: Am I correct in saying that was not presented to the governing authority? Am I correct?
- Public Accounts Committee: Financial Statements 2021: University of Limerick (18 May 2023)
Brian Stanley: We have established that there was a valuation, because the witnesses are not able to deny that there was, which stated the building was worth no more than €5 million. The witnesses are not able to say that it was presented to the governing authority, so we have to take it that it was not presented to the governing authority. Is that correct?
- Public Accounts Committee: Financial Statements 2021: University of Limerick (18 May 2023)
Brian Stanley: I am told by a source in the university that a decision had to be made. This site was sitting there for a long period. Dunnes Stores people are good business people. They have been knocking around a long time. They know how to value property and they know how to do deals. I think we will give them credit for that. I am sure they would have waited another 24 hours, 48 hours or maybe 72...
- Public Accounts Committee: Financial Statements 2021: University of Limerick (18 May 2023)
Brian Stanley: No, I am not delving into anything. What I am telling the witnesses is that my information is that the deputy president was clear that there was no particular urgency on the governing authority to make a decision, as if it was the Last Supper or a do-or-die job and had to be made at the meeting of the governing authority that night. It was stuck on and the members of the governing authority...
- Public Accounts Committee: Financial Statements 2021: University of Limerick (18 May 2023)
Brian Stanley: I am not even referring to the report.
- Public Accounts Committee: Financial Statements 2021: University of Limerick (18 May 2023)
Brian Stanley: I am sorry but I am going to stop Mr. O'Connor for a second. I am not referring to the report. What I am asking is if I am correct in saying that there was no urgency whatsoever about the purchase of this site. Senior people in the university were aware of that. Is that not correct?
- Public Accounts Committee: Financial Statements 2021: University of Limerick (18 May 2023)
Brian Stanley: I am not talking about the report. I do not want Mr. O'Connor to mention the report to me again. What I am asking is if I am correct in saying that there was no particular urgency on the governing authority to make this decision?
- Public Accounts Committee: Financial Statements 2021: University of Limerick (18 May 2023)
Brian Stanley: The witnesses said here before that there was an urgency. That has been published.
- Public Accounts Committee: Financial Statements 2021: University of Limerick (18 May 2023)
Brian Stanley: Does Mr. O'Connor think one of those positions be more credible than the other?