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Public Accounts Committee: Bord na gCon: Financial Statements 2015 (Resumed) (18 May 2017)

Marc MacSharry: I will put it on the record that to the best of my knowledge the vote was 33 to two against. Does Mr. Murnane remember the reasons the council gave?

Public Accounts Committee: Bord na gCon: Financial Statements 2015 (Resumed) (18 May 2017)

Marc MacSharry: Was it due to increased congestion in the area? Does that ring a bell?

Public Accounts Committee: Bord na gCon: Financial Statements 2015 (Resumed) (18 May 2017)

Marc MacSharry: I suggest that might be one of the reasons at the time. Bord na gCon did not get the zoning then. At that stage did the board park the theory of selling the site for a while?

Public Accounts Committee: Bord na gCon: Financial Statements 2015 (Resumed) (18 May 2017)

Marc MacSharry: Or they would sell it. In the context of AIB preparing to sell it, did they carry out an evaluation?

Public Accounts Committee: Bord na gCon: Financial Statements 2015 (Resumed) (18 May 2017)

Marc MacSharry: So they did not send in auctioneer A to review the site or to take a view on what way to proceed.

Public Accounts Committee: Bord na gCon: Financial Statements 2015 (Resumed) (18 May 2017)

Marc MacSharry: Did Dr. Brady say that following the board meeting in March 2017 where it was approved for a second time that it would proceed with the sale he informed the Department of Agriculture, Food and the Marine?

Public Accounts Committee: Bord na gCon: Financial Statements 2015 (Resumed) (18 May 2017)

Marc MacSharry: The Department of Agriculture, Food and the Marine informed the Department of Education and Skills and it came back to the board and said it should engage with the Department of Education and Skills.

Public Accounts Committee: Bord na gCon: Financial Statements 2015 (Resumed) (18 May 2017)

Marc MacSharry: Is it correct that this was in line with the Department of Public Expenditure and Reform circular? We established on the previous occasion that there is a circular but it is not a statutory instrument.

Public Accounts Committee: Bord na gCon: Financial Statements 2015 (Resumed) (18 May 2017)

Marc MacSharry: So there is nothing in law that binds the board to follow that process. Does Mr. Gleeson believe that is correct?

Public Accounts Committee: Bord na gCon: Financial Statements 2015 (Resumed) (18 May 2017)

Marc MacSharry: I suppose in the interest of good relations the board decided it should listen to the Department of Agriculture, Food and the Marine, talk to the Department of Education and Skills and pursue that approach. Was it at that time the board asked for a valuation from Savills or did it have that already?

Public Accounts Committee: Bord na gCon: Financial Statements 2015 (Resumed) (18 May 2017)

Marc MacSharry: Dr. Brady said it would be commercially sensitive to tell us the valuation at this time because the site is not sold. That is a reasonable position for now. Following the closure, whether it is sold to the Department of Education and Skills or not, at that stage could the valuation be made available to the Committee of Public Accounts, albeit that it might be in six months' or a year's...

Public Accounts Committee: Bord na gCon: Financial Statements 2015 (Resumed) (18 May 2017)

Marc MacSharry: It is unusual that Dr. Brady would pick that one.

Public Accounts Committee: Bord na gCon: Financial Statements 2015 (Resumed) (18 May 2017)

Marc MacSharry: As a matter of interest, why did Dr. Brady think of that site?

Public Accounts Committee: Bord na gCon: Financial Statements 2015 (Resumed) (18 May 2017)

Marc MacSharry: The irony is that the purchaser was also the Department of Education and Skills.

Public Accounts Committee: Bord na gCon: Financial Statements 2015 (Resumed) (18 May 2017)

Marc MacSharry: I suggest to the Chairman that we should bring in representatives of the Department of Education and Skills to talk about the purchase price of that particular site but also this one, because as an auctioneer and not having viewed the site, and I know Dr. Brady cannot give the Savills valuation, I believe the current value of the six acres at Harold's Cross, with its current zoning, is...

Public Accounts Committee: Bord na gCon: Financial Statements 2015 (Resumed) (18 May 2017)

Marc MacSharry: Everything is agreed at €23 million or nothing is agreed. It is not staggered in that Bord na gCon will get €13 million and the other €10 million later.

Public Accounts Committee: Bord na gCon: Financial Statements 2015 (Resumed) (18 May 2017)

Marc MacSharry: This deal with the Department of Education and Skills is subject to rezoning.

Public Accounts Committee: Bord na gCon: Financial Statements 2015 (Resumed) (18 May 2017)

Marc MacSharry: On what basis do we believe the outcome would be any different with the county council, given the 33-2 defeat that happened the last time?

Public Accounts Committee: Bord na gCon: Financial Statements 2015 (Resumed) (18 May 2017)

Marc MacSharry: Of course.

Public Accounts Committee: Bord na gCon: Financial Statements 2015 (Resumed) (18 May 2017)

Marc MacSharry: I would say it was-----

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