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Public Accounts Committee: University of Limerick: Financial Statements 2019 (17 Jun 2021)

Brian Stanley: Is Professor May aware that the consultant who handled that case for the university previously acted for the Dunnes Stores seller?

Public Accounts Committee: University of Limerick: Financial Statements 2019 (17 Jun 2021)

Brian Stanley: Professor Mey is not aware of it. Has it ever been mentioned that the consultant may have been acting for the seller of the site previously?

Public Accounts Committee: University of Limerick: Financial Statements 2019 (17 Jun 2021)

Brian Stanley: Prior to the purchase of the Dunnes Stores site, UL made a request to the HEA regarding the purchase of the Opera site, which was very much a landmark site, for the same purpose. Why was the plan changed so suddenly? The timeline was extraordinarily short. What happened there?

Public Accounts Committee: University of Limerick: Financial Statements 2019 (17 Jun 2021)

Brian Stanley: At what stage is the development now? How far advanced is the university with the Dunnes Stores site? What is the timeline for bringing it into use?

Public Accounts Committee: University of Limerick: Financial Statements 2019 (17 Jun 2021)

Brian Stanley: Part of it will be brought into use in September 2021.

Public Accounts Committee: University of Limerick: Financial Statements 2019 (17 Jun 2021)

Brian Stanley: I thank Professor Mey for that. I have a couple of questions on property-related matters. It was reported last year, as I recall, that UL pulled out of buying a Georgian house in Ranelagh, Dublin. It was valued at €5 million. I understand UL had paid a deposit but received it back. Is that correct?

Public Accounts Committee: University of Limerick: Financial Statements 2019 (17 Jun 2021)

Brian Stanley: Am I correct that the chancellor may have advised against the purchase of the property because of how it would be perceived by the public? Is that correct?

Public Accounts Committee: University of Limerick: Financial Statements 2019 (17 Jun 2021)

Brian Stanley: Has Ms Fogarty no idea whether the chancellor may have raised concerns about the public perception of the purchase and whether that was the reason the university pulled out of the sale?

Public Accounts Committee: University of Limerick: Financial Statements 2019 (17 Jun 2021)

Brian Stanley: Is it the case that UL is still pursuing the purchase of property in Dublin and making inquiries about it?

Public Accounts Committee: University of Limerick: Financial Statements 2019 (17 Jun 2021)

Brian Stanley: From what the president is saying, UL has basically given up on the purchase of properties in Dublin.

Public Accounts Committee: University of Limerick: Financial Statements 2019 (17 Jun 2021)

Brian Stanley: The Deputy should be brief.

Public Accounts Committee: University of Limerick: Financial Statements 2019 (17 Jun 2021)

Brian Stanley: We have gone over time.

Public Accounts Committee: University of Limerick: Financial Statements 2019 (17 Jun 2021)

Brian Stanley: Very brief.

Public Accounts Committee: University of Limerick: Financial Statements 2019 (17 Jun 2021)

Brian Stanley: I have a couple of questions before we conclude. The president confirmed earlier that there was no written quotation on file on the large financial transaction regarding the Dunnes Stores site, which involved substantial public funding. From my limited experience, anyone who has served on the board of a company would know that if the fire extinguishers in a modestly sized building were...

Public Accounts Committee: University of Limerick: Financial Statements 2019 (17 Jun 2021)

Brian Stanley: Am I correct in saying that the role of chief corporate officer was created following that recommendation and filled by Professor Mey?

Public Accounts Committee: University of Limerick: Financial Statements 2019 (17 Jun 2021)

Brian Stanley: It was done without advertisement or competition. Is that right?

Public Accounts Committee: University of Limerick: Financial Statements 2019 (17 Jun 2021)

Brian Stanley: It was a reassignment of duties. That meant being taken away from other duties. If one takes on new duties-----

Public Accounts Committee: University of Limerick: Financial Statements 2019 (17 Jun 2021)

Brian Stanley: Whether it was a sideways shift or not does not matter. The point that I am making is that a role of chief corporate officer was created. Is that correct?

Public Accounts Committee: University of Limerick: Financial Statements 2019 (17 Jun 2021)

Brian Stanley: Am I correct in stating that it was filled without being advertised and without competition?

Public Accounts Committee: University of Limerick: Financial Statements 2019 (17 Jun 2021)

Brian Stanley: I thank Professor Mey for her evidence on that matter. I ask the witnesses to bear with me for a moment. I know it has been a difficult meeting. They set out in their opening statement that they will make progress on many of these matters and we wish them well on that. I thank the witnesses from University of Limerick for joining us. I thank the staff at the university because I imagine...

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