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

John Brady: I am in possession of the proposal that came before the governing authority. When did it come before the governing authority?

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

John Brady: Okay. So, three days after the application was submitted to the HEA for the Opera site, a proposal came before the governing authority?

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

John Brady: I presume the proposal that came before the governing authority at that particular meeting was an agenda item for the meeting?

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

John Brady: Was it an agenda item for that particular meeting?

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

John Brady: It was not? Okay.

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

John Brady: I am trying to establish facts, Professor Mey. It was not an agenda item for that particular meeting. We have some of the minutes and it appears that the proposal for the Dunnes Stores site was brought up under any other business, AOB.

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

John Brady: I am just trying to establish the facts.

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

John Brady: When was that request made?

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

John Brady: The proposal itself is very limited. It is a two-page proposal. Do we know when it was drafted?

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

John Brady: It was presented under AOB at that particular meeting.

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

John Brady: In my view, the proposal that was presented tries to portray that due diligence was carried out on the site. Indeed, underlined and in bold text, it states significant advantages of this over the Opera site are both the potential for future development and the ability to deliver very quickly a fully functioning building. As part of the process in bringing that proposal forward, was an...

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

John Brady: That is fair enough. I am just trying to establish facts.

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

John Brady: I am just trying to establish facts. Was an engineer's report produced in advance of this proposal?

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

John Brady: It is a very straightforward question.

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

John Brady: I am sorry, Mr. O'Connor, but I am conscious of time. I know that subsequently, different engineering reports were produced in late May-----

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

John Brady: There were some engineering reports. Okay. Again, this report talks about limited early engineering assessment. In my view, that does not constitute an engineer’s report, so there was no proper report produced and presented to the governance authority. I think I would be safe in saying that. Was a business case presented to the governing authority or prepared in advance?

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

John Brady: A limited case. Okay. Was an independent valuation carried out on the site? We know that Limerick City and County Council a number of years previously had put a value of €3 million on the site and we know Dunnes Stores was looking for €10 million for the site. Was an independent valuation carried out in preparation for presenting this to the governing authority?

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

John Brady: I am aware of that. Was an independent valuation carried out by UL before purchasing this site and before presenting the report and looking to spend €8.4 million of taxpayers’ money? Was there an independent valuation?

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

John Brady: Was there an independent valuation carried out by UL?

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

John Brady: In relation to the site itself, it had been until a number of years previously operated by Dunnes Stores and zoned as retail. In terms of the engagement by UL with the local authority on the zoning of the site, what engagement had been carried out with regard to the zoning and what would be necessary in terms of change of use to education? What engagement had been carried out?

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