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Public Accounts Committee: Special Report No. 86 of the Comptroller and Auditor General: Bord na gCon (27 Nov 2014)

Kieran O'Donnell: Will Mr. Meaney indicate how often the board meets?

Public Accounts Committee: Special Report No. 86 of the Comptroller and Auditor General: Bord na gCon (27 Nov 2014)

Kieran O'Donnell: Who attends the board meeting? Do the CEO and chief financial officer attend?

Public Accounts Committee: Special Report No. 86 of the Comptroller and Auditor General: Bord na gCon (27 Nov 2014)

Kieran O'Donnell: The board meets every month. Obviously, it is vital to get the debt level of Limerick stadium under control. I wish the representatives well on that and hope that happens sooner rather than later and that it does not go to the wire. We have to comment on what happened in the past but the stadium where it is now located is a terrific amenity for the city. It is vital that debt level is...

Public Accounts Committee: Special Report No. 86 of the Comptroller and Auditor General: Bord na gCon (27 Nov 2014)

Kieran O'Donnell: Before interest. What about after interest?

Public Accounts Committee: Special Report No. 86 of the Comptroller and Auditor General: Bord na gCon (27 Nov 2014)

Kieran O'Donnell: What about last year?

Public Accounts Committee: Special Report No. 86 of the Comptroller and Auditor General: Bord na gCon (27 Nov 2014)

Kieran O'Donnell: To what does Mr. Murnane attribute the downturn?

Public Accounts Committee: Special Report No. 86 of the Comptroller and Auditor General: Bord na gCon (27 Nov 2014)

Kieran O'Donnell: Did it historically?

Public Accounts Committee: Special Report No. 86 of the Comptroller and Auditor General: Bord na gCon (27 Nov 2014)

Kieran O'Donnell: At a nominal rent of-----

Public Accounts Committee: Special Report No. 86 of the Comptroller and Auditor General: Bord na gCon (27 Nov 2014)

Kieran O'Donnell: In, essence, it is freehold.

Public Accounts Committee: Special Report No. 86 of the Comptroller and Auditor General: Bord na gCon (27 Nov 2014)

Kieran O'Donnell: That is the point I was getting to. It is not strictly correct to say it is €4 million. That €1 million will never come into being.

Public Accounts Committee: Special Report No. 86 of the Comptroller and Auditor General: Bord na gCon (27 Nov 2014)

Kieran O'Donnell: What would be the situation in which the vendor would instigate that call option?

Public Accounts Committee: Special Report No. 86 of the Comptroller and Auditor General: Bord na gCon (27 Nov 2014)

Kieran O'Donnell: Will Mr. Murnane explain that again?

Public Accounts Committee: Special Report No. 86 of the Comptroller and Auditor General: Bord na gCon (27 Nov 2014)

Kieran O'Donnell: I know that.

Public Accounts Committee: Special Report No. 86 of the Comptroller and Auditor General: Bord na gCon (27 Nov 2014)

Kieran O'Donnell: I assume that is a contingent liability because, ultimately, the risk is that if there is any development on the site and he applies for planning and gets refused for the overflow carpark, he can call on that €1 million.

Public Accounts Committee: Special Report No. 86 of the Comptroller and Auditor General: Bord na gCon (27 Nov 2014)

Kieran O'Donnell: I did.

Public Accounts Committee: Special Report No. 86 of the Comptroller and Auditor General: Bord na gCon (27 Nov 2014)

Kieran O'Donnell: No. Some €1.4 million in costs was incurred in regard to the site filling at Greenpark but is that separate from the carpark?

Public Accounts Committee: Special Report No. 86 of the Comptroller and Auditor General: Bord na gCon (27 Nov 2014)

Kieran O'Donnell: No. Some €1.4 million was incurred on site filling at the Greenpark site. This was originally provided by the vendor at no cost. Is that separate from the carpark?

Public Accounts Committee: Special Report No. 86 of the Comptroller and Auditor General: Bord na gCon (27 Nov 2014)

Kieran O'Donnell: The €1.7 million is in addition.

Public Accounts Committee: Special Report No. 86 of the Comptroller and Auditor General: Bord na gCon (27 Nov 2014)

Kieran O'Donnell: In the original contract, was the vendor supposed to provide that surface for the carpark as well?

Public Accounts Committee: Special Report No. 86 of the Comptroller and Auditor General: Bord na gCon (27 Nov 2014)

Kieran O'Donnell: Therefore, the Chairman is correct that in addition to the €4 million, another €1.7 million was incurred which was not expected to be incurred.

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