John Perry (Sligo-Leitrim, Fine Gael)
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Question 423: To ask the Minister for Enterprise, Trade and Employment if he will clarify the difficulties and resolve the situation with a community based company (details supplied); and if he will make a statement on the matter. [12601/07]

Micheál Martin (Cork South Central, Fianna Fail)
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The management of IDA Ireland's industrial property portfolio, including the purchase and disposal of property, is a day-to-day operational matter for the Agency as part of the statutory responsibility assigned to it by the Oireachtas and not a matter in which I have a function.

I have been informed by IDA Ireland that, on 12th March 2007, the Agency issued a letter of offer to Manorhamilton Enterprise Forum Ltd. offering to sell them a site on a freehold basis. A freehold sale carries no covenants or user restrictions and would allow the Enterprise Forum total flexibility in the overall development of the site.

IDA policy for land sales is to obtain independent valuation by a national accredited valuer. The value submitted in this case is as a result of the independent process. The Agency has indicated to me that if the Enterprise Forum is unhappy with the valuation quoted, they are welcome to seek their own valuation for comparison purposes and revert to IDA on the matter.