Results 501-520 of 1,069,289 for in 'Dáil debates' OR in 'Committee meetings' (speaker:Rory O'Hanlon OR speaker:Violet-Anne Wynne OR speaker:Éamon Ó Cuív OR speaker:Mairead Farrell OR speaker:James Lawless OR speaker:Brian Stanley OR speaker:Imelda Munster OR speaker:Jennifer Murnane O'Connor OR speaker:Seán Haughey OR speaker:Éamon Ó Cuív14 OR speaker:Peter Burke)

Public Accounts Committee: Financial Statements 2023: Land Development Agency (10 Oct 2024)

Brian Stanley: Mr. Coleman mentioned about having a gap to fill of €1.25 billion that the LDA needs to borrow.

Public Accounts Committee: Financial Statements 2023: Land Development Agency (10 Oct 2024)

Brian Stanley: What are the current rates with the EIB? At one stage it was flat but what are they at the moment? What would the LDA be hoping to get?

Public Accounts Committee: Financial Statements 2023: Land Development Agency (10 Oct 2024)

Brian Stanley: Mr. Coleman has some idea of what the agency will be charged out there. What is it at the moment?

Public Accounts Committee: Financial Statements 2023: Land Development Agency (10 Oct 2024)

Brian Stanley: How much would Mr. Coleman be talking about? He said it would not make sense to borrow at the moment------

Public Accounts Committee: Financial Statements 2023: Land Development Agency (10 Oct 2024)

Brian Stanley: He is right to have a figure. What is the figure in his head?

Public Accounts Committee: Financial Statements 2023: Land Development Agency (10 Oct 2024)

Brian Stanley: It might even be a bit over 5%.

Public Accounts Committee: Financial Statements 2023: Land Development Agency (10 Oct 2024)

Brian Stanley: Because of having the backstop of the State.

Public Accounts Committee: Financial Statements 2023: Land Development Agency (10 Oct 2024)

Brian Stanley: I know.

Public Accounts Committee: Financial Statements 2023: Land Development Agency (10 Oct 2024)

Brian Stanley: In that situation, a lender might be looking at it that the State would step in.

Public Accounts Committee: Financial Statements 2023: Land Development Agency (10 Oct 2024)

Brian Stanley: Regarding rentals, management companies will become more expensive in years to come. The wages they pay staff and their operating costs will go up. The rates on financing the capital may change. Corporation tax will kick in. I am trying to get my head around the likely increases in the rent relating to the cost-rental model. What sums has the LDA done in terms of annual increases in this...

Public Accounts Committee: Financial Statements 2023: Land Development Agency (10 Oct 2024)

Brian Stanley: What kind of percentage annual increase is Mr. Coleman talking about?

Public Accounts Committee: Financial Statements 2023: Land Development Agency (10 Oct 2024)

Brian Stanley: Mr. McGuane said the LDA is reviewing matters. Could it go beyond the 2%?

Public Accounts Committee: Financial Statements 2023: Land Development Agency (10 Oct 2024)

Brian Stanley: Is the LDA satisfied enough that it will be able to keep it under 2%?

Public Accounts Committee: Financial Statements 2023: Land Development Agency (10 Oct 2024)

Brian Stanley: I understand that. Legislation can change. Governments can change. I am trying to factor that in. Politics follows the money; that is the way it works. Needs must. At this stage, does it look like it is viable to retain the rate at something between 1% and 2% into the future?

Public Accounts Committee: Financial Statements 2023: Land Development Agency (10 Oct 2024)

Brian Stanley: I was just trying to get a figure for attendance. I will go back to the management fee issue. Did the LDA design the framework agreement or did it have assistance with that from management companies? Where did the LDA get that model from?

Public Accounts Committee: Financial Statements 2023: Land Development Agency (10 Oct 2024)

Brian Stanley: How much of the management fees does that the sinking fund for block A account for? Obviously, things change as a building gets older and repairs, refurbishment and all the rest are required. My understanding is that they are high quality. What percentage would be factored in for the sinking or depreciation fund?

Public Accounts Committee: Financial Statements 2023: Land Development Agency (10 Oct 2024)

Brian Stanley: What percentage of the fees is it? Say it is factored into the management fee, normally the management fee-----

Public Accounts Committee: Financial Statements 2023: Land Development Agency (10 Oct 2024)

Brian Stanley: It is not collected by the management company.

Public Accounts Committee: Financial Statements 2023: Land Development Agency (10 Oct 2024)

Brian Stanley: How much would go into each apartment every year in Citywest for the sinking fund?

Public Accounts Committee: Financial Statements 2023: Land Development Agency (10 Oct 2024)

Brian Stanley: I knew Mr. McGuane was going to tell me that. I am curious about it because, obviously, we know from other models of housing - and this has been discussed by this committee - that sometimes when things are being designed, 30 years out a problem can be found. One of them is going to be the unencumbered - it has arrived at our door - properties that came through the AHBs. When they are out...