Tag Archives: loan

Clare County Council has been asked for answers to a number of questions in relation to its approval in June 2021 of a €10 million loan for Ennis 2040, with the council confirming a total of €2.2m has so far been advanced to Ennis 2040 to fund the work programme underway. At the March meeting of the local authority, Councillor Tom O’Callaghan (FF) called for a discussion to be allowed in relation to the council’s approval of a loan for €10 million. The details he requested were to include the cost of the loan and it’s duration, the schedule of loan repayments by the DAC, the list of assets owned by DAC currently, as well as the purpose of loans and if the council has guaranteed all liabilities. He also questioned whether the council is financially liable in any event of unfortunate financial misadventure. Chief Executive of Clare County Council, Pat Dowling, said he was concerned about the public focus …

The Department of the Environment’s decision to scrap a national loan scheme means the council will have to pay off in the region of €8 million for land it purchased for about €5 million. Clare County Council will have to fork out an additional estimated €358,000 each year for the next 20 years to pay unexpected loan charges for undeveloped land in Ennistymon and Feakle. The circumstances surrounding the purchase of land for social housing in North and East Clare and the ending of a scheme to pay off loans taken out for social and affordable housing that was never built has been condemned as a “shambles” by Councillor Pat Burke. Having criticised expenditure totalling more than €5m for this social housing landbank, councillors had hoped that the national exchequer would bear the cost of paying off the loan debts when the council requested its transfer to the Land Aggregation Scheme (LAS). The scheme was set up by the Department …