Limerick City Hall to write to NAMA again on Opera Centre - Anne Sheridan ->
limerickleader.ie/news/busin … _1_2662727
LIMERICK City Council plan to write to the National Asset Management Agency again as they are not satisfied with the reply they have received from the bad loans agency on the Opera Centre site.
City Hall wrote to the developers of the site, Regeneration Developments Ltd, and NAMA expressing concerns about dereliction and their hopes that the stalled €350m project might finally see construction begin after five years of setbacks.
there is more
Looks like NAMA sent them a P.F.O. letter.
NAMA questioned about County Limerick estate - Norma Prendiville ->
limerickleader.ie/news/local … _1_2659205
DEPUTY Niall Collins has written to the National Assets Management Agency to ask if a planned ‘satellite town’ in Clarina will come under their remit.
This comes after the Limerick Leader revealed that one of the management companies behind the project was struck off by the companies registration office.
Clarina Retirement Village Management Limited, responsible for managing facilities in the Cois Carrig estate in Clarina was struck off for the non-filing of records. The Cois Carrig estate exists alongside Aos Cluain and Cil Choide.
there is more
Call for Nama to provide housing - Marie O’Halloran ->
irishtimes.com/newspaper/ire … 47417.html
Mr Kenny said “we will tell the people the truth”. Ms McDonald said it was “getting a little tedious in this House that when a straight question is put to the Taoiseach he runs for cover behind the record of his predecessors”.
The Taoiseach said “the Government will deal with the challenges of the economic legacy that it has inherited”. Minister of State for Housing Willie Penrose would report to the Dáil “in the not-too-distant future” on Nama’s housing stock and there would be a “social dividend”. Mr Kenny said they “cannot do it all over Ireland but we must start with some measure of facility provision for people who are disadvantaged”.
there is more
Nama accused in pig farm feeding row ->
irishtimes.com/newspaper/ire … 78611.html
Nama has rejected a claim by a Fine Gael TD that its handling of a pig farm operation could lead to the slaughter of 20,000 pigs as it was not prepared to pay for their feeding.
Tom Barry (North Cork) made his allegation on RTÉ radio yesterday when he said Nama wanted pigs slaughtered on a farm under its control.
He said agreements between AIB and the farm owner were not being honoured and the pigs faced destruction if feed was not supplied. A spokesman for Nama said it was not directly involved in managing the farm, which was being handled on its behalf by AIB. It emerged, last night, that bank funding had been made available for feed.
That’s shocking journalism.
Questions not addressed
who was the developer?
who was are directors of Clarina Retirement Village Management Limited?
No wonder NAMA is doomed. BOSI and ACC have massive impaired loan books but don’t have to put with this shite talk.
If NAMA is up and running for the next 20 years, how long do you think it will be before ‘outside’ interference begins to dictate their decision making ?
begins to dictate?
They have brought this on themselves with their behaviour generally and constant public chatterings.
The message from the start should have been to downplay their duties to other stakeholders - ‘We’re a bank maximising our returns, nothing more than that, leave us alone’
The devil is always in the detail isn’t it?
Offence of lobbying NAMA – Section 221 – NAMA Act
(1) Subject to subsections (3) and (4), if a person communicates,
on behalf of another person, with NAMA, a NAMA group
entity or a person providing services or advice to NAMA or a
NAMA group entity with the intention of influencing the making of
a decision in relation to the performance of the functions of NAMA
or the NAMA group entity, the person commits an offence.
(2) Without prejudice to the generality of subsection (1), a reference
in that subsection to a decision relating to the performance of the functions of NAMA includes a decision relating to—
(a) the lending of money,
(b) the initiation of legal proceedings,
© legal proceedings in being,
(d) the engagement of the services of an expert adviser or other service provider,
(e) any other matter that could give rise to an advantage or benefit to a person other than NAMA,
(f) a tender, or
(g) the purchase or sale of property.
(3) It is not an offence pursuant to subsection (1) if the communication
(a) is made public at the time of the communication,
(b) is made without an intention to benefit, or confer an
advantage on, any specific person, or
© is made in the public interest.
(4) It is not an offence pursuant to subsection (1) if the person
who makes the communication concerned—
(a) is acting in his or her professional capacity or in the course
of his or her employment, and
(b) does so in that capacity.
(5) A person who believes that he or she has been communicated
with in contravention of subsection (1) shall, as soon as may be,
(a) that the communication was made,
(b) the details of the communication made, and
© the name of the person who communicated with him or
her, to a member of the Garda Síochána.
(6) A person who fails to comply with subsection (5) commits an
(7) A person who commits an offence under this section is liable
on summary conviction to a fine not exceeding €1,000 or imprisonment
for a term not exceeding 6 months or both.
Department of Health to meet NAMA on new PC centres - Dara Gantly ->
imt.ie/news/latest-news/2011 … ntres.html
The Minister of State at the Department of Health with responsibility for Primary Care is hoping to set up a meeting with the National Asset Management Agency (NAMA) to explore the possibility of converting buildings under its control into primary care centres.
Stating that we had to be “creative”, Minister Róisín Shortall accepted that we might not be able to get the ‘Rolls-Royce’ of primary care centres under the current financial constraints, but that “we will have to do our best”.
Speaking in Dublin last week, the Minister said progress to date had been “extremely disappointing” and the definition of ‘holding clinical meetings’ was unsatisfactory. “I have asked the HSE to come up with a categorisation… to indicate how many are fully functioning and how many are at an early stage.”