Cllr Shane O'Brien calls for Dun Laoghaire Business Improvement Scheme to be suspended pending audit
Speaking ahead of the March full council meeting of Dun Laoghaire Rathdown County Council, Cllr Shane O’Brien has stated that a request from BID DL Ltd to make an immediate advance of 25% of next year’s levies will be discussed. The advance or rolling overdraft request amounts to just under forty thousand and has been caused due to severe cash flow problems that the company now finds itself in.
Cllr O’Brien said:
“The Dun Laoghaire Business Improvement scheme was passed by way of resolution at a full council meeting in 2014, however the company DL Bid LTD which is approaching the end of its second year has encountered many problems and setbacks in its short life span.
With the collection of levies causing great concern for the continued sustainable and viable existence of Bid DL LTD. At present more than half of those liable to be levied are yet to pay and only 72% of all monies owed to the company have been collected.
Cllr O’Brien continued:
“I have questioned the delay in this request being made to the council, considering that monthly meetings have been taking play between BID DL Ltd and the council’s finance department.
“I am calling for the resignation of its board of directors, a one month suspension of the current scheme which BID DL LTD operates under, which would allow of a full audit of the companies accounts, an examination of its corporate governance and to extend the membership of BID DL Ltd beyond that of just its board to include all levy payers in Dun Laoghaire. A move which would ensure the democratic deficit which currently exists within the company is eradicated.”