|18 July 2000|
Local-Body Joint Venture
A request by boating and sailing interests to the Christchurch City Council to complete a marina at Lyttelton could possibly be met by ways other than by loan.
This was said today by the chairman of the Strategy and Resources Committee, Cr. David Close, who will chair a special committee meeting to discuss the marinas completion on Monday.
He said today that it was important to emphasise that the proposal was for a joint venture among the City Council, the Lyttelton Port Company, and the Banks Peninsula District Council.
The proposal was that the three local bodies complete and own the marina, he said.
The Committee heard a deputation from boating and sailing interests yesterday ask for help to finish stage one of the marina.
Cr. Close said the proposal was for each partner to provide $500,000 to complete the current stage.
"If the Council gives its approval, the funds will be invested in a manner which ensures the greatest degree of security, which may not be by way of loan," Cr. Close said.
Any recommendations from Mondays special meeting could go to the full Council meeting on Thursday 27 July, he said.