No agreement on red-zone funding in Port Hills

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No agreement on red-zone funding in Port Hills

3News NZ

The Canterbury Earthquake Recovery Authority, Cera, want the Christchurch City Council to come up with $100 million to help pay for red-zone properties on the Port Hills.

The 285 at-risk properties have been valued at $205 million, and Cera says the costs will be equally shared.

That's a $100 million ratepayers knew nothing about and that city councillors say they knew nothing about.

Mayor Bob Parker says it's not a done deal, and that there's been no agreement on the final figure. So what’s going on?

John Sellwood spoke to Mayor Bob Parker a short time ago.

Watch the video to see the interview.

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Comments

3/07/2012 8:36:04 p.m.

the DR wrote:

lets hope that the ccc tall cera where to go but as the ccc is full of gutless on-ones it will be another large rate hike for rate payers come on councilors grow a pear and save what little integrity you have left

3/07/2012 8:36:02 p.m.

Justine wrote:

What I don't understand is why we haven't demanded the Govt explains where the estimated $400 billion that has been collected in EQC levies since the end of World War 2 has gone. This estimated figure was calculated by a retired Insurance Agent and his friends some of whom are still in the industry. After World War 2, War and Earthquake levies were included in everyone's House and Contents Insurance. They are now known as EQC levies. Why should the CCC have to pay anything and why does the Govt keep telling everyone they have to find the $30 to $40 billion dollars from their budget when we have paid into a fund which seems to have been depleted. What happened to the money? As someone who has paid into the fund through levies I would like some answers.

3/07/2012 1:28:04 p.m.

Helen wrote:

Isn't this what we paid our EQC levies for? Why on earth is the CCC being asked to contribute to this red zone payout as the previous ones were paid by the Govt? This city is turning into a miserable place to live - with those on the east (and I also mean Port Hills) living in homes that should have been demolished a year ago, while still awaiting insurance payouts. Residents have been hit with one Council rates increase and we can't afford anymore. Roll on the Council elections so we can say "goodbye" to Bob Parker, his mate Marryatt, and all the Councillors who agreed to these rates rises. Our city assets were under-insured (their mistake), but now the rate payers are asked to pay again.

3/07/2012 1:23:49 p.m.

Warren wrote:

The payout for all other red zoners was made by the Govt, but now they are coming to the CCC to contribute - there is no difference in the offers. ChCh is turning into a very expensive place to live (certainly not worth it) - as high insurance and ongoing rates increases. As soon as the Council watchdog returned to Nelson, our mayor reverts back to the man of old - cutting deals without the knowledge of all councillors. Our CCC has really let us down badly and many in this city are having trouble paying mortgages, insurance and rates on homes they can't live in, while also paying rent ... goodness knows how they can be expected to pay more in rates. If this wasn't a good reason to leave this city - I don't know what there is left.

2/07/2012 11:09:50 p.m.

Gary Miller wrote:

Sorry Bob, us rate payers won't be paying out for any back room deals you may have done over this. That's what the Insurance's and EQC ACT are there for.

2/07/2012 10:42:35 p.m.

Pete Dean wrote:

I make that around $700 on average from every ratepayer in Ch-Ch if the 100 million $ is to be paid back over a year. Likely side show Bob & his cronies will borrow the 100 mill & get us suckers to drip feed it back @ $10 a quarter. Move out to Selwyn or Waimakariri would be a good idea as I'm expecting this to be the first of a long list of ratepayer funded surprises.