Marina CCO proposal Debate

Economic Benefits - Revenue

Option 3

Citizens supporting Option 3 emphasize its potential to generate profits, which they believe could enhance the long-term planning and resilience of the marina. They argue that this option would provide financial returns in the form of dividends, thereby offering a tangible benefit to ratepayers. Additionally, there is a call for improved accountability and effectiveness in how council-controlled companies manage and report on financial returns, suggesting the establishment of specific dividend targets and annual public reporting on these targets.

Table of comments:

Point No	Comment
773.4	It seems like receiving profits can then further leverage the long term planning requirements and boost the resiliency of the marina.
959.4	OPTION 3 … must be agreed as it provides a dividend.
1072.4	it is a significant asset that should be giving the ratepyer a return and be open to public scutinary.
1216.4	It appears that Council controlled companies not providing good returns. Council governance needs to take a sharper interest in the returns it is getting from its assets and at least have a set of indicative dividend targets the assets should return. hese Council governance should publicly investigate and report on how these targets are met or not, each year.