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Council withholds major project key investment indicators

The spokesman was also unable to confirm what net present value was identified through the discounted cash flow analysis undertaken on the five projects, nor could the spokesman say when the projects had been forecast to return a positive net present value.
Sources told the
Daily when it came to commercial projects, a positive net present value was considered a critical indicator as to whether or not it was worthy of investment.
The spokesman said the type of analysis the council undertook depended on the particular project.
“Factors that will influence the type of analysis chosen will include the policy and/or community objectives that are sought from a particular project and the benefits that are expected to be derived from the project, as key considerations,” the spokesman said. ....

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Councillor questions strength of paid parking resolution

The wording of a motion voted in to introduce paid parking in Mooloolaba s new multideck carpark is loose enough to leave it open to challenge says local councillor Joe Natoli.
On December 10 councillors voted at the final ordinary meeting of the year to introduce paid parking into the new Brisbane Rd carpark and an at-grade carpark in the Maroochydore CBD.
Cr Terry Landsberg, one of five to vote against the final motion, said all councillors were fully aware that to deliver the multideck carpark paid parking was required.
The initial council officer s recommendation was to receive and note the report and then amend the register of cost-recovery fees to set the pricing for the new Brisbane Rd carpark and the Maroochydore CBD facility. ....

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