Submission
Which option do you prefer?
Option One – Council's preferred option – Sale of Aurora Energy
Further comment
I support the sale of Aurora subject to the fund being set up afterwards at arms length from the Councilors. We have a history of financially illiterate Councilors wasting money, and I would hate to see the fund frittered away by future Councils changing the rules so they could access it. By definition, the more incompetent the Council, the more likely they are to raid the cookie jar for their vanity projects... Set it up so the fund must ALWAYS be managed by appropriate professionals outside of the Council organisation, with capital value protection a priority, and distributions at the discretion of those managing the funds. Then Councilors may mismanage the distributions but not devalue the fund.
Supporting information
No associated documents with this submission.
Submitter
Submission id number: 1045550
Submitter name:
Norman Evans
Organisation