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MINUTES OF A MEETING OF THE
FINANCE AND STRATEGY COMMITTEE
HELD ON WEDNESDAY, 15 APRIL 2009 AT 9.30AM
IN THE COMMITTEE ROOM, LEVEL 15
CIVIC ADMINISTRATION BUILDING
1 GREYS AVENUE
AUCKLAND

PRESENT: Councillors: Douglas Armstrong, QSO [Chairperson]
[until 11:53am, item C1; from 11:54am, item C2]
    Paul Goldsmith [Deputy Chairperson]
    Aaron Bhatnagar [until 10:40am, item 10]
    Dr Cathy Casey  
    Mark Donnelly  
  Deputy Mayor David Hay [from 9:48am, item 8; until 11:22am, item 13]
    Peseta Sam Lotu-Iiga  
    Richard Northey, ONZM  
ALSO PRESENT:   Bill Christian  
    Graeme Easte [until 11:05am, item 12; from 11:16am, item 12; until 11:22am, item 13]

  1. Top APOLOGIES

    There were no apologies.

  2. Top CONFIRMATION OF MINUTES

    That the minutes of the Finance and Strategy Committee meeting held on Wednesday, 25 March 2009 be confirmed as a true and correct record.

    CARRIED

  3. Top EXTRAORDINARY BUSINESS

    There was no extraordinary business.

  4. Top PUBLIC FORUM

    There were no requests to speak in public forum.

  5. Top REPORTS REQUESTED/PENDING

    That the reports requested/pending of the Democracy Advisor, dated 7 April 2009, be received, noting the following changes:

    1 15 February 2007 - Item C7 TBA Business Advisory Manager, Treasury Governance options for the Zoo This item was withdrawn pending the outcome of the Royal Commission on Auckland Governance's decision. If a change in Zoo governance is warranted following the Commission's announcement a report will be prepared for the committee's consideration. At 10 December 2008 Finance and Strategy Committee meeting, change in status - report recommended to Council by the Remuneration Working Party to be presented to the Finance and Strategy Committee September 2009 meeting.
    Confidential item - Officers report back on governance options for the Auckland Zoo including a preferred option. FSC agreed to defer item until September 2009 awaiting Royal Commission outcomes.

    15 April 2009 Finance and Strategy Committee agreed to change from Sept 2009 to TBA.
    2 15 October 2008 - Item 7D  from Apr-09 to
    May 2009    		 Treasury Manager Metrowater - Unaccounted Water Targets That Metrowater investigate the viability of amending the unaccounted for water targets to 12.7% in 2009-2010 and to 12.0% in 2010-2011 or to appropriate volumetric targets as suggested by last month's Finance & Strategy Committee meeting and report back to the Committee.
    To be reported at next stage of Metrowater SOI in March 2009.

    Deferred to May due to CCOs requiring more time to respond.
    6 18 March 2009 - Item 8C  from April
    to May 2009     		Corporate Financial Analyst Trusts and Reserves Officers to report on on the nature of the trusts, the criteria used for returns, the terms of the statutory reserves, how council can wrap up the trusts to start the Auckland City Charitable Trust for improvements in the city with a sitting Board of Trustees and how council can better administer the trusts and special reserves by using the funding for enhancements (ie to the Winstone park) rather than on maintenance.

    Deferred to may due to more time required for investigation.
    7 25 March 2009 - Item C1 from 29-Apr to May 2009 &Aug 09 Treasury Advisor Review of THE EDGE®'s Performance for The Half-year Ending 31 December 2008 The Edge Board is to present to the 29 April 2009 Committee meeting outlining the steps they are taking to minimise losses for this financial year.
    Deferred to May due to CCOs requiring more time to respond.

    Officers to report to August 2009 FSC meeting on the Ticketing Service performance as at 30 June 2009.
    8 25 March 2009 - Item C2 from 29-Apr to May 2009 Policy Analyst, Treasury Proposal to Provide THE EDGE®With Working Capital Funding THE EDGE®to report back to the 29 April 2009 Committee meeting with an assessment on the adequacy of their risk criteria.
    Deferred to May due to CCOs requiring more time to respond.
    9 25 March 2009 - Item C3 from 29-Apr to June 2009 Treasury Advisor Review of the Parking Advisory Board's Performance for The Second Quarter 2008/2009 The Parking Advisory Board is to report back to the 29 April 2009 Committee on their strategy to minimise any shortfalls.

    Officers to report to the May meetings of the Finance and Strategy and Transport Committees on options for compensating any loss of parking and enforcement revenues during construction projects.

    Deferred to June as will form part of the Parking Group's 3rd quarter report.

    CARRIED

  6. Top DELEGATED DECISIONS OF THE GROUP MANAGER PROPERTY AND PROPERTY MANAGEMENT MANAGER

    That the decisions made under the Group Manager Property and Property Management Manager's delegation be noted.

    CARRIED

  7. Top WORKING PARTY RECOMMENDATION ON COUNCILLOR CASEY'S NOTICE OF MOTION ON THE USE OF ELECTRONIC DEVICES BY COUNCILLORS AT COMMITTEE MEETINGS

    That the recommended guidelines from the Electronic Devices Working Party, as listed below, be adopted:

    1. That there is an overarching principle that Chairs of committees should remind the councillors at the meeting (not just voting councillors, but all in attendance) plus the audience that they should be "electronically" polite, and switch cellphones and laptops onto silent mode, and that councillors who need to make phone calls or clear voice messages, or engage in lengthy emails should leave the room and do so, and then return to the meeting.
    2. That during committee public forums and deputations that councillors should refrain from any texting, voice message clearing, answering their phones, emailing or typing on laptops. If they do not wish to listen to the member of the public or the deputation, they should leave the room. Laptops should only be used during public forum/deputations if it directly relates to note taking/research during public forum. This is equally applicable to other activities such as reading the newspaper or similar during public forums.
    3. That the use of electronic communications during committee meetings after public forums is acceptable but should be kept to a minimum when for non-council activity. Using a laptop when relevant to the debate, eg for research or note taking, is acceptable.
    4. That there is no desire to alter standing orders, but council Chairs should be encouraged to commence each meeting with a reminder for councillors, officers and the audience to turn devices onto silent, to ensure standards of politeness for public forum, and to encourage people to leave the room if they need to engage in phone calls or lengthy emails/typing.
    5. That the recommended guidelines above be circulated to all Councillors, and Committee and Community Board Chairs to enact, as meeting guidelines.

    CARRIED

  8. Top SUBMISSION TO THE LOCAL GOVERNMENT COMMISSION ON THE PROPOSAL TO TRANSFER THE HAURAKI GULF ISLANDS (EXCLUDING RANGITOTO AND BROWNS ISLAND) FROM AUCKLAND CITY AND AUCKLAND REGIONAL COUNCIL (ARC) TO THAMES-COROMANDEL DISTRICT COUNCIL (TCDC) AND ENVIRONMENT WAIKATO

    1. That the Finance and Strategy Committee approves the submission that strongly recommends that the proposal to the Local Government Commission, which seeks that the proposal to transfer the Hauraki Gulf Islands (excluding Rangitoto and Browns Islands) from Auckland City Council and Auckland Regional Council to Thames-Coromandel District Council and Environment Waikato, does not proceed; and further noting that the Royal Commission report, which has subsequently been approved by Government, was in favour of the Hauraki Gulf Islands remaining as part of Auckland City.
    2. That the Finance and Strategy Committee delegates to the Chief Executive to appear at the hearing on behalf of Auckland City Council.

    CARRIED

  9. Top AUCKLAND CITY COUNCIL SELECT COMMITTEE SUBMISSION ON FRANKLIN DISTRICT COUNCIL (CONTRIBUTIONS TO MUSEUMS) AMENDMENT BILL 2008

    1. That the Finance and Strategy Committee approves Auckland City Council making a submission to the Local Government and Environment Committee on the matter of the Franklin District Council (Contributions to Museums) Amendment Bill 2008.
    2. That Finance and Strategy Committee notes that in preparing the submission, officers take particular note of the following matters:
      1. That all Auckland City citizens should contribute to Auckland City amenities such as the museum; and
      2. That Auckland City Council wishes to be heard before the Select Committee;
      3. That an effect of the Bill will be to reduce the maximum levy calculation under the Auckland War Memorial Museum Act 1996 and the Museum of Transport and Technology Act 2000;
      4. That the proportion of levy payable by the remaining six councils will increase across the board, while Franklin District reduces;
      5. That the first levy that the legislation would be applicable to would be those payable for the 2011/12 financial year, so the change would come into effect on the same date as the other effects of the reorganisation of local government; and
      6. That the issue of boundaries defining that part of the region that is to be subject to the levies should be addressed through separate legislation arising from the current review of regional governance, which is planned to be passed this calendar year and will also affect the Auckland Museum, MOTAT and the Regional Amenities.
    3. That the Finance and Strategy Committee agrees that the final form of the submission to the Select Committee be delegated to the Chief Executive.

    CARRIED

  10. Top DECEMBER 2008 QUARTER TREASURY OUTCOMES VERSUS RISK LIMITS

    1. That the Finance and Strategy Committee notes that during the December 2008 quarter, the Treasury Group operated within the policy limits established by the Treasury Management Policy, as approved by Council, and in accordance with the strategic risk limits approved by the Treasury Management Steering Group.
    2. That the Finance and Strategy Committee notes that as at 31 December, the cost of the debt portfolio was 7.34% and the return on the Trusts & Reserves portfolio was 7.29%.
    3. That the Finance and Strategy Committee notes that following the successful placement of $100 million of bonds with institutional investors, the quantum of funding required under the retail issue reduced to $150 million.
    4. That officers report on issues related to an early future bond issue including appropriate measures which could enable that a preferential allocation of the bonds issue goes to Auckland City residents or ratepayers.

    CARRIED

  11. Top FINANCIAL REPORT FOR THE EIGHT MONTHS ENDED 28 FEBRUARY 2009

    The Chairperson moved:

    1. That the Finance and Strategy Committee notes that the financial report for the eight months ended 28 February 2009 highlighting:
      1. That councils' performance in keeping its year to date operating expenditure $11.9 million favourable to budget; and
      2. That a year to date capital expenditure under spend of $24.8 million against budget, comprising:
        • $49.0 million capital expenditure over spend, of which $10.0 million is the earlier than planned acquisition of 69 Captain Springs Road, offset by; and
        • $73.8 million year to date capital expenditure under spend.
    2. That the Finance and Strategy Committee requests that officers use their best endeavours to continue to deliver an operating surplus well in excess of budget through to the end of the year.

    Councillor Casey moved the following amendment by way of replacement to B and adding new resolution C:

    1. That officers to report on the $0.7 million under spend on Community Development Funding, Programme and Advice to the Community Services Committee.

    A division was called for amendment B, voting on which was as follows:

    For the Amendment: Against the Amendment:
    Cr Dr Cathy Casey

    Cr Mark Donnelly

    Cr Richard Northey

    		 Cr Douglas Armstrong

    Cr Paul Goldsmith

    Cr Peseta Sam Lotu-Iiga

    Deputy Mayor David Hay


    His Worship the Mayor and Councillor Bhatnagar were absent.

    The amendment B was declared LOST by 4 votes to 3.

    1. That Officers report to the Transport Committee on the $1.1 million under spend on cycleways and walkways.

    The amendment C was put by a show of hands and declared LOST by 5 votes to 2.

    The Chairperson put the substantive motion:

    1. That the Finance and Strategy Committee notes that the financial report for the eight months ended 28 February 2009 highlighting:
      1. That councils' performance in keeping its year to date operating expenditure $11.9 million favourable to budget with the expectation that full year result will be reduced to a surplus of approximately $6 million; and
      2. That a year to date capital expenditure under spend of $24.8 million against budget, comprising:
        • $49.0 million capital expenditure over spend, of which $10.0 million is the earlier than planned acquisition of 69 Captain Springs Road, offset by; and
        • $73.8 million year to date capital expenditure under spend.
      3. That savings include the sum of $500,000 due to energy efficient lighting systems that have been installed and energy savings initiatives introduced during the year.
    2. That the Finance and Strategy Committee requests that officers use their best endeavours to continue to deliver an operating surplus well in excess of budget through to the end of the year.

    CARRIED

  12. Top GOVERNANCE DELEGATIONS REGISTER AMENDMENTS

    That it be a recommendation to Council:

    1. That Council adopts the amendments to the Governance Delegations Register set out in the appendices to the Governance Delegations Register Amendments report dated 6 April 2009, noting that some delegations are being removed because they are staff delegations and others are being added because of omissions, corrections or in the case of the Regional Governance Committee further are needed and alterations, and subject to the following additional alterations:
      1. That in the delegations shown at Appendix 2, pages 46 of the report for provision RG8 be replaced by RG7 and that the amended entry in the Delegations Register be accepted to read:
    Transition RG7 Power to recommend to council the appointment of members or officers to make representations on behalf of council at select committee hearings and/or any other processes. Regional Governance Committee
    1. That the new delegations to be added to the register as shown at Appendix 2, pages 48 and 49 of the report, under sections 77B(3)(c) and 92A(2) of the Resource Management Act 1991 be amended by removing the position title "Arborist" from the list of delegates and that the entries in the Delegations Register for those sections be accepted to read:
    Resource Management Act 1991 77B(3)(c) Power to decline an application for a restricted discretionary activity. Group Manager, City Planning; Manager, Central Area Planning; Manager, Citywide Strategy; Manager, Heritage; Manager, Isthmus Outer Sector; Manager, Isthmus Inner Sector; Manager, Gulf Islands Sector; Group Manager, Auckland City Environments; Manager, Regulatory Planning; Principal Planner; Senior Arborist; Appeals Manager; Manager, Environmental Health and Licensing; Manager, Resource Consents; Manager, Hauraki Gulf Islands, ACE; Manager, Service Requests; Project Manager, Compliance; Team Leader, Incident Management; Senior Planner, Compliance; Planning Team Leader, Subdivisions; Planning Team Leader; Project Manager, Complex Consents; Planning Team Leader, Hauraki Gulf Islands; Senior Planner, Hauraki Gulf Islands; Senior Subdivisions Officer; Level 4 Planner; Resource Consent Monitoring Leader; Senior Planner, Advice and Lodgements; Senior Planner, Resource Consents; Team Leader, Hearing Commissioner
    Resource Management Act 1991 92A(2) Power to set timeframe for responding to request for further information. Group Manager, Auckland City Environments; Manager, Regulatory Planning; Principal Planner; Appeals Manager; Manager, Resource Consents; Manager, Hauraki Gulf Islands, ACE; Manager, Development Engineering; Planning Team Leader, Subdivisions; Planning Team Leader; Project Manager, Complex Consents; Planning Team Leader, Hauraki Gulf Islands; Senior Planner, Hauraki Gulf Islands; Senior Subdivisions Officer; Level 4 Planner; Senior Planner, Advice and Lodgements; Senior Planner, Resource Consents; Level 3 Planner; Level 2 Planner; Development Engineer; Manager, Central Area Planning; Group Manager, City Planning; Manager, Citywide Strategy; Manager, Heritage; Manager, Isthmus Outer Sector; Manager, Isthmus Inner Sector; Manager, Gulf Island Sector; Lead Planner, Central Area; Level 1 Planner; Subdivision Officer; Team Leader, Hearing Commissioner
    1. That in the delegation to the Specialist Hearings Subcommittee shown at Appendix 3, page 57, of the report, where the "provision number" column refers to "57A; " of the Resource Management Act 1991 that this be altered to read "357A;" and that the amended entry in the Delegations Register be accepted to read.
    Resource Management Act 1991 357; 357A; 357B; 357C; and 357D Power to hear and decide objections under the Act. This includes but is not limited to reducing or waiving financial contributions imposed as consent conditions, or granting whole or partial remissions of fees and charges. Specialist Hearings Subcommittee
    1. That the delegations shown at Appendix 3, pages 62 and 67 of the report for sections 88(3), 92A and 104 of the Resource Management Act 1991 be amended by removing the position title "Arborist" from the list of delegates and that the amended entries in the Delegations Register be accepted to read:
    Resource Management Act 1991

    88(3)

    		 Power to determine the whether the information in a resource consent application meets the minimum requirements of the Act. Group Manager, City Planning; Manager, Central Area Planning; Manager, Citywide Strategy; Manager, Heritage; Manager, Isthmus Outer Sector; Manager, Isthmus Inner Sector; Manager, Gulf Islands Sector; Lead Senior Planner, Central Area; Group Manager, Auckland City Environments; Manager, Regulatory Planning; Principal Planner; Appeals Manager; Manager, Resource Consents; Manager, Hauraki Gulf Islands, ACE; Planning Team Leader, Subdivisions; Planning Team Leader; Project Manager, Complex Consents; Planning Team Leader, Hauraki Gulf Islands; Senior Planner, Hauraki Gulf Islands; Senior Subdivisions Officer; Level 4 Planner; Resource Consent Monitoring Leader; Senior Planner, Advice and Lodgements; Senior Planner, Resource Consents; Team Leader, Hearing Commissioner; Level 3 Planner; Level 2 Planner; Level 1 Planner;
    Resource Management Act 1991

    92A

    		 Power to set timeframe for responding to request for further information.

    Group Manager, Auckland City Environments; Manager, Regulatory Planning; Principal Planner; Appeals Manager; Manager, Resource Consents; Manager, Hauraki Gulf Islands, ACE; Manager, Development Engineering; Planning Team Leader, Subdivisions; Planning Team Leader; Project Manager, Complex Consents; Planning Team Leader, Hauraki Gulf Islands; Senior Planner, Hauraki Gulf Islands; Senior Subdivisions Officer; Level 4 Planner; Senior Planner, Advice and Lodgements; Senior Planner, Resource Consents; Level 3 Planner; Level 2 Planner; Development Engineer; Manager, Central Area Planning; Group Manager, City Planning; Manager, Citywide Strategy; Manager, Heritage; Manager, Isthmus Outer Sector; Manager, Isthmus Inner Sector; Manager, Gulf Islands Sector; Lead Planner, Central Area; Level 1 Planner; Subdivision Officer; Team Leader, Hearing Commissioner
    Resource Management Act 1991

    104

    		 Duty to take matters into consideration and to exclude other matters when considering an application.

    Group Manager, City Planning; Manager, Central Area Planning; Manager, Citywide Strategy; Manager, Heritage; Manager, Isthmus Outer Sector; Manager, Isthmus Inner Sector; Manager, Gulf Islands Sector; Lead Senior Planner, Central Area; Group Manager, Auckland City Environments; Manager, Regulatory Planning; Principal Planner; Appeals Manager; Manager, Environmental Health and Licensing; Manager, Resource Consents; Manager, Hauraki Gulf Islands, ACE; Planning Team Leader, Subdivisions; Planning Team Leader; Project Manager, Complex Consents; Planning Team Leader, Hauraki Gulf Islands; Senior Planner, Hauraki Gulf Islands; Senior Subdivisions Officer; Level 4 Planner; Resource Consent Monitoring Leader; Senior Planner, Advice and Lodgements; Senior Planner, Resource Consents; Level 1 Planner; Level 2 Planner; Level 3 Planner; Team Leader, Hearing Commissioner
    1. That the delegation shown at Appendix 3, page 82 of the report for section 357(7) of the Resource Management Act 1991 be altered by removing the subsection (7) of the provision number and substituting the letter D and that the amended entry in the Delegations Register be accepted to read:
    Resource Management Act 1991 357D Power to uphold [but not dismiss] objections. Group Manager, City Planning; Group Manager, Auckland City Environments; Principal Planner; Appeals Manager
    1. That Council agrees to delegate to the Chairperson and Deputy Chairperson of the Finance and Strategy Committee and Councillor Northey the power to consider and approve the final wording of any further proposed amendments to the delegations in general and for the Regional Governance Committee.

    CARRIED

  13. Top EXCLUSION OF THE PUBLIC : LOCAL GOVERNMENT OFFICIAL INFORMATION AND MEETINGS ACT 1987

    The Chairperson moved:

    That the public be excluded from the following part(s) of the proceedings of this meeting.

    The general subject of each matter to be considered while the public is excluded, the reason for passing this resolution in relation to each matter, and the specific grounds under Section 48(1) of the Local Government Official Information and Meetings Act 1987 for the passing of this resolution follows.

    Item No. General subject of each matter to be considered Reason for passing this resolution in relation to each matter Particular interest(s) protected (where applicable) Ground(s) under section 48(1) for the passing of this resolution
    C1. DELEGATED DECISIONS OF THE GROUP MANAGER PROPERTY AND PROPERTY MANAGEMENT MANAGER Public conduct of matter would be likely to result in disclosure of information for which good reason to withhold exists under section 7. Section 7(2)(h)

    The withholding of the information is necessary to enable the local authority to carry out, without prejudice or disadvantage, commercial activities.

    In particular, the report contains references to the property's value and information that may impact on the property owner's commercial activities; identification of the site and contract terms which form the basis of negotiations between council and the landowner; sensitive information about council's proposed intentions for the site, which could prejudice or disadvantage its commercial activities.

    		Section 48(1)(a)

    The public conduct of the part of the meeting would be likely to result in the disclosure of information for which good reason for withholding exists under section 7.

    C2. WATERCARE'S 2009 STATEMENT OF CORPORATE INTENT Public conduct of matter would be likely to result in disclosure of information for which good reason to withhold exists under section 7. Section 7(2)(i)

    The withholding of the information is necessary to enable the local authority to carry on, without prejudice or disadvantage, negotiations (including commercial and industrial negotiations).

    In particular, the report will inform Auckland City Council's recommendations to SRG regarding Watercare's Statement of Intent, which in turn will influence the SRG's joint position on this issue. Its disclosure to the public, and thus to the other negotiating party, has the potential to cause prejudice or disadvantage once the negotiations with Watercare take place.

    		Section 48(1)(a)

    The public conduct of the part of the meeting would be likely to result in the disclosure of information for which good reason for withholding exists under section 7.

    C3. REVIEW OF WATERCARE'S 2009 FUNDING PLAN Public conduct of matter would be likely to result in disclosure of information for which good reason to withhold exists under section 7. Section 7(2)(i)

    The withholding of the information is necessary to enable the local authority to carry on, without prejudice or disadvantage, negotiations (including commercial and industrial negotiations).

    In particular, the report will inform Auckland City Council's recommendations to SRG regarding Watercare's Statement of Intent, which in turn will influence the SRG's joint position on this issue. Its disclosure to the public, and thus to the other negotiating party, has the potential to cause prejudice or disadvantage once the negotiations with Watercare take place.

    		 Section 48(1)(a)

    The public conduct of the part of the meeting would be likely to result in the disclosure of information for which good reason for withholding exists under section 7.

    [Secretarial note: The meeting adjourned at 11:22am and reconvened at 11:40am due to a fire evacuation.]

    Councillor Casey moved the following amendment by way of addition:

    1. That Watercare's 2009 Statement of Corporate Intent be considered in the open agenda.

    A division was called for amendment A, voting on which was as follows:

    For the Amendment: Against the Amendment:
    Cr Dr Cathy Casey

    Cr Richard Northey

    		 Cr Douglas Armstrong

    Cr Mark Donnelly

    Cr Paul Goldsmith

    Cr Peseta Sam Lotu-Iiga

    His Worship the Mayor, Deputy Mayor Hay and Councillor Bhatnagar were absent.

    The amendment A was declared LOST by 4 votes to 2.

    1. That the Committee reaffirms where appropriate in future all reports on CCO and similar organisations' matters be divided into public and confidential reports to allow transparency and public involvement in the democratic process.

    A division was called for amendment B, voting on which was as follows:

    For the Amendment: Against the Amendment:
    Cr Dr Cathy Casey

    Cr Mark Donnelly

    Cr Richard Northey

    		 Cr Douglas Armstrong

    Cr Paul Goldsmith

    Cr Peseta Sam Lotu-Iiga


    His Worship the Mayor, Deputy Mayor Hay and Councillor Bhatnagar were absent.

    Voting in the division was TIED with 3 votes for and against. The Chairperson exercised his casting vote against the amendment. The amendment B was declared LOST by 4 votes to 3.

    The Chairperson put the substantive motion:

    That the public be excluded from the following part(s) of the proceedings of this meeting.

    The general subject of each matter to be considered while the public is excluded, the reason for passing this resolution in relation to each matter, and the specific grounds under Section 48(1) of the Local Government Official Information and Meetings Act 1987 for the passing of this resolution follows.

    Item No. General subject of each matter to be considered Reason for passing this resolution in relation to each matter Particular interest(s) protected (where applicable) Ground(s) under section 48(1) for the passing of this resolution
    C1. DELEGATED DECISIONS OF THE GROUP MANAGER PROPERTY AND PROPERTY MANAGEMENT MANAGER Public conduct of matter would be likely to result in disclosure of information for which good reason to withhold exists under section 7. Section 7(2)(h)

    The withholding of the information is necessary to enable the local authority to carry out, without prejudice or disadvantage, commercial activities.

    In particular, the report contains references to the property's value and information that may impact on the property owner's commercial activities; identification of the site and contract terms which form the basis of negotiations between council and the landowner; sensitive information about council's proposed intentions for the site, which could prejudice or disadvantage its commercial activities.

    		Section 48(1)(a)

    The public conduct of the part of the meeting would be likely to result in the disclosure of information for which good reason for withholding exists under section 7.

    C2. WATERCARE'S 2009 STATEMENT OF CORPORATE INTENT Public conduct of matter would be likely to result in disclosure of information for which good reason to withhold exists under section 7. Section 7(2)(i)

    The withholding of the information is necessary to enable the local authority to carry on, without prejudice or disadvantage, negotiations (including commercial and industrial negotiations).

    In particular, the report will inform Auckland City Council's recommendations to SRG regarding Watercare's Statement of Intent, which in turn will influence the SRG's joint position on this issue. Its disclosure to the public, and thus to the other negotiating party, has the potential to cause prejudice or disadvantage once the negotiations with Watercare take place.

    		Section 48(1)(a)

    The public conduct of the part of the meeting would be likely to result in the disclosure of information for which good reason for withholding exists under section 7.

    C3. REVIEW OF WATERCARE'S 2009 FUNDING PLAN Public conduct of matter would be likely to result in disclosure of information for which good reason to withhold exists under section 7. Section 7(2)(i)

    The withholding of the information is necessary to enable the local authority to carry on, without prejudice or disadvantage, negotiations (including commercial and industrial negotiations).

    In particular, the report will inform Auckland City Council's recommendations to SRG regarding Watercare's Statement of Intent, which in turn will influence the SRG's joint position on this issue. Its disclosure to the public, and thus to the other negotiating party, has the potential to cause prejudice or disadvantage once the negotiations with Watercare take place.

    		 Section 48(1)(a)

    The public conduct of the part of the meeting would be likely to result in the disclosure of information for which good reason for withholding exists under section 7.

    CARRIED

    There being no further business the Chairperson declared the meeting closed at 12:15 pm.