The mayor of Glamorgan Spring Bay Council reveals it is considering borrowing $600k to complete the pipeline contract with Tassal.
A council on Tasmania's east coast will consider going into more debt to finish a $6 million pipeline to supply fresh water to the Okehampton Bay operations of salmon giant Tassal.The Glamorgan Spring Bay Council has already borrowed $6m for the Tassal water pipeline for Okehampton BayThe council has revealed it is seeking legal advice and will consider further debtand in September formally asked Tassal to make up the $600,000 shortfall.
Three months on, the money has not been forthcoming, so the council has had to consider other options. Glamorgan Spring Bay Mayor Debbie Wisby said the council engaged lawyers and an accounting firm to prepare a report on the best way forward.In September, councillor Wisby said the council had alreadyDespite this, the council will consider borrowing more money in order to honour its contract with Tassal.
Mayor Wisby said expert advice from lawyers and the council's accountant would be put to councillors at a meeting next week.Former councillor concerned about more debt It is unclear how a decision to borrow more money could affect the municipality of less than 5,000 people and whether rates would have to go up.
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Daniel Radclifef speaks out about Meghan MarkleDaniel Radcliffe says he feels 'terrible' for the Duchess of Sussex, Meghan Markle. 9News
Read more »
Boss’s alleged sick threats to workerA vice president at CNN threatened to “kill” a longtime employee over a race discrimination lawsuit he filed earlier this year, a new lawsuit claims.
Read more »
AFL eyes off a groundswell of Kimberley talent, but local leagues want supportWith increasing numbers of Kimberley players reaching AFL level, locals want to ensure the right structures are being put in place.
Read more »
NSW firefighters battling more than 100 blazes which could take 'many weeks' to quashMore than 100 fires are burning across NSW including a 'mega-fire' the size of Sydney as authorities brace for temperatures to soar into the 40s early next week.
Read more »
Raging fire near Sydney's outskirts could take 'many weeks' to quashThe Gospers Mountain 'mega-fire', which is raging near Sydney's northwestern outskirts, has already scorched around 335,000 hectares.
Read more »
Adelaide is moving into the 'grey zone', and there's one thing that could fix itExperts are warning Adelaide is entering the 'grey zone', but there is one solution that could put it back on track.
Read more »