Goooooogle 10 #1 Posted July 7, 2015 A VERY interesting site - people are posting their FOI requests (and the responses) - this is the link to SCC items... https://www.whatdotheyknow.com/body/sheffield_city_council/successful?#results Some nuggets: 1 - The portion of the Amey Streets ahead contract to be paid by SCC - £ 800 MILLION. https://www.whatdotheyknow.com/request/contract_with_amey_2#incoming-671171 2 - SCC has outstanding (as of end 2011) £ 313 Million of LOBO loans. Some of which are being paid at rates up to 5.9% with maturity dates out to 2077 !! https://www.whatdotheyknow.com/request/lobo_loan_information#incoming-659218 Share this post Link to post Share on other sites Share this content via...
woodmally 10 #2 Posted July 7, 2015 I know its not really Sheffield related but Derreck Tickles is funny. https://www.whatdotheyknow.com/user/derek_tickles He apparently worked for Communities and Local Government under Eric Pickles (hence the pseudonym). He spends all of his time writing stupid FOI requests. An FOI troll if you like. Share this post Link to post Share on other sites Share this content via...
scottf 21 #3 Posted July 7, 2015 So we are getting 2 billion pounds worth of street repairs for 800 million? Sounds like a good deal to me, well done sheffield council. Share this post Link to post Share on other sites Share this content via...
dutch 68 #4 Posted July 7, 2015 Dispatches was all about LOBO loans last night. Usually never watch dispatches, it only gets you upset if you take these things serious and believe it is ruining your live when council wastes all that money. Share this post Link to post Share on other sites Share this content via...
Goooooogle 10 #5 Posted July 7, 2015 So we are getting 2 billion pounds worth of street repairs for 800 million? Sounds like a good deal to me, well done sheffield council. It does doesn't it? Except you don't get owt for nowt.. Sheffield taxpayers will be footing the bill for this scam for 50+ years. If you thought the World Student games was a millstone round our necks , just wait for the scandal about this one to come out. Of course by then , the councillors involved in setting this up will be long gone...and the fees pocketed by all and sundry well spent. Share this post Link to post Share on other sites Share this content via...
Timeh 10 #6 Posted July 7, 2015 Why will it be a scandal? Share this post Link to post Share on other sites Share this content via...
Cyclone 10 #7 Posted July 7, 2015 It does doesn't it? Except you don't get owt for nowt.. Sheffield taxpayers will be footing the bill for this scam for 50+ years. If you thought the World Student games was a millstone round our necks , just wait for the scandal about this one to come out. Of course by then , the councillors involved in setting this up will be long gone...and the fees pocketed by all and sundry well spent. How is it a scam? 2 billion pound contract to repair and maintain roads for 20 years. Costing us 800 million. Yet you think it's a scam. Don't you think that 20 years of road maintenance alone would cost the council more than 800 million? ---------- Post added 07-07-2015 at 10:21 ---------- If you thought the World Student games was a millstone round our necks , just wait for the scandal about this one to come out. And the WSG wasn't any kind of millstone. Share this post Link to post Share on other sites Share this content via...
Goooooogle 10 #8 Posted July 7, 2015 How is it a scam? 2 billion pound contract to repair and maintain roads for 20 years. Costing us 800 million. Yet you think it's a scam. Don't you think that 20 years of road maintenance alone would cost the council more than 800 million? ---------- Post added 07-07-2015 at 10:21 ---------- And the WSG wasn't any kind of millstone. That £ 800 Million will turn into over £ 2 billion as the debt will be continually rolled over into more and more loans. SCC will be repaying it for 50 + years And the fees paid to the brokers to arrange the loans to pay for this will run into millions of pounds. We are still paying for the WSG. We wont be clear for at least another 10 years. The cost for that was about £ 200 million and the eventual total is well over £ 600 million. Share this post Link to post Share on other sites Share this content via...
Sheffvlad 10 #9 Posted July 7, 2015 That £ 800 Million will turn into over £ 2 billion as the debt will be continually rolled over into more and more loans. SCC will be repaying it for 50 + years And the fees paid to the brokers to arrange the loans to pay for this will run into millions of pounds. What??? If Mr Thicky logged on now I don't think he would be the thickest person on here. Share this post Link to post Share on other sites Share this content via...
Timeh 10 #10 Posted July 7, 2015 Wow. Well at least youre honest. Share this post Link to post Share on other sites Share this content via...