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What do they know?


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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

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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.

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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.

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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.

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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.

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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. :loopy:

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