Discussions continue with bond holders for Carrigallen housing estate

Leitrim Observer Reporter

Reporter:

Leitrim Observer Reporter

Discussions continue with bond holders for Carrigallen housing estate

Cllr Paddy O'Rourke

Discussions are continuing between Leitrim County Council and the bond holders to agree a financial settlement for the Cluain Álainn estate at Clooncorrick, Carrigallen.


Cllr Paddy O’Rourke sought an update on the negotiations between Leitrim County Council and Liberty Insurance, who hold the bond at the recent council meeting.
Noting the estate has been occupied for the last 13 years, Cllr O’Rourke said the “residents are now anxious to know what stage the negotiations are at and when they can look forward to the completion of the necessary works and the estate being taken in charge”.


He was told that the responsibility for completing this estate rests with the developer.
“The Council is not responsible for this and will only become responsible for the maintenance of the roads and sanitary services once the estate is taken in charge,” noted the Director of Services for Economic Development, Planning Environment and Transportation, Joseph Gilhooly.
“As part of the taking in charge process, the Council has had to make a call on the Bond attached to the estate on foot of a condition forming part of the grant of permission. It is a condition of all such Bonds that they will cease to exist once an estate is taken in charge by the Council.
“As a consequence of such conditions the Council cannot initiative any procedures or works on any estate where we will have to rely on the Bond to put towards any works necessary to bring an estate to a sufficient standard to enable its taking in charge,” added Mr Gilhooly.


The Director of Service said the Council and the bonds company have not agreed to a financial settlement procedure and discussions are underway as to the amount of the settlement.
Once this is completed the Council can then consider taking the estate in charge.

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