Waitaki Herald : September 17th 2014
Wednesday September 17, 2014 HERALD WAITAKI By NICOLA WOLFE firstname.lastname@example.org local business has come out in support of the proposed extension to the popped up, so it’s created new jobs and brought new families into the district,’’ he said. ‘‘Because of this we’ve had Waitaki District Council loan to the North Otago Irrigation Company (NOIC). Plunket Electrical Oamaru managing director Mark Rawson said the scheme has had a positive effect on businesses such as his own in North Otago. ‘‘New farms in the area have more work, new opportunity for builds.’’ The company has also undertaken some work for NOIC. NOIC asked council to extend loan has been cut to $17m. The proposed extension is to ‘‘The fact they are not, makes the current $12.7 million loan, due to be repaid by January 2016, to June 30, 2022. It has also requested an additional loan of $9.3m bringing the total to $22m but the total help complete stage two of NOIC’s irrigation scheme but the Concerned Citizens and Ratepayers group is not happy the council is putting up ratepayers’ money and think a bank should be providing the loan. ‘‘If it were such a lucrative us doubt whether the scheme is really as lucrative as NOIC claims,’’ he said. NOIC chief executive Robyn Wells said many businesses throughout North Otago have seen the benefits of the scheme. ‘‘It benefits many in the com- thing the banks would be falling over themselves trying to accommodate [NOIC],’’ Concerned Citizens chairman Warren Crawford said. munity because it’s creating jobs and the money that’s spent in the local community will benefit local businesses.’’ She said she received a number of letters of support from busi- SCIENCE TIME Page 6 Loan divides opinions A Cut that demo On record: Jae Bedford Entertainment recently added recording services to its facilities to encourage and develop Oamaru talent. The facilities will enable new and current artists to professionally record demos and promos that can be uploaded to websites such as YouTube and Reverbnation. See story page 9. Photo: NICOLA WOLFE/ nesses last week, including from Plunket Electrical. Wells said NOIC decided to go with the council loan because the cheaper interest offered will benefit all concerned. ‘‘The banks will pick up the loan,’’ she said. ‘‘But if we can get it at a slightly better interest rate from the council it will be more affordable for more land uses.’’ The Waitaki District Council will make a final decision on the loan at a meeting today.
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