Clare County Council today (Monday, 25 August 2014) confirmed it has taken in charge 29 housing developments comprising hundreds of residential and other properties throughout Clare since the beginning of 2013.
PR-Inside.com: 2014-08-25 16:31:33
The Local Authority said it is making "steady progress" in addressing difficulties at 180 developments around Clare brought about through the collapse of many companies in the building sector.
In 2013, a total of 14 developments were formally taken in charge by the local authority, while an additional 15 developments have been fully taking in charge during 2014.
"Each taking in charge involves a complex process culminating in a public consultation and a resolution of the Elected Members," explained Gerard Dollard, Director of Services, Clare County Council.
He continued: "Many of the developments involve receiverships, companies that have been dissolved, liquidations, unfinished and inadequately completed infrastructure, together with complex negotiations with the bond holders, where a bond exists, to secure improvements on the estate. The Council has made a comprehensive submission to the Department on the issue and has secured funding under the Special Resolutions Fund for two developments at Aisling on the Shanaway Road and Bruachlan Grianán on the Westbury development in South East Clare."
Meanwhile, Mr. Dollard said Clare County Council also intends taking in charge Ard na Deirge, the partially completed development in Killaloe on which a number of units were purchased before it was abandoned for an 8-year period.
"Following long and complex discussions with receivers, financial institutions, bond holders and a new purchaser, a very satisfactory outcome has been achieved which will ensure that the development will shortly be completed to a very high standard. It is the intention of the Council to progress the taking in charge of the development as soon as infrastructure works have been completed," Mr. Dollard concluded.