Long Term Community Plan 2012-2022 - Hurunui District Council

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www.hurunui.govt.nz Council Controlled Organisations The Hurunui District Council has financial interest in the following Council Controlled Organisations: • Hurunui Holdings Limited • Enterprise North Canterbury • Transwaste Canterbury Limited • Canterbury Economic Development Company Hurunui Holdings Limited Hurunui Holdings Limited is 100% owned by the Hurunui District Council. The Company was incorporated in July 1995, with a principal activity to arrange the sale of the Lyttleton Port Company Shares previously purchased from the Council. The transaction of the sale of the shares was completed in June 1996. In May 2004, Hurunui Roading Limited, a former Local Authority Trading Enterprise (LATE), was amalgamated with Hurunui Holdings Limited. The Company is retained as a ‘shelf company’, principally due to the fact that it has significant tax losses to carry forward. The future of the Company is being reviewed. In June 2010, the Council transferred the remaining assets from Hurunui Holdings Limited and resolved to exempt the Company for under section 7 (3) of the Local Government Act 2002. The result of this action is that Hurunui Holdings Limited is not considered to be a Council Controlled Organisation (CCO) for the purposes of the LGA and as such is not required to be audited. Enterprise North Canterbury Enterprise North Canterbury provides promotions and economic development services for the North Canterbury region. On behalf of Waimakariri and Hurunui District Councils its activities are focussed on developing existing businesses and promoting new businesses within the region. The Trust also promotes the region as a visitor destination. The Mayors of the two Councils are trustees and the two Chief Executive Officers are advisory trustees. Other trustees are appointed jointly by the Hurunui and Waimakariri District Councils. Key Performance Targets and Objectives The main objects of the trust are to cultivate and promote economic activity and foster growth in North Canterbury. Performance targets are based around: • Retaining and supporting existing businesses • Promote and encourage large business opportunities into North Canterbury • Lobby for infrastructure and facilities where there are gaps that impact on the creation of wealth • Assist town development when invited Transwaste Canterbury Limited Transwaste Canterbury Limited operates a regional landfill at Kate Valley and associated transport services in a joint venture with Canterbury Waste Services. The Hurunui District Council is one of the councils in the Canterbury region which between them own 50% of the shares in Transwaste Canterbury Limited. Hurunui’s share of the Company amounts to 1.2%. The council shareholders appoint representatives to a joint committee which in turn appoints four of the eight directors. Key Performance Targets and Objectives Ensure that Transwaste performs in accordance with its Statement of Intent. Canterbury Economic Development Company The Canterbury Economic Development Company was set up as a Council Controlled Organisation (CCO) in 2006 to enable the allocation of regional partnership funding for economic development from Central Government for the Canterbury Region. Two of the ten Company Directors represent North Canterbury; one was nominated by the three Councils (Kaikoura, Hurunui and Waimakariri District’s) and the other is an industry representative endorsed by the Councils. The intention was for these directors to represent North Canterbury during any contestable funding allocation processes undertaken by this CCO. This company was expected to have a short life and as the Regional Strategy Funding Programme has now been completed; the Board has met to discuss the future of the company and whether the company is shelved for future use of the councils. no definite plans for the company have been made. Key Performance Targets and Objectives • Facilitate project proposals in the region. • Provide leadership to stimulate and transform the Canterbury economy. • Communicate national shifts to regional economic development role players. 198
Hurunui Community Long Term Plan 2012 - 2022 Council Policies 200 Policy Introduction 201 Development Contributions Policy 217 External Liability Management Policy 219 Investment Policy 221 Rates Remission for Biodiversity Policy 222 Rates Remissions on Land Affected by Natural Calamity Policy 223 Reserves Funding Policy 224 Revenue and Funding Policy 251 Significance Policy 258 Treasury Risk Management Policy 262 Internal Financing Policy 199
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Hurunui Community Long Term Plan 20
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About the Plan Introduction The Loc
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How Your Rates are Spent The Counci
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Hanmer Springs Ward Profile Backgro
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Water Supply Overview Water Supply
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Governance - Group Activity Financi
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Independent Auditor’s Report Huru
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Phone: 03 314 8816 Fax: 03 314 9181
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Long Term Community Plan 2012-2022 - Hurunui District Council

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