Kia Ora,

Thank you for your email.

We are handling your request under the Local Government Official Information and Meetings Act 1987 (LGOIMA). We have forwarded it to the appropriate Christchurch City Council staff, and we will provide a response or update within 20 working days of the date we received your request. If we are unable to respond to your request by then, we will notify you of an extension of that timeframe.

If you have any queries, please feel free to contact me. If any additional factors come to light which are relevant to your request, please do not hesitate to contact me so that these can be taken into account.

Kind regards,

Sean Rainey
Manager Official Information

-----Original Message-----
From: T Dobbie <[FOI #24350 email]>
Sent: Saturday, October 7, 2023 9:48 PM
To: Official Information <[email address]>
Subject: Official Information request - Christchurch City Council Insurance

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Dear Christchurch City Council,

Please provide:
1 - The number of Christchurch City Council buildings/utilities/residential, etc., along with Council-paid insurance cover,
2 - List of valuation companies used by the council from 2005 and until 2023.
3 - List of actual cost of replacement of buildings compared to insurance cover, Please include:
- Building name/identifier,
- Insurance cover and premium,
- Valuation related to that cover/premium,
- Actual current replacement cost of each building
- Corresponding valuation company.
4 - Total cost of replacement of these buildings.
5 - How is insurance/premium funded?
6 - Portion of total rates the combined insurance/premiums covers,
7 - Details of any loans (and source) that have been used to fund insurance/s.

Yours faithfully,
T Dobbie

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hide quoted sections

Kia Ora,
 
I refer to your questions below.
 
The Council has responded to your requests as follows:
 
1 - The number of Christchurch City Council
buildings/utilities/residential, etc., along with Council-paid insurance
cover, As per the attached schedule Council has 1891 buildings / utilities
/ residential assets covered by insurance
2 - List of valuation companies used by the council from 2005 and until
2023. For buildings (including residential) Good Earth Matters until 2011,
since then Knight Frank (now known as Bayleys). For the utilities (3
waters assets) valuers have been GHD, Beca and WSP at different stages,
with WSP being our current provider.
3 - List of actual cost of replacement of buildings compared to insurance
cover, Please include:
- Building name/identifier,
- Insurance cover and premium,
- Valuation related to that cover/premium,
- Actual current replacement cost of each building
- Corresponding valuation company.
The attached schedule shows the name and location of each asset and the
total sum insured (ie insurance cover). This total sum insured reflects
the replacement cost of the asset at 30 June 2023, based on the valuation
carried out. We are unable to release the premium for each asset as this
is commercially sensitive. This information has been withheld under the
following section of the LGOIMA - 7(2)(b)(ii) – to protect the commercial
position of the person who supplied or who is the subject of the
information. In the Council's view the reasons for withholding these
details are not outweighed by public interest considerations in section
7(1) favouring their release.
4 - Total cost of replacement of these buildings. Refer to above comment
5 – How is insurance/premium funded? Primarily by rates, except for social
housing units which are funded by rental income
6 - Portion of total rates the combined insurance/premiums covers, Rate
funded insurance cost for FY24 is $29m and rates income is $684m so 4%
(29/684)
7 - Details of any loans (and source) that have been used to fund
insurance/s. This is not applicable - we do not borrow to fund insurance
 
You have the right to seek an investigation and review by the Ombudsman of
this decision. Information about how to make a complaint is available at
[1]www.ombudsman.parliament.nz or freephone 0800 802 602.
 
Kind regards,
Sean
 
 

Sean Rainey
Manager Official Information and Privacy Officer
Official Information Team
Office of the Mayor and Chief Executive

 

 

 
 
 
[2][IMG]
 
 
 
 
-------------------------------------------------------------------
 
This is an Official Information request made via the FYI website.
 
Please use this email address for all replies to this request:
[3][FOI #24350 email]
 
Is [4][Christchurch City Council request email] the wrong address for Official
Information requests to Christchurch City Council? If so, please contact
us using this form:
[5]https://aus01.safelinks.protection.outlo...
 
Disclaimer: This message and any reply that you make will be published on
the internet. Our privacy and copyright policies:
[6]https://aus01.safelinks.protection.outlo...
 
If you find this service useful as an Official Information officer, please
ask your web manager to link to us from your organisation's OIA or LGOIMA
page.
 
 
-------------------------------------------------------------------
 
This electronic email and any files transmitted with it are intended
solely for the use of the individual or entity to whom they are addressed.
The views expressed in this message are those of the individual sender and
may not necessarily reflect the views of the Christchurch City Council.
If you are not the correct recipient of this email please advise the
sender and delete the email.
[7][IMG]

References

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