20 December 2024
File Ref: IRC-7601
C Gilmore
[FYI request #29425 email]
Tēnā koe C Gilmore
Thank you for your request dated 3 December 2024 to Te Kaunihera o Pōneke | Wel ington
City Council (the Council) requesting the fol owing information:
As per the Amendment and Restatement Deed (Guarantee and Indemnity ) between
the Wel ington City Council and TEL Security Trustee( LGFA) Limited referencing page
36 :
"security" includes a guarantee or indemnity, a security interest (as construed and
defined in the Personal Property Securities Act 1999), mortgage, lien, pledge, any
interest in land of a security nature, any other security arrangement creating in effect
security for the payment of a monetary obligation or the observance of any other
obligation, and any other arrangement having like economic effect over any property,
assets or revenues
Please provide ful details of the securities referred to above( secured against the
Wel ington City Council borrowing to date).
Your request has been considered under the Local Government Official Information and
Meetings Act 1987 (LGOIMA).
The New Zealand Local Government Funding Agency (LGFA) commenced in December 2011.
Please see the notes in
all online annual reports (F2012/13 – F2023/24) titled “Other
Financial Asset” and “Contingencies”.
You have the right, by way of complaint under section 28(1) of the LGOIMA, to request an
investigation and review of the Council’s decision by the Ombudsman Office. Information
about how to make a complaint is available at
www.ombudsman.parliament.nz or
freephone 0800 802 602.
If you require further information, please contac
t official[email address].
Nāku noa, nā
Asha Harry
Official Information & Privacy
Wel ington City Council