THE PACKAGE DEAL FOR COUNCIL L.A.T.E.S AND TRUSTS

At the start of the 2007 triennium a remuneration package deal was struck at Council. At that time Council voted to increase Capacity Directors fees by Fifty percent. That was done at the beginning of the financial crisis when many banks and finance houses were failing and bonuses were still being paid.

Capacity had failed to deliver its savings target and had not meet its Key Performance Indicators and despite that the fifty percent increase to directors when ahead. It is time that the ratepayers were reminded of those events.

THE CAPACITY PAY DEAL AND OTHER LATES AND TRUST
How Councillors voted to increase their pay on LATES AND TRUSTS

The substantive motion recommendation 2 was put.

Voting for: Mayor Prendergast, Councillors Ahipene-Mercer, Best, Cook, Coughlan, Foster, Gill, McKinnon, Morrison, Wade-Brown and Wain.

Voting against: Councillor Goulden, Pannett, Pepperell and Ritchie. Majority Vote: 11:4

The substantive motion recommendation 2 was declared CARRIED.

RESOLVED:

THAT Council:

1. Receive the information;

2. Agree that the fees payable to chairpersons, directors and trustees of Council Controlled Organisations be increased as set out in bold in the table below, for the 2007-10 triennium, subject to the approval of Hutt City Council (Capacity) and the Greater Wellington Regional Council (Wellington Regional Stadium Trust):

CCO Current Trustee/

Director Fee Proposed Trustee/

Director

Fee Current Chair

Fee Proposed Chair

Fee Wellington Regional Stadium Trust $12,000 $15,000 $24,000 $30,000 St James Theatre Trust $10,000 $13,000 $20,000 $26,000 Positively Wellington Tourism $10,000 $13,000 $20,000 $26,000 Wellington Museums Trust $10,000 $13,000 $20,000 $26,000 Wellington Zoo Trust $10,000 $13,000 $20,000 $26,000 Wellington Cable Car Ltd $10,000 $13,000 $20,000 $26,000

Wellington Water Management Ltd (Capacity) $10,000 $15,000 $20,000 $30,000 Wellington Waterfront Ltd $25,000 $25,000 $50,000 $50,000

3. Agree that the fees payable to the external appointees to the Audit and Risk Management subcommittee be increased as set out in bold in the table below, for the 2007-10 triennium:

Subcommittee Current Member Fee Proposed Member Fee Current Chair Fee Proposed Chair Fee Audit & Risk Management (ARMS) $5,000 $10,000 n/a $20,000*

*only applies if an independent is appointed as Chair

4. Agree that the fees payable to the external appointees to the Council Controlled Organisation Performance Subcommittee be retained at the current levels for the 2007-10 triennium, that is:

Subcommittee Current Member Fee Proposed Member Fee Current Chair Fee Proposed Chair Fee Council Controlled Organisations Performance (CCOPS) $12,000 $12,000 $24,000 $24,000*

*only applies if an independent is appointed as Chair

Note that Council Controlled Organisations are expected to fund their own trustee and director fees, with the exception of Capacity which are funded jointly by Wellington City Council and Hutt City Council.

Note that the Council is responsible for paying the fees of the external members of its subcommittees.