COMHAIRLE CONTAE ÁTHA CLIATH THEAS
SOUTH DUBLIN COUNTY COUNCIL

MEETING OF SOUTH DUBLIN COUNTY COUNCIL

Monday, September 12, 2011

HEADED ITEM NO. 12

REPORT ON REVISED APPLICATION FOR FINANCIAL ASSISTANCE BY THE NATIONAL ASSOCIATION OF BUILDING CO-OPERATIVES (NABCO) SOCIETY LTD. IN ACCORDANCE WITH SECTION 6 OF THE HOUSING (MISCELLANEOUS PROVISIONS) ACT 1992 FOR THE CONSTRUCTION OF 40 TERRACE TYPE DWELLINGS AND COMMUNAL/WELFARE FACILITY AT KILCRONAN (FORMERLY DEANSRATH 'A'), CLONDALKIN.

REPLY:

South Dublin County Council at its meeting on 9th March 1998 approved the making of a loan of €2,873,938.71 to the National Association of Building Co-operatives (NABCO) Society Ltd, to finance the construction of 40 terrace type dwellings together with a Communal/Welfare facility at Kilcronan (formerly Deansrath "A"), Clondalkin, subject to the sanction of the Minister for the Environment.

A revised application was received from National Association of Building Co-Operatives (NABCO) Society ltd. for a loan of €3,113,397.77 in respect of the housing development at Kilcronan. The Society is an approved Voluntary Body under Section 5 of the Housing Act, 1988. The project has been completed with all tenants drawn from the County Council's housing list and in occupation since June 1997.

The passing of the following resolution is necessary at this stage to complete legal formalities between the Council and NABCO. Accordingly, it is recommended that the Council resolve:

"That the application for a revised loan in the sum of €3,113,397.77 by National Association of Building Co-operatives (NABCO) Society Ltd, in respect of increased construction cost at the existing Rental Subsidy Scheme development at Kilcronan, Clondalkin, be approved under Section 6 of the Housing (Miscellaneous Provisions) Act, 1992 subject to the sanction of the Minister for the Environment".