icepick239 Posted November 30, 2009 Report Share Posted November 30, 2009 Seeing it's possible that we may be having our own peerie 'Truth & Reconciliation' in the Town Hall in the very near future, it kinda propels me to ask about the latest situation regarding the total fiasco that is Judane.I noticed that a couple of 'posters' had made mention a few days back, hence my interest in this matter now.Can someone enlighten and say if all debts/loans owing by this Company have been extinguished and repaid?Back in 2003, the amount owing was around 335,000.If none of this has since been repaid, the figure could now possibly stand at over 600,000 when Interest & Penalty charges are applied over the last 6 years.Also, what kind of loan agreement permits the Borrower to dictate to the Lender on a possible Purchase/Sale Agreement?We are told that SIC Budgets are to be tightened, meaning 'musts' will be re-designated to 'wants' It would be nice to get this one squared-away, but that takes (as it says above) a bit of truth & reconciliation. Quote Link to comment Share on other sites More sharing options...
oddtablet Posted November 30, 2009 Report Share Posted November 30, 2009 I'll not hold my breath waiting for a response from Judane Surely this information should be available under the Freedom of Information Act http://www.ico.gov.uk/what_we_cover/freedom_of_information.aspx Quote Link to comment Share on other sites More sharing options...
hoosn Posted December 1, 2009 Report Share Posted December 1, 2009 i heard on the grapevine some builders were after renting it, way forward could be getting somebody in it doing something which pays, which in turn may well be just as good a position to be in as looking over the shoulder n pointing fingers n growling. Surely if the business who the building was for, was market dependant and failed wi the market then theres no much use gowling about that forever ? Quote Link to comment Share on other sites More sharing options...
Ghostrider Posted December 1, 2009 Report Share Posted December 1, 2009 £484,000+ http://www.shetlandtimes.co.uk/2009/09/12/knitwear-company-rejects-bid-to-buy-premises-as-row-rumbles-on It insinuates T&N offered them around £430,000, but they turned it down as it wouldn't clear their feet. Quote Link to comment Share on other sites More sharing options...
snow Posted December 1, 2009 Report Share Posted December 1, 2009 Well! Excuse me but IMO if any of the rest of us owed that amount of money to the Council would the " Bailliffs" not have moved in by now and repossessed...Are we to now believe that the Millers are excempt from any legal action to recover their debts to the council!If this debt is still unpaid the powers that be should have taken more stringent steps long before now..It is unbelievable that they refused a sale that would almost clrear their feet....In their shoes I would have jumped at the chanceIt leaves me to ask the question " Do the Millers have something else up their sleeves" Quote Link to comment Share on other sites More sharing options...
Caeser Posted December 1, 2009 Report Share Posted December 1, 2009 Judane have the SIC over a barrel with regards to the widely reported planning problem from Dodgy Hodgy days. I guess the argument is that if the planners had not made a bottom of the change of use, Judane would have sold the building for more than T&N offered and would have therefore cleared their feet. Not only will SIC not get our money back, I bet we now have to pay compensation for the planning foo pah as well...... As they say in the movies 'you couldn't make it up!' Quote Link to comment Share on other sites More sharing options...
hoosn Posted December 1, 2009 Report Share Posted December 1, 2009 where exactly did the money come from in the first place ? SLAP or actual council public revenue? Quote Link to comment Share on other sites More sharing options...
Noodeyn Posted December 1, 2009 Report Share Posted December 1, 2009 Is wan o da millers no a councillor in Lerwick noo?Maybe it comes down to it's not what you know but who! I'm gonna get into trouble fir dis wan I think! Quote Link to comment Share on other sites More sharing options...
fartypants Posted December 1, 2009 Report Share Posted December 1, 2009 (** mod edit - gossip about individual's private lives removed **) Quote Link to comment Share on other sites More sharing options...
paulb Posted December 1, 2009 Report Share Posted December 1, 2009 ah that would then explain the family connection. Quote Link to comment Share on other sites More sharing options...
icepick239 Posted December 1, 2009 Author Report Share Posted December 1, 2009 £484,000+ http://www.shetlandtimes.co.uk/2009/09/12/knitwear-company-rejects-bid-to-buy-premises-as-row-rumbles-on It insinuates T&N offered them around £430,000, but they turned it down as it wouldn't clear their feet.This really seems to be a tangled mess and really needs to be sorted out.After all, whose money is this?The Lenders tend to think it is theirs, as they have the authority to lend.The Borrowers tend to think of it is theirs, as they sign on the dotted line.It is neither of these, it is OURS, all the people of Shetland. If this is indeed the outstanding Debt (incl Interest), the rate of interest charged calculates at 4.9% pa over 6 years, an outrageous commercial rate (but nice money if you can get it).There is certainly no instance that I have ever come across in my many years of life, where repayments have been waived (especially the interest) and allowed to capitalise.Our investment must be protected first not the Millers, but one gets the feeling this may not be the case at all.(Don't try the same with your Credit Card, as after 3 months they will probably have you in Court).Wonder what are the conditions attached to this Debt?I think I would class Caroline Miller as having an "Emotional Investment" in regard to the Judane Land & Buildings, but for me, an Investment it certainly is.Judane also intends to sue the SIC, so we await with abated breathe on further word of this.I started off this subject by mentioning 'Truth & Reconciliation'.It still stands. Quote Link to comment Share on other sites More sharing options...
snow Posted December 1, 2009 Report Share Posted December 1, 2009 For a start how about the Reconciliation of the money from the Millers back to the council !! Quote Link to comment Share on other sites More sharing options...
Guest Anonymous Posted December 1, 2009 Report Share Posted December 1, 2009 Simple Question:If an SIC employee owed money to the council, say for example, back rent for their house, wouldn't that money be deducted from their salary on some sort of repayment agreement?Would I be wrong to hope that such a scheme could be operated if a councilor was in the same debt situation?Even if that debt was so large that their salary could only reduce the interest/costs, it would still make economic sense for a prudent local executive to pursue such a course of action. Most likely be mod edited for that as well,,, guess we know who pays the wages to most Shetlinkers. Quote Link to comment Share on other sites More sharing options...
oddtablet Posted December 1, 2009 Report Share Posted December 1, 2009 Auld Rasmie has made an interesting and possibly valid suggestion... How do we go about suggesting this to our own councillors (obviously omitting Ms Miller) as a valid way to recoup some of the investment. Mind you she will probably be jointly liable...... Quote Link to comment Share on other sites More sharing options...
Spinner72 Posted December 1, 2009 Report Share Posted December 1, 2009 Simple Question:If an SIC employee owed money to the council, say for example, back rent for their house, wouldn't that money be deducted from their salary on some sort of repayment agreement? Simple answer - yes. Quote Link to comment Share on other sites More sharing options...
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