Chemello calls special meeting to review council's companies
FIXING Ipswich City Properties and setting an agenda for the city's central business district will be the focus of a special Ipswich City Council meeting next week.
Former councillors litter the operation of Ipswich City Properties.
Former acting mayor Wayne Wendt and ex-councillor Paul Tully remain involved with the body tasked with developing the CBD.
On his first day in the role, administrator Greg Chemello said it was "too early" to determine the future of ICP and said it would soon be a matter of review.
A special meeting, the first for Mr Chemello, will be held on Tuesday to determine the council's representation and directorships of the council's controlled entites.
Ipswich City Council CEO Sean Madigan said the process of winding up council-owned companies would continue.
"The council has taken significant steps to actually shut down all of the companies, except for Ipswich City Properties," he said.
"We expect that to be finalised within about the next two to three months, other than ICP."
Mr Madigan said the future direction of ICP would be a "discussion I need to have with Greg".
It is understood discussions will include the matter of ex-councillors staying on the boards of the companies.
Ipswich City Properties purchased properties in the CBD with a long-term development plan.
The value of the city square has dropped $20 million since it was purchased by the council for $45 million in 2009.
It was purchased with a loan from Queensland Treasury Corporation.
The process of winding-up council-owned companies started under former mayor Andrew Antoniolli.
Mr Antoniolli was elected mayor on a pledge to close the companies, which have been the target of the State Government.
A Queensland Audit Office report, tabled in parliament by Local Government Minister Stirling Hinchliffe last month, found Ipswich City Properties' operations "could not demonstrate value for money".
Mr Tully and Mr Wendt did not respond to requests for comment yesterday.
The process of winding up three companies continues.
At their last meeting councillors voted to transfer the ownership of Fire Station 101 from Ipswich City Enterprises and Ipswich City Developments to the council.
Former councillors David Martin, David Morrison and Mr Tully on the board of Ipswich Motorsport Park.
Mr Tully is also on the board of Ipswich City Enterprises and, along with Mr Morrison, sits on City Developments.