Mayor's guarantee on bank loan key to civil action claim
SCENIC Rim Mayor John Brent says he is confident that a multi-million dollar civil action filed by the Westpac bank against him will be resolved in a matter of weeks.
Cr Brent said he was the guarantor on a bank loan totalling $3.6 million.
The bank filed the civil action this month after claiming that the loan had not been fully repaid.
The outstanding amount is understood to be about $3.28 million.
Cr Brent said he did not wish to go into any detail on the matter, which he said was private and had nothing to do with his role as Mayor of the Scenic Rim.
But he said he was confident the matter would be resolved soon.
It has been reported that Cr Brent is one of three defendants - along with his son Matthew and daughter Sally - named in court documents.
The defendants took out four farming loans from 2006 to 2009, but defaulted.
On March 26, the bank gave the defendants one week to repay the $3.6 million loan.
It has been reported that the bank already started selling off secured assets worth $392,000, bringing the amount owed down to $3.28 million.
The bank is seeking an additional $175,156 in legal recovery and finance costs.