Half million deficit in housing estate bond fund

MONEY bonds, which the council holds in order to complete unfinished estates, have expired in the case of eleven estates in the county.

MONEY bonds, which the council holds in order to complete unfinished estates, have expired in the case of eleven estates in the county.

The information is contained in a Kildare County Council building and development control report, “Review of Finished and Unfinished Estates”.

The report lists 39 estates where all units are built but the infrastructure has not yet been completed by the developer.

In eleven of these cases, bonds, either cash or insurance policies, which are essentially required from developers by the local authority before planning, do not exist any longer or have expired. Between them, an estimated €586,103 of work is required.

The biggest job is at Kilcock’s Chambers Park, where €226,478 worth of work is required.

The estate has a management company and the Council is in talks with the receiver.

Other affected areas are Alexander Walk (Phase 1 & 2) and Alexander Manor (Phase 3) in Clane, Allen Manor in Kilmeague, Bodkin Place in Kilmeague, Grace’s Park in Derrinturn, Dowdingston Lawn in Two Mile House, Ashleigh Wood in Brannockstown, Old Mill Race in Monasterevin, Castlegate in Nurney.

At Millbrook in Timolin problems with a treatment plant and pumping station require spending of €74,501.

In most cases, a wearing course is required with costs which total €120,000 in the two Alexander estates in Clane to €38,487 in Allen Manor to €8,478 at Castlegate in Nurney.

In the case of Old Mill Race at Monasterevin, a €136,000 bond with Ulster Bank has expired and the Council must contact the developer who is in receivership. The Council estimates €38,005 needs to be spend on the wearing course for the estates for which planning permission was applied in 2003.

There are 152 estate which all work is finished and “should and could” be taken in charge by the Council.

In 20 estates, public infrastructure has been provided but issues have arisen with it on a continual basis eg: sewerage blockages or pump station failures.

The Council said its Building Control section will prioritise the estates where the infrastructure has not been finished in the coming 18 months.