RECEIVERS have agreed to pay a €198,000 bond so that long-awaited works can be completed in a Ballylinan housing estate.
Residents of Gracefield Manor have been waiting years for the estate to be taken in charge, as the bond was transferred to a series of different financial firms since a receiver was first appointed.
The complicated financial saga meant residents were left with ongoing problems that included pot-holed road surfaces and broken street lights.
Now the long-running saga is finally nearing the end of the road. The latest meeting of Graiguecullen-Portarlington Municipal District was told the receivers have decided to pay the bond to Laois County Council to complete works in the estate.
In reply to a question from cllr Aidan Mullins, council official Pat Delaney said a call has been made on the bond to Ulster Bank to allow the payment to be made, as a result of the receivers’ decision.
Mr Delaney said the council would carry out a tender process in relation to outstanding works in the estate, following a review and update of the bill of quantities that was prepared back in 2013.
He added: “The timeframe is dependant on receipt of the bond monies. However, it is hoped to have the tender process completed by September 2018.”
The news was welcomed by cllr Mullins, who commented: “I am blue in the face and you are probably sick of listening to me over this issue.”
The Portarlington councillor said he was glad to hear that Ulster Bank and Capita Assets were allowing payment of the bond so that the works could be finished. He added: “Very little work needs to be done in the estate, which is what surprised me in relation to the delay.”
Cllr Mullins complimented Mr Delaney on putting in a lot of effort to resolve the issue at Gracefield Manor.
Cllr Tom Mulhall said he had a list signed by 60 residents and suggested that the developer and residents should liaise with Laois County Council regarding completion of a snag list at the estate.