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• Question by: Angie Bray
• Meeting date: 07 December 2005

Right, so no current programmes will be touched? What about those just down the road in the pipeline? Are any of those going to be put back, delayed, re-jigged in any shape or form?

• Question by: Angie Bray
• Meeting date: 07 December 2005

Thank you and finally, how much do you reckon that, if you have to borrow the money ' and the Mayor did say to us that he foresaw the most likely scenario for getting the extra money in, that it would be what he called a bridging loan ' if that is where you go, have you made any estimates on how much it will cost to borrow that money?

• Question by: Angie Bray
• Meeting date: 07 December 2005

You are saying that it is possible for you to potentially double the amount of money that the LDA may have to spend and that it can easily be met within your normal grants from government? Are you saying that, the interest at least?

• Question by: Angie Bray
• Meeting date: 07 December 2005

Fair enough, as far as it goes. Let me ask you, in the worst-case scenario, we have heard from the Mayor that he has basically given colleagues of mine hard guarantees that he says that it is not going to cost the council taxpayer a penny. Can I also get guarantees from the LDA, perhaps from your Chair this morning, that it is not going to cost, it is not going on the general precept, it is not going to come from the Treasury, which of course would mean that it was going to hit taxpayers, it is not going...

• Question by: Angie Bray
• Meeting date: 07 December 2005

I think the word that jumped off the page at me was the word `reprioritisation'. What does that actually mean?

• Question by: Angie Bray
• Meeting date: 07 December 2005

Right, so despite your reprioritising discussions, nothing that is currently being done in London is going to be in any way, shape or form affected by the potential worst-case scenario?

• Reference: 2005/0536-1
• Question by: Angie Bray
• Meeting date: 07 December 2005

At present are Olympic site acquisition and preparation costs running to budget?

• Reference: 2005/0535-1
• Question by: Angie Bray
• Meeting date: 07 December 2005

Can you please list all the projects the LDA has been planning to implement since 2004 for Hammersmith and Fulham, Kensington and Chelsea and Westminster and what is the current status of these projects? If any of these projects have been delayed or put on hold can you please state which ones and why?

• Reference: 2005/0537-1
• Question by: Angie Bray
• Meeting date: 07 December 2005

Are you aware that a number of Chartered Surveyors have been asked to both value land you are acquiring from businesses in the Lower Lea Valley and land you are selling to them? Is this a sensible course of action given that the 284 businesses need to have absolute confidence in the integrity of the professionals they are working with?

• Reference: 2005/0538-1
• Question by: Angie Bray
• Meeting date: 07 December 2005

Valuations The LDA have valued leaseholds at your site (Royal Docks, Beckton) at £60 per square foot (£2.4m per acre), however you value freeholds in the Marshgate Lane area at £1m per acre. How can this difference be justified? And how do you expect businesses to find the shortfall?