Council pushes for $13.5m from unused LNG trust fund
GLADSTONE Regional Council says it will make an attempt to access $13.5 million from the Gladstone Foundation trust fund.
The move follows a frustrating wait since the foundation was created more than two years ago, and LNG companies finally injected cash into the fund in June last year.
Now Mayor Gail Sellers, also a member of the Gladstone Foundation board, is determined to gain access.
"The process has taken a long time to get into place and we'd like to get access to the funds here in the Gladstone region," Cr Gail Sellers said.
"The coal seam gas and liquefied natural gas industries provided funding with the intention to fund large and social infrastructure within the Gladstone region.
"The community is yet to benefit from this funding, and in liaison with the proponents involved, the consensus is that it now seems appropriate to access these funds as the region recovers from extensive flooding."
She said the first project that would be addressed was the Phillip St Community Precinct.
During Tuesday's council meeting councillors voted unanimously in favour of writing to the State Government to request the funds.
Councillor Leo Neill-Ballantine, also on the Gladstone Foundation board, said council needed to put in place a proper allocation system.
When asked if the council would be an appropriate recipient of the money, Cr Sellers said council had a thorough understanding of the community's needs.
"GRC does day to day business with millions of dollars and we will certainly do this in the right way," Cr Sellers said.
"We will put the processes in place and allocate the funds into the area where the focus is most needed."
Cr Sellers said she had been in frequent discussions with all levels of government, the foundation and industry.
The Mayor did not mention her concerns about lack of accessibility to the Gladstone Foundation funds to directly to Premier Campbell Newman during his visit to the region on Tuesday, but instead spoke to his media assistant.
What is the Gladstone Foundation?
- A trust fund set up to boost social infrastructure in the region.
- $13.5 million has been donated by three LNG proponents.
- Established in 2011.
What do you think should be done with the $13.5m in the trust fund?
This poll ended on 06 March 2013.
Fund the Phillip St community precinct
Upgrade health facilities
Drug and alcohol education
More youth facilities
This is not a scientific poll. The results reflect only the opinions of those who chose to participate.