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Financial Integrity, Football, Moral Integrity

Glasgow City Council’s corrupt misuse of old District Valuer valuations and the RPI on land valuations

One major piece of information that came out of the the West of Scotland Housing Association (WSHA) land debacle is that valuations by the District Valuer (DV) are only valid for 6 months. See the last sentence in the paragraph from the WSHA minutes:

DV valuations expire after 6 months

Some of the valuations, including DV valuations, which were accepted by the GCC for the sale of land to Celtic PLC were years old. In the case of the London Road Primary School (LRPS) the valuation was 7 years old (see previous post).

The original price of £300,000 was set by the GCC at a council meeting in January 2007 although they claim the option was written in 2009. So the GCC, when LRPS was eventually settled, after their 3 year option was accepted 7 years after in January 2014 added an increment for the 3 YEARS. And what did the GCC use? The RPI, the Retail Price Index.

So as well as not getting an up-to-date valuation 2014 valuation the GCC used a 2007 valuation. Seven years old. Land valuations move massively depending on the economic cycle. Hence the time limit on the DV valuations.

Plus the GCC used a RETAIL Price Index that tracks the increase in costs of everyday items like milk. There is no relationship between LAND and the RPI.

Do any of the GCC Planning or DRS depts live in the real world? Do they know how to do valuations?

How does the DV like their ages old valuations being misused corruptly?

We don’t need to be blocked with our FoIs. It is plainly obvious that the GCC is corrupt and can be seen in plain sight. Do they really think the Glasgow ratepayers are stupid like the Scottish mainstream media?

Harry Markopolis, the securities analyst took 10 years to get through to the US SEC that Bernie Madoff was a crook. So sometimes it takes time because the authorities, whether EU, UEFA, UK or Scottish don’t want to admit that this corruption happened on their watch. However the end did come for Mr Madoff and it will for the GCC personnel too. None of the persons digging are going away.

©footballtaxhavens.wordpress.com 2014 CC-by icon

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Discussion

4 thoughts on “Glasgow City Council’s corrupt misuse of old District Valuer valuations and the RPI on land valuations

  1. GREAT WORK AGAIN!! THANKS.

    Posted by AB | June 12, 2014, 5:08 pm
  2. Please just keep working on this ….. One day you will bring these crooks to book !!!

    Good work deserves a good outcome !!!

    Posted by Robert Johnston | June 13, 2014, 9:06 am
  3. Don’t stop digging expose the truth

    Posted by Terry ferguson | July 10, 2014, 2:38 pm
  4. Why are none of the tabloids reporting on this?

    Posted by Trevis Craig | July 25, 2014, 7:19 pm

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