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Apr 8, 2014

Mayor says CitCo’s debt is staggering

Darrell Bradley

If Mayor Darrell Bradley has seemed a little frazzled lately, it’s because he is. On one hand, there has been massive works done in the city – that can’t be disputed. But there are overwhelming challenges, including debt obligations in the millions. Belize Waste Control has led the charge against City Hall to collect what it is owed, but Belize Maintenance Limited is reportedly not far behind, as are other creditors who are getting a little impatient. Today Bradley told us that while Belizeans might think they know what the Council is facing, they really have no idea.

 

Darrell Bradley, Belize City Mayor

“This is not our only debt obligation. We have Waste Control…we also have a situation with BML. They are not litigious, so they don’t take us to court but we have a substantial arrears situation with them also. We have arrears situations with several other judgment debts, which we have sat down, we have agreed with the parties to take fifty cents on the dollar, so we have been taking the debt of the City Council, we have been analyzing it and we have been settling in terms of areas where we can settle. The reality with these people is that they are a litigious company…they will take you to court. And they are in the media, but people look at this and say it’s Waste Control. It’s not only Waste Control. The way that City Council was before and the way it is now, is vastly different…City Council did not used to pay Social Security, City Council did not used to pay Sales Tax on several of the contracts…we have substantial other judgment debt obligations, we have other creditors that we have to sit down and negotiate with, so you are talking to me about Waste Control, but the reality I have to deal with every day is that I have to deal with forty Waste Controls…you only see them because they are on the TV, but we have to sit down with every single person and work out the situation with every single person.”

 

News Five has been very reliably informed that Belize Maintenance Limited will move to recover more than three point five million dollars which it is owed by the Council.


Viewers please note: This Internet newscast is a verbatim transcript of our evening television newscast. Where speakers use Kriol, we attempt to faithfully reproduce the quotes using a standard spelling system.

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1 Response for “Mayor says CitCo’s debt is staggering”

  1. Corozal Watch says:

    Bradley needs to spend less time in Chetumal and more time running Belize City.

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