Also, in today’s press conference by the Belize City Council, they discussed an audit done on the Council for the period 2018 to 2019. This is essentially a comparison between the former administration, led by Darrell Bradley, and the current administration, being led by Mayor Bernard Wagner. The Mayor began the discussion of the audit by pointing out the loans that they had inherited.
Bernard Wagner, Mayor of Belize City: “The council has secured a demand loan credit facility in the amount of one million, this is under Darrell Bradley, bearing interest rate of 8.5%. The facility is secured by first lean over properties in Belize City then it also says the council has a Heritage Bank loan of $4.8 million obtained by the council to refinance the existing loan and to assist with the rehabilitation of the Commercial Building that we sit in here now, that loan is repayable in ninety six equal payments of $71,000. Government grants, capital grant, infrastructure we could see there 2017 and 2018 that represents the infrastructural work that the government funded for the previous council and it clearly shows the vehicles that the government granted to them as well in 2017 1.4 and it just continues on there. These are the contracts that the council, that the auditor is saying not me, Cedric Flowers is saying that at March 31 2018 these were the contracts on the books; Cisco Construction $68,000, Ranger Security $916,000, Young’s Engineering $48,000, RJB Construction $1.8 million, RJB Construction $216,000, RJB Construction $560,000, IE 3.6 – these are the contracts that they left for us.”
Mayor Wagner then compared the assets and liabilities between the two administrations.
Darrell Bradley served from 2012 until 2018, after which Mayor Bernard Wagner took over office.