Dundalk Town Council is set to extend its support of the Dundalk Business Improvement District Scheme (BIDS).
The company is a partnership between the town council and the commercial ratepayers of the town and its purpose is to promote Dundalk.
But some councillors are still concerned about the fact that the company had been dissolved earlier this year because audits had not been filed on time with the Company Registration Offfice and the town council had not been told about this, even though the BIDS chairman had addressed the council to get an extension of the company’s plebsite.
Cllr Sean Bellew said at last week’s meeting that there had been serious corporate governance failures by the company and the ratepayers are entitled to answers.
Cllr Conor Keelan questioned the company’s figures over the past three years, and called for one elected councillor to sit on the BIDS finance committee.
“We are the custodians of what the ratepayers have paid to this council so it seems only right that we should investigate that,” he said.
Paddy Malone of BIDS said the company will meet all criteria.