One of the items on the agenda of the council meeting for this Thursday is a recommendation that the council not proceed with this plan. pdf

” There has been some level of concern raised in the community and with elected members about the level of risk associated with the investment funds, particularly given that in the financial markets currently there is a level of uncertainty around the equity markets.”

No doubt the Councilors will be pleased to give this recommendation their rubber stamps — even the notion’s previously aggressive supporters — after the revelation that they could be personally liable for losses.