Necessary work in Rockview estate in Portlaoise can finally take place after the money for the work released.
Fianna Fáil TD, Sean Fleming, welcomed the agreement.
“For too long now residents in the area have been left in a totally unsatisfactory situation and at last it is good to see work to improve the quality of the estate and the living conditions for people who live there can now proceed without delay,” he said.
The council is to purchase a small number of houses in the estate and have ensured that the proceeds from these houses will be fully spent in the estate in carrying out these improvement works.
In addition funds are available from the financial bond that was originally taken out by the developer before he went into receivership.
All in all, approximately €500,000 is now available to carry out the improvement works on the roadways and other areas in the estate to bring it up to an acceptable standard.
Earlier this year, Council have been forced to bring legal proceedings over a refusal to release cash for work on an unfinished estate off Portlaoise’s Mountrath Road.
At the April meeting of Laois County Council, the planning department said the bond holder was refusing to honour both of the bonds (claiming they are only liable for one bond) and the council have instigated legal proceedings in an attempt to acquire the monies held in respect of both bonds.
The planning department said the council had made the made a call on the two bonds held in respect of this development in 2010. Bonds are a type of an insurance taken out by developers in the event that work cannot be finished.
Previously exempt from the Household Charge, residents will have to pay the Property Tax this year.