Ex­ec­u­tive chair­man of the Ur­ban De­vel­op­ment Cor­po­ra­tion of T&T, Mr Calder Hart, to­day re­signed ef­fec­tive im­me­di­ate­ly. Mr Hart has al­so ten­dered his res­ig­na­tion with re­spect to all state boards and sub­sidiaries to which he had been ap­point­ed, in­clud­ing The Na­tion­al In­sur­ance Board of T&T, Ltd, T&T Mort­gage Fi­nance Com­pa­ny, Ltd, Na­tion­al In­sur­ance Prop­er­ty De­vel­op­ment Com­pa­ny, Ltd, and The Home Mort­gage Bank. Mr Hart stat­ed that it had been a priv­i­lege to have served on the boards of these in­sti­tu­tions, and he was great­ly ho­n­oured by the ex­pe­ri­ence of work­ing over the years with the col­leagues of com­pe­tence and ded­i­ca­tion. "For their ser­vice and friend­ship, they will for­ev­er be in my prayers. I take this op­por­tu­ni­ty to wish the in­sti­tu­tions and their staff con­tin­ued suc­cess," Mr Hart stat­ed.

"As far as Ude­cott, in par­tic­u­lar, is con­cerned, I count it a great priv­i­lege to have had the op­por­tu­ni­ty to have par­tic­i­pat­ed in the growth of Ude­cott from its in­cep­tion, in­to the pow­er­ful in­stru­ment for the im­ple­men­ta­tion of Gov­ern­ment pol­i­cy that it is to­day. "It has been of par­tic­u­lar sat­is­fac­tion for me to be able to con­tribute, through the role which has been as­signed to Ude­cott, to the re­al­i­sa­tion of the Gov­ern­ment's 20/20 Vi­sion. "I am con­fi­dent that Ude­cott will con­tin­ue to jus­ti­fy its se­lec­tion as the pre­ferred mod­el for the de­liv­ery of pub­lic sec­tor con­struc­tion projects in our coun­try and will con­tin­ue to serve the Gov­ern­ment and peo­ple with dis­tinc­tion."

"I would like, as I look at the achieve­ments of the var­i­ous agen­cies:

1 the Na­tion­al Acad­e­mies for the Per­form­ing Arts

2 the In­ter­na­tion­al Wa­ter­front Project and the Hy­att Ho­tel

3 the in­crease in NIS pen­sions to $2,000 per month

4 the achieve­ments of a na­tion­al hous­ing pol­i­cy

5 more af­ford­able res­i­den­tial mort­gages

6 the re­struc­tur­ing and align­ment of a num­ber of these agen­cies to say that it has been a very sat­is­fy­ing and ful­fill­ing ex­pe­ri­ence, notwith­stand­ing the chal­lenges."

"I would like to thank the Gov­ern­ment for the op­por­tu­ni­ties it has af­ford­ed me to serve our coun­try," Mr Hart stat­ed.