LTCCP: DEVIL'S PACT

So why is the Nelson City council signing up with the devil for a mortgage holiday to hell, and is it a one way ticket, or a return journey.
If every economist known, accepts that these debt holidays are such toxic financial instruments of last resort, and all so unanimously recommend against them, then why is this council, against all sensible advice, so foolishly adopting this highly imprudent course of action.
It is obvious that something is driving this unwise and ill-considered action. What is going on. Is council going broke or what?
One reason for this mortgage holiday is that council are trying to disguise the true level of rates increase, that is about to be imposed on ratepayers. The real level of rates increase that this LTCCP is hiding is quite astonishing.
Council admits that the actual increase for the general rate AFTER mortgage holiday manipulation, is 12.65%, and if that is the case, then what was it BEFORE that manipulation, probably closer to, if not more than a whopping 20%.
As an example water rates were meant to increase significantly this year, because the previous smoothing loan had expired, however after mortgage holiday manipulation water rate increases were reduced to minus 4.84%.
If this is the size of the manipulation that is being wrought by this mortgage holiday, then a similar size shift in the increase to the general rate, would put that underlying increase to the general rate into astronomical orbit.
The actual underlying rate increases hidden in this LTCCP, are probably somewhere in the vicinity of 20% or more, but those figures are being kept secret from ratepayers.
These sorts of costs are the actual underlying implications and consequences for ratepayers, and such profligate spending has to catch up with the ratepayer at some point. The credit card has to be paid for sooner or later.
When the devil comes calling, to demand payment for this pact, it will literally cost ratepayers a devils ransom.