
OK, I now know that ...
1 There is definitely a Great Crested Newt in the Council's boating lake
2 It can't be removed from the boating lake without a licence from Natural England
3 Getting a licence from Natural England will take a long time
4 Despite the boating lake being 100% unnatural, it is a body of water with a newt in it, therefore it is the newt's natural environment
5 The Council apparently stopped using weedkiller because they shouldn't have been using it anyhow, because the overflow apparently goes into a watercourse
This is not looking good ...
Edited to add - I also learned that the general feeling at the Town Hall is/was that the weed wasn't a particular problem. Apparently this is/was based on a Council employee having once spoken to a couple of blokes sailing boats on the pond who "weren't bothered by the weed because they had a rescue boat with them ... "
There are lessons to be learned here, chaps 
Norman: There is so much ambiguity here as the Councils left and right hand do not seem to work with each other!
1. The Town Council are
well aware of the problem as it has been reported to them time and time again by our club members for at least 2 years.
2. The comment I have highlighted is rubbish and probably invented: eg Why would anyone want a rescue-boat in a pond with a depth of 18" at most? What a useful word 'apparently' is!

The pond has no outflow that I know of. It is simply rainfed and depletes with evaporation..
3. The problem is not just one single newt as that would not stop boating. It is the proliferation of the weed that has been allowed to reach unsatisfactory levels to such a degree that any attempt to dispose of it, chemical or otherwise, will disturb one b****y newt! Total Town Hall negligence.

You are correct - it is not looking good - as a public facility provided for public use and paid for with our council tax has been denied to everyone, young and old for it's intended purpose - a boating lake, by official tardyness.
In any event, the ecologist working with our council is on our side and some form of compromise
may be likely? The council, despite wringing their hands and apologising, I feel have reached for your can of worms and wished they hadn't!