Criterion 3: Rating structure and the impact on ratepayers Councils must also fill in the worksheets in Part A of the application in order to provide the information and calculations underpinning the proposed rating structure, the impact of the special variation and rate increases. Proposed rating structure In the section below, provide an explanation of the proposed rating structure for the variation under two scenarios the proposed – rating structure if approved and the proposed structure should it not be approved. The following is the proposed SRV for Residential and Business properties. Proposed Residential Rating Structure - if approved 2013/14 2014/15 2015/16 2016/17 2017/18 2018/19 2019/20 2020/21 2021/22 2022/23 1 Rate Peg 3.40% 3.00% 3.00% 3.00% 3.00% 3.00% 3.00% 3.00% 3.00% 3.00% Continuation of Local Loan 2 to become Special Rate - 2 3.10% Infrastructure (Further 10 years) Continuation of Environmental Special Rate (Further 10 3 2.17% years) Continuation of the Community Facilities Asset 4 4.16% Infrastructure Special Rate (further 10 years)
Criterion 3: Rating structure and the impact on ratepayers Councils must also fill in the worksheets in Part A of the application in order to provide the information and calculations underpinning the proposed rating structure, the impact of the special variation and rate increases. Proposed rating structure In the section below, provide an explanation of the proposed rating structure for the variation under two scenarios – the proposed rating structure if approved and the proposed structure should it not be approved. The following is the proposed SRV for Residential and Business properties. Proposed Residential Rating Structure - if approved 2013/14 2014/15 2015/16 2016/17 2017/18 2018/19 2019/20 2020/21 2021/22 2022/23 1 Rate Peg 3.40% 3.00% 3.00% 3.00% 3.00% 3.00% 3.00% 3.00% 3.00% 3.00% 2 Continuation of Local Loan 2 to become Special Rate - Infrastructure (Further 10 years) 3.10% 3 Continuation of Environmental Special Rate (Further 10 years) 2.17% 4 Continuation of the Community Facilities Asset Infrastructure Special Rate (further 10 years) 4.16%
IPART_20132014_PartB.docx