facilities or activities being provided to the special rate payers beyond those funded by a 2.4% increase in special rate income. As there is no additional benefit provided, there is no justification to increase the special rate income from these areas. Table 5.1.1 Rates Structure if application approved. – RATE MINIMUM AD BASE AMOUNT ESTIMATED RATE Valorem RATE YIELD Amount PA $’s Cents in $ $ Ordinary Rates % of Total Rates Nil 0.247486 579.85 50 Residential 70,890,399 Nil Nil Business $768.40 1.782303 31,302,949 Nil Nil Farmland $768.40 0.362939 37,516 Business Sub-Categories Nil Nil Inner City Suburban Shop. Centre $768.40 2.423125 127,941 Nil Nil Suburban Shopping Centre $768.40 2.67045 361,846 Kotara Major Commercial Shopping Nil Nil $768.40 2.794778 1,131,885 Centre Maj. Commercial Shopping Centre Nil Nil $768.40 268,664 (Inner City) Nil Nil Kotara Homemaker's Centre $768.40 1.357076 444,171 Jesmond Major Commercial Nil Nil $768.40 3.828448 444,100 Shopping Centre Waratah Major Commercial Nil Nil $768.40 4.239159 312,426 Shopping Centre Wallsend Major Commercial Nil Nil $768.40 4.302056 355,780 Shopping Centre Nil Nil The Junction Major Commercial $768.40 3.211115 166,978 Shopping Centre Nil Nil Kooragang Industrial Coal Zone $768.40 1.325456 877,796 Nil Nil Kooragang Industrial Centre $768.40 1.229051 2,275,051 Nil Nil Mayfield North Heavy Industrial $768.40 0.738126 519,641 Centre
facilities or activities being provided to the special rate payers beyond those funded by a 2.4% increase in special rate income. As there is no additional benefit provided, there is no justification to increase the special rate income from these areas. Table 5.1.1 – Rates Structure if application approved. RATE MINIMUM RATE AD Valorem Amount Cents in $ BASE AMOUNT ESTIMATED RATE YIELD PA $’s $ Ordinary Rates % of Total Rates Residential Nil 0.247486 579.85 50 70,890,399 Business $768.40 1.782303 Nil Nil 31,302,949 Farmland $768.40 0.362939 Nil Nil 37,516 Business Sub-Categories Inner City Suburban Shop. Centre $768.40 2.423125 Nil Nil 127,941 Suburban Shopping Centre $768.40 2.67045 Nil Nil 361,846 Kotara Major Commercial Shopping Centre $768.40 2.794778 Nil Nil 1,131,885 Maj. Commercial Shopping Centre (Inner City) $768.40 Nil Nil 268,664 Kotara Homemaker's Centre $768.40 1.357076 Nil Nil 444,171 Jesmond Major Commercial Shopping Centre $768.40 3.828448 Nil Nil 444,100 Waratah Major Commercial Shopping Centre $768.40 4.239159 Nil Nil 312,426 Wallsend Major Commercial Shopping Centre $768.40 4.302056 Nil Nil 355,780 The Junction Major Commercial Shopping Centre $768.40 3.211115 Nil Nil 166,978 Kooragang Industrial Coal Zone $768.40 1.325456 Nil Nil 877,796 Kooragang Industrial Centre $768.40 1.229051 Nil Nil 2,275,051 Mayfield North Heavy Industrial Centre $768.40 0.738126 Nil Nil 519,641
Application_Part_B.docx