Article 4 Imposition and amount of BID levy

(1)

A BID levy is to be imposed only for periods falling within the period in which the BID arrangements are in force and any references in this Order to “chargeable periods” are to those periods.

(2)

The length of any chargeable period, and the day on which it begins, shall be specified in the BID proposals.

(3)

The calculation of BID levy for any chargeable period shall be specified in the BID proposals and the amount of the BID levy for such chargeable period is to be calculated in such manner as provided for in the BID arrangements.

(4)

BID levy provided for in BID proposals may be different for different classes of–

(a)

eligible ratepayer, or eligible ratepayer and eligible other person (as the case may be);

(b)

geographical area within the business improvement district; or

(c)

relevant property within the business improvement district,

or any combination of these different classes.

(5)

The provision in BID proposals for calculation of BID levy for any chargeable period shall include a statement of whether any of the costs incurred in developing the BID proposals, holding of the ballot or implementing the BID arrangements are to be recovered through BID levy.