We will discuss eligibility criteria and the effect on the operating surplus for the current year. Council has already offered at least $1.1 million in support by:
- Deferring rate payments until August 31st for all ratepayers
- Postponing debt collection of outstanding rates
- Encouraging ratepayers to seek a payment plan beyond August 31st
- Waiving lease fees for Council lessees where their business has been closed or restricted by law
- Offering a 50% discount to Council lessees when experiencing financial hardship (30%)
- Not increasing the rates for 2020/2021
- Reducing the separate marketing levee for Main Street associations
At this point in time 13 businesses have applied for rate relief. The report asks Council to consider between a full rate rebate for the 4th quarter, 80%, 60%, 40%, 20% or nor rate relief beyond a postponement to pay.
Council approved a 50% reduction in 4th quarter rates for all businesses. Landlords must, by law, pass this onto tenants.
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