2014-01-02 Budget Attachments

Appendix 6


APPENDIX 6 - OVERALL PLAN
LOWER NOOSA NORTH SHORE ELECTRICITY CHARGE

1. Special Charge for Provision of Power to Noosa North Shore
Following representations from residents, Council has agreed to fund by loan the design and
construction costs to provide power to specified properties in Area A and B the Lower Noosa North
Shore.
The total cost of design and construction for Area A (the lots around Wygani Drive) was $390,785
excluding GST and the construction work was completed in the 2005/06 financial year.
The total cost of design and construction for Area B (the lots between Peppertree Track and Frying
Pan Track) was $371,743 excluding GST, and the construction work was completed in the 2006/07
financial year.
2. The Rateable Land to Which the Special Charge Applies
A special charge will be levied on each surveyed lot delineated on the map below to repay interest
and redemption on the loan. The loan repayments will be spread over a twenty-year period
commencing from the 2004/05 financial year for both areas.




3. The Estimated Cost of Implementing the Overall Plan
Council has formed the opinion that properties in Area A will be specially benefited by the provision
of electricity to their properties and has resolved to levy an annual special charge of one thousand
three hundred and ninety-nine dollars ($1,399.00) equally on each surveyed lot. It is estimated that
the special charge for Area A will raise a total of $13,990 in the second half of the 2013/14 financial
year. These funds will be expended entirely on repayment of loan interest and redemption.
Council has formed the opinion that properties as delineated in Area B will be specially benefited
by the provision of power to their properties and has resolved to levy an annual special charge of
one thousand, nine hundred and ninety-six dollars ($1,996.00) equally on each surveyed lot. It is
estimated that the special charge for Area B will raise a total of $11,976 in the second half of the
2013/14 financial year. These funds will be expended entirely on repayment of loan interest and
redemption.
4. Estimated Time for Implementing the Overall Plan
The Overall Plan provides for the repayment of the loan associated with provision of power to
Noosa North Shore for the 2013/14 financial year.




                                               Noosa Shire Council Budget six months ending 30 June 2014   45