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2014-06-18 Special Meeting Budget
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Noosa Shire Council APPENDIX 4 - OVERALL PLAN Noosa Junction Levy 1. Special Levy for the Development of a Commercial Strategy for Noosa Junction. Following requests from the Noosa Junction Traders Association and Noosa Junction property owners in 2007, the former Noosa Council agreed to engage consultants to undertake a study and develop a Commercial Strategy for Noosa Junction in 2007-08. During the 2008-09 financial year the Noosa Junction Traders Association requested the Sunshine Coast Regional Council to begin implementation of the recommendations of the Noosa Junction Commercial and Economic Planning Strategy and this has continued over subsequent years. The Noosa Council has received a further request in 2014 from the Association to continue to fund projects and initiatives that will be implemented in 2014/15 to advance the recommendations of the Noosa Junction Commercial and Economic Planning Strategy. 2. The Rateable Land to Which the Special Rates Applies Properties subject to the special rate fall within the area delineated on the map below. An annual special rate of point two three zero zero (0.2300) cents per dollar rateable valuation will be levied on each property within the benefited area, including strata titled properties. 3. The Service to be Provided The Noosa Junction Association will, in consultation with Noosa Shire Council, implement projects and initiatives as set out in the 2014-15 Work Plan including recommendations of the Noosa Junction Commercial and Economic Planning Strategy. The Noosa Council will provide levy funding to the Noosa Junction Association for that Association to implement those projects and initiatives on the basis that the Noosa Junction Association satisfies Council that is has in place the appropriate governance arrangements and that the 2014-15 Work Plan has been approved by Council before any levy funds are transferred to and expended by the Noosa Junction Association. 4. The Estimated Cost of Implementing the Overall Plan The levy will raise $90,000 in the 2014/15 financial year. This amount will be insufficient to implement all the recommendations of the NJCEPS so the Noosa Junction Traders Association will seek funding from other sources apart from the Special Levy. 5. Estimated Time for Implementing the Overall Plan The Overall Plan provides for the costs associated with implementing select recommendations of the Noosa Junction Commercial and Economic Planning Strategy, and projects and initiatives set out in the 2014/15 Annual Work Plan. Any unexpended funds held by Council at the end of the 2014/15 financial year may be transferred to a similar plan in the subsequent year, if adopted by Council. Revenue Statement Page 40 Page 49
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