3.—(1) The following persons may draw up BID proposals—
(a)any person who, at the date he sends BID proposals to the relevant billing authority under regulation 4(2)(a)—
(i)is a non-domestic ratepayer in relation to a hereditament situated in the area to be comprised in such proposals;
(ii)has an interest in land (situated in the area to be comprised in such proposals) as freeholder, mortgagee or lessee, or directly or indirectly receives rent for the land (whether or not he is a non-domestic ratepayer in relation to that land); or
(iii)is a body (whether corporate or not corporate) one of whose purposes is developing BID proposals; and
(b)the relevant billing authority.
(2) Subject to paragraph (3), a BID proposer shall, at least 84 days before sending the notice required under regulation 4(2)(a)(ii), notify the relevant billing authority and the Secretary of State in writing of the proposer’s intention of asking the relevant billing authority to put the BID proposals to a ballot.
(3) Paragraph (2) shall not apply where a BID proposer sends the notice required under regulation 4(2)(a)(ii) to the relevant billing authority before 1st April 2005.