Section 7: Approval in ballot
Section 7 sets out the conditions that must be met before a BID ballot can be regarded as approved. The conditions are:
(a)
A majority of the votes cast are in favour of the BID proposal;
(b)
At least 25% of those entitled to vote have done so;
(c)
Those who vote in favour represent a greater aggregate of net annual value than those who vote against;
(d)
At least 25% of the aggregate of the net annual values of all hereditaments in respect of which an eligible ratepayer is entitled to vote, have done so.