BID proposer

3.  BID proposals may be drawn up by–

(a)the local authority; or

(b)any person who, at the date they send BID proposals to the local authority under regulation 5(2)(a)–

(i)is a non domestic ratepayer in relation to relevant property situated in the area to be comprised in such proposals;

(ii)has an interest in land (situated in the proposed business improvement district) as an owner, a holder of a standard security or tenant, or, directly or indirectly, receives rent for the land (whether or not that person is a non domestic ratepayer in relation to that land); or

(iii)is a body (whether corporate or unincorporate) one of whose purposes is developing BID proposals, or which has as one of its functions, town or city centre management.