Procedure
7Approval in ballot
1
BID proposals are not to be regarded as approved by a ballot held for the purposes of section 5(1) unless four conditions are satisfied.
2
Except where section 8 applies, the four conditions are those set out in subsections (3), (4), (5) and (6).
3
The first condition is that the number of votes cast in favour of the BID proposals exceeds the number of votes cast against those proposals.
4
The second condition is that A exceeds B.
5
The third condition is that at least 25% of the eligible ratepayers entitled to vote in the ballot have done so.
6
The fourth condition is that the total of A plus B is equal to 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 in the ballot.
7
“A” is the aggregate of the net annual values of the hereditaments in respect of which an eligible ratepayer voting in the ballot has voted in favour of the BID proposals.
8
“B” is the aggregate of the net annual values of the hereditaments in respect of which an eligible ratepayer voting in the ballot has voted against the BID proposals.
9
For the purposes of subsections (6), (7) and (8), the net annual value of a hereditament is that shown in the NAV list on the day of the ballot.
10
In this section “net annual value” has the same meaning as in the Rates Order.