We are delighted to announce that the proposed LMRID Special Rating Area was approved by a full sitting of the City Council earlier today. This represents the last formal hurdle in the establishment process and clears the way for a push towards implementation.
There is a lot of work to do in the next few months, including (among others) the formal establishment of the SRA company and the tender process (and formal service level agreements) for service providers.
We are aware that people are eager to know the final cost that this will represent to their household budgets. We have requested details from the City about the total valuation of the properties in the LMRID area (as per the 2016 property valuation role) and as soon as we receive this we will be able to calculate the final rate that the SRA will represent.
We will be communicating further details on all these matters as soon as these are available.