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The area’s two local Business Improvement Districts (BIDs), Destination Ōrewa Beach and Silverdale, had their targeted rates for the 2024/25 financial year approved by the Hibiscus and Bays Local Board last month.
BIDs charge a levy/targeted rate to all businesses within their areas. They set this at their annual meetings, where it is voted on by members.
The rate must then be approved by the local board and Auckland Council as part of their budget process.
It funds activities that support businesses, including promotional activities, events, networking and lobbying on a range of issues.
At its May 28 meeting, the local board approved an increase of seven percent for Destination Ōrewa and an unchanged rate for Silverdale, which received BID status in 2023. The total amount to be collected for the Silverdale BID is $500,000 and $311,029 for Ōrewa.
Provided the council’s governing body approves these rates, they will be collected from businesses starting on July 1.
