independent

Thursday 14 November 2019

New Drogheda BIDS comes into operation from Jan 1

Francis Carroll

Councillors have unanimously endorsed Drogheda BIDS (Business Improvement District).

At the October meeting of Louth county council, they gave the green light for the scheme to proceed next year.

The purpose of a Business Improvement District is to enable ratepayers to draw up a scheme of projects, services and works additional to those provided by the local authority for the benefit of the district.

The scheme will be financed by an annual contribution levy imposed on and collected from ratepayers of rateable property within the area.

A plebiscite of ratepayers was held to determine the level of support for the scheme for a period of five years, and it resulted in 510 in favour and 139 against.

That represented a turnout of 47% as 1,400 ratepayers were entitled to vote, the meeting heard.

As a result of councillors giving their approval last week, the establishment of the scheme comes into force on 1st January next.

There was general welcome for the outcome and congratulations to the Drogheda BIDS team which now has 60 days to form a board of directors for ratification by the council.

Drogheda Independent

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