Flooding costs ratepayers millions - levee would too
"FLOODING costs us millions", and the South Rockhampton Flood Levee can save every ratepayer and taxpayer money, according to Mayor Margaret Strelow.
Rockhampton Regional Council will be approaching other levels of government to negotiate funding at the completion of the feasibility study. Cr Strelow said the council's $13m share would largely be funded by those that benefit from the levee.
About $4m of this will be spread across the broader community with $10 a year collected in the rates from property owners going towards repayment of this project if it proceeds," Cr Strelow said.
The remaining $9m will be paid by property owners who benefit directly and by the sale of council land identified behind the levee.
Hastings Deering will contribute $3m over 20 years through a special charge. Commercial businesses within the levee area will pay at a commercial rate, dependant on location.
- Commercial properties impacted in a 1-in-100 year flood would pay $300 a year at a fixed rate for 20 yrs.
- Commercial properties impacted in a 1-in-50 year flood would pay $400 per year at a fixed rate for 20 yrs.
- Residential properties impacted in a 1-in-100 year flood pay $80 per year at a fixed rate for 20 yrs.
- Residential properties impacted in a 1-in-50 year flood pay $150 per year at a fixed rate for 20 yrs.