Council is considering the implementation of a special annual levy for City Centre properties as a means of raising the revenue required to fund improvements in the City Centre; including carparking improvements.
Council recognises that City Centre users also have a responsibility to contribute to carparking costs. In conjunction with the City Centre Improvement Levy hourly and daily parking bay charges will be introduced. Council seeks to determine the balance between annual levy incomes and parking bay charges that will provide a sustainable income stream for the ongoing improvement of its City Centre and the provision of CBD carparking.
Council proposes to enact a levy on property owners within the City Centre, which equitably allocates the costs associated with providing parking and other improvements aimed at supporting the many City Centre businesses.
It is a method that will result in adequate funding being identified for the provision and planning of future car parking, and for the ongoing development of the City Centre public space, to the benefit of all stakeholders, and one that allows for longer term payment rather than an up-front commitment.
The City Centre Improvement Levy will be responsive to changes in the community’s use of vehicles over time and can decline in annual value, should commuters and shoppers choose more sustainable forms of transport, such as walking, riding, or bussing to the City Centre.
This special levy will apply only to the properties in Palmerston City Centre, not suburban residential, commercial and industrial properties.
This initiative is identified in Council’s City Centre Parking Strategy. The Strategy can be viewed here.
At this time Council has not resolved what the levy rate will be. Council has indicated that, if levied, the charge will be based on the value of the car park shortfall at the property. Car park shortfall will be calculated as the difference between the number of bays provided at the property and the number of bays required by the property in accordance with the generation rates given in Table 6.5.1 columns 1 and 2 of the NT Planning Scheme.
Feedback on the public consultation closed on Monday 24 April 2017.