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Rate cap variation funds put to work

News Article Date: 
Friday, 29 November 2019

The first Warrnambool City Council project to utilise funds made available through a variation to the Victorian Government rate cap will begin next week.

A section of footpath along Pertobe Road in front of the carnival site will begin to be replaced from December 2. 

Subsequent works at Cannon Hill from the Portuguese monument to Pertobe Road are expected to be finished by Christmas.

Stretches of footpath along Russells Creek, St James Park and Gateway Road will be completed in the New Year.

Warrnambool Chief Executive Officer Peter Schneider said that the total cost of the footpath works is $374,000, which is less than what had been allocated in the budget.

“With this saving, we expect to be able to complete up to 600 linear metres of additional footpaths this financial year and remain within budget,” he said.

“The locations of these additional works are being finalised now, but they will be taken from our backlog of footpaths either due or overdue for replacement.

“An audit of every footpath in the municipality completed last year made it very clear that our footpath network is in serious need of rehabilitation, and these additional funds made available through the rate cap variation will go some way to addressing this.”

In May, the Essential Services Commission approved Council’s submission to vary rates by an additional two percent above the 2.5 per cent cap applied by the Victorian Government.

Mr Schneider said that all funds generated by this variation to the rate cap, $31 for the average residential household, will be spent on asset renewal.

“Warrnambool City Council was one of only two Councils in Victoria given permission to implement a rate cap variation,” he said.

“All funds raised through the variation will be used for the renewal of assets like footpaths and playgrounds,” he said.

“Our community places a high value on these important pieces of public infrastructure and this additional revenue will help ensure they meet community expectations.”

Footpaths will be closed while the upgrades take place, with no significant impact to vehicular traffic expected.

The remainder of the additional funds generated from the rate cap variation have been earmarked for the replacement of an ageing playground in Pappas Drive as well as renewal works to the Hopkins River Bridge.

 

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