Funding Impact Statement Rates Funding Impact Statement Scheme Loan rate which are based on irrigable hectares; or the Energy Efficiency rates which are based on the service amount). The Rates Funding Impact Statement provides the following information: LTP refers to Council’s Long Term Plan which was adopted on 28 June 2018. • • Detailed explanations of the types of rates that are to be set, their purpose, and A Separately Used or Inhabited Part of a Rating Unit (SUIP) the basis on which they are calculated. • A narrative description of the geographic areas that are used for Targeted Definition • General-type Rates and Charges. • A separately used or inhabited part of a rating unit includes any portion inhabited or used by the owner or a person other than the owner who has • General Information in respect of rates instalment dates and penalties for late the right to use or inhabit that portion by virtue of a tenancy, lease, licence, payment. or other agreement. Revaluation movements information. For the purposes of this definition: • • A SUIP includes separately used parts, whether or not actually occupied at The GST inclusive (incl) amounts shown in this Statement have been calculated any particular time, which are used by the owner for rental (or other form of using GST at 15%. occupation) on an occasional or long term basis by someone other than the owner. Terminology • A rating unit that has a single use or occupation is treated as having one Unless otherwise specified: separately used or inhabited part. • Vacant land and vacant premises offered or intended for use or habitation • The terms land values, capital values or rating units refer to rateable land by a person other than the owner and usually used as such are defined as values, rateable capital values or rateable rating units as the case may be. ‘used’. Uniform Annual Charge (UAC) or Charge refers to a targeted rate of a uniform Examples of the application of the definition • amount calculated on each separately used or inhabited part of every rating • Where a rating unit has two separately used parts, whether or not actually unit; or for some charges, on every rating unit. occupied at any particular time, they will be treated as two SUIPs. General Type Targeted Rates are rates that are targeted to a particular Residential Residential = 2 SUIPs • geographic rating area or a differential rating area group. (These rates are based on the land value of each property). • Where a rating unit contains both a commercial or industrial type use, and a residential or rural type use they will be treated as two SUIPs. • General Type Targeted Charges are charges that are targeted to a particular Commercial or Industrial Residential or Rural = 2 SUIPs geographic rating area. (These charges are set differentially for the six geographic areas as a fixed amount on every separately used or inhabited part Where a number of different businesses are located on one rating unit, of a rating unit). • each separate business will be assessed as a SUIP. • Separate Targeted Rates and Charges are rates or charges that are targeted to Commercial Commercial = 2 SUIPs a particular area of benefit, eg: Water, Sewerage. (Separate targeted rates are based on the land value of each property other than Wairau Valley River Works rates and the Kenepuru Road rate, which are levied on capital value, the Southern Valleys’ Irrigation Loan rate and the Flaxbourne Community Irrigation 2018-2028 Long Term Plan Page 268