Funding Impact Statement Renwick Sewerage Loan Rate $30,126 GST excl ($34,645 GST incl) The Renwick Sewerage Loan Rate is calculated on the land value of every rating unit in the Renwick Sewerage Special Rating Area in respect of which no contribution to the lump sum scheme was chosen to fund debt servicing costs. The loan rate will continue until 30 June 2026. A decrease of $705 GST excl will occur. On a rating unit with a land value of $170,000, the loan rate will decrease from $81.30 to $80.39 and the new cents in the dollar rate is 0.047288 GST incl. Southern Valleys’ Irrigation Loan Rate $978,712 GST excl ($1,125,518 GST incl) This rate is assessed on the basis of a fixed amount per hectare on all irrigable land on every rating unit in the Southern Valleys’ Special Rating Area in respect of which no contribution to the lump sum scheme was chosen to fund debt servicing costs on capital expenditure. The loan rate will continue until 30 June 2027. A decrease of $22,036 GST excl will occur. The new targeted loan rate is $302.64 GST incl. Flaxbourne Community Irrigation Scheme Loan Rate $1,053 GST excl ($1,211 GST incl) This rate is assessed on the basis of a fixed amount per hectare on all land committed to receive a base allocation of water amounting to 2,250 m per hectare on land3 identified within the Flaxbourne Special Rating Area. The quantum of the loan rate will alter as the scheme proposal is progressed and will be used to either fund investigation costs incurred should the scheme not proceed or the total cost of the scheme should construction contracts be awarded. The targeted loan rate remains at $1 GST inclusive. 2018-2028 Long Term Plan Page 273