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Minutes:
John Forteith provided a power point presentation on the progress to date
of BID4Oban, giving a summary definition of a BID as “A geographically defined
area where businesses have voted in a legally binding ballot, to invest
collectively to make local improvements to their trading environment.”
The BID4Oban
proposal includes all businesses in Oban within the 30mph speed limit zone;
includes all businesses/ properties with a rateable value of £3000 or above;
and excludes charitable & not-for-profit organisations (with exception of
charitable retailers)
Mr Forteith informed the group that improvements are funded with money
collected through a levy paid by businesses located within the BID area, and are
not a replacement for services provided by the local authority or other public
bodies. It is hoped that the BID for
Oban will increase the number of visitors and shoppers to the town, provide an
opportunity to improve the business performance within the town and improve the
ambience of the town.
The presentation concluded that BID4Oban Management Board are to deliver
a 5 year business plan by June 2012 with an approximate budget of £150K per
annum, and that a successful BID for Oban will mean:
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