Business owners in the proposed Porters Lake Business Improvement District (BID) will be voting this month on whether to create the BID. There will be a public information meeting for these business owners on Wednesday, June 12th at 6:30pm at the Lake & Shore Community Centre. Every property owner and every business owner gets a single vote; voting is by secret ballot, and ballots are due by Friday, June 21st. The proposal must get 50%+1 in order to go into effect.
HRM allows for the creation of BIDs as a way of allowing the landowners and business operators in a specified area to create a special tax that the members of the BID can then use to fund improvements like sidewalks or street lighting. The boundary lines of the proposed Porters Lake BID are along Highway 7 from Alps Road to the east end of Stella Drive, including all of Stella Drive, and along Porters Lake Station Road to Meadowview Drive.
In this case, the steering committee bringing the proposal has proposed a levy of $0.10 per $100 of assessed property value, with a minimum levy of $300 per year, and a maximum levy of $3,000. There are 14 commercial properties within the boundaries, and roughly 40 businesses.
For more information, check out the Porters Lake BID page on Facebook, or contact Rhonda Frank at 902-222-5227 or by email at [email protected].
