JPROA Statement of Levies 2013/2014

JPROA Explanatory Notes and Levies July 2013-June 2014 This document is protected by copyright. Do not copy it unless you have permission to do so. Page 1 of 16

Jack’s Point Residents & Owners Association Inc

Statement of Levies & Explanatory NotesJULY 2013 – JUNE 2014

JPROA Explanatory Notes and Levies July 2013-June 2014 This document is protected by copyright. Do not copy it unless you have permission to do so. Page 2 of 16

Jack’s Point and The Jack’s Point Residents and Owners Association Incorporated Explanatory Notes INTRODUCTION The Jack’s Point Residents and Owners Association Incorporated (the Society) has been formed to administer the affairs of the Society. The activities of the Society are similar to those of a local body in that it administers and manages certain services to properties within Jack’s Point and maintains various communal facilities owned by the Society for the members’ benefit. On purchasing a property at "Jack’s Point", the purchaser is required to become a member of the Society. The Society operates under a Constitution which, among other things, sets down the rights of members in relation to the Society's assets and the manner in which properties shall be levied for the services and communal facilities maintained by the Society, and provides for how the Society manages itself.

TABLE OF CONTENTS

1. THE DEVELOPMENT ......................................................................................................................... 3

2. THE SOCIETY ................................................................................................................................... 3

3. SOCIETY SERVICES AND COMMUNAL FACILITIES ............................................................................ 4

4. PRINCIPLES OF LEVY SYSTEM ......................................................................................................... 4

5. BASIS OF LEVIES ............................................................................................................................. 6

6. PROPERTY BANDS .......................................................................................................................... 7

7. PRINCIPLE ASSUMPTIONS ON COST ESTIMATES ............................................................................. 7

7.1 Administration ................................................................................................................................... 7

7.2 Roading ............................................................................................................................................ 7

7.3 Public Spaces ................................................................................................................................... 8

7.4 Stormwater ........................................................................................................................................ 8

7.5 Street Lighting and Furniture, Signage .............................................................................................. 8

7.6 Water Supply ..................................................................................................................................... 8

7.7 Wastewater ....................................................................................................................................... 8

7.8 Sinking Funds ................................................................................................................................... 9

8. COMMUNAL FACILITIES ................................................................................................................... 9

9. RIGHTS AND OBLIGATIONS OF SOCIETY MEMBERS IN RELATION TO COMMUNAL FACILITIES ........ 10

10. STATEMENT OF LEVIES ................................................................................................................. 12

11. JACK’S POINT ZONE ...................................................................................................................... 13

12. SOCIETY LAND PLANS ................................................................................................................... 14

JPROA Explanatory Notes and Levies July 2013‐ June 2014 This document is protected by copyright. Do not copy it unless you have permission to do so .Page 3 of 16

1. THE DEVELOPMENT

The whole of the Jack’s Point development zone is shown on the attached plans. At the date of this document, purchasers at Jack’s Point are obliged to be members of the Society. More details about the Society are set out in the next section. The plans also show the areas that are currently "common land" and the areas that are likely to become common land as Jack’s Point is further developed (the exact areas of future development may vary from the areas on the plans). Jack’s Point is a long term development. The plans show the approximate timeframe within which it is currently expected each stage of the development will be completed. As each stage is completed, the communal facilities associated with that stage (for example, roads, water systems, common areas) will be transferred to the Society. The Society is obliged to accept these areas. However, there is no guarantee that each stage will be completed within the timeframe currently anticipated. The timeframe will be impacted by the economic conditions in the property market in Queenstown including the speed of sales in each stage of the development and therefore all indicated timeframes will be reassessed on an ongoing basis. There is also no guarantee about when or if Henley Downs or Homestead Bay will be developed and again will be heavily influenced by the economic conditions in the property market.

2. THE SOCIETY

Each property owner is required to be a member of the Society. Membership of the Society entitles property owners to use the services and communal facilities described in the next section. It obliges members to pay levies for the use and upkeep of those facilities. The levying system is described in sections 4-7 of this document. The communal facilities are outlined in section 8. The rights and obligations of members when using the communal facilities are outlined in section 9. Members of the Society are entitled to vote on certain matters from time to time. At an annual or special meeting of the Society, each member of the Society who has paid up all levies and fees payable is entitled to one vote for each property they own. Where more than one person owns a property, only one of them is entitled to vote. In that case the owners need to agree between them who will vote and this is recorded on their Application for Membership of the Society. If they cannot agree, the name that appears first on the title for the property is the person entitled to vote. A corporate member votes by nominating a representative to act for it. At a meeting, a member can vote in person or by proxy. All notices of proxy votes must be received by the Society at least 24 hours before the meeting. Unless the proxy notice contains instructions from the Member, the proxy can vote as they see fit. Voting is by voice or show of hands, unless a poll is demanded in accordance with the Constitution or the Chairman elects to hold a paper ballot. Unless the matter is one requiring a special resolution (when 75% of members must pass it), a simple majority applies. In the establishment years of the Society there shall be a Controlling Member. This is to ensure that Jack’s Point develops as close to the vision as anticipated by the developer, as practicably as possible. The Controlling Member is entitled to hold more votes than the number of people entitled to vote while in existence. The Controlling Member has a process it must follow before it can exercise that vote; it is set out in clause 15.3 of the Constitution. If changes to the Constitution are proposed, and those changes will affect one group of members, for example Commercial Members (Members Interest Group) more than others, a special resolution must be passed not only by all members but that Members Interest Group as well.


Members of the Society can make a written resolution instead of holding a meeting. This requires 75% of members to sign the resolution, or the Controlling Member to do so after complying with its obligations under the Constitution if the Controlling Member is still in existence. Rule 15.8 of the Constitution sets out some special requirements about voting, for example all members must vote in good faith with a view to ensuring that all members are treated equally. Members elect a committee, which is responsible for the day to day running of all aspects of the Society. The committee may elect to engage other companies to carry out the management of the Society’s responsibilities The Constitution of the Society is publicly available at www.companies.govt.nz/companies and searching the "other registers" for the Society. Another option is to go to the Jack’s Point Web site (www.jackspoint.com) or contact the Society manager.

3. SOCIETY SERVICES AND COMMUNAL FACILITIES

The services and communal facilities which the Society is required to manage and maintain and for which members will be levied are –

Roading throughout the Jack’s Point development Water (potable) available to all lots from the Society-controlled water utility company Wastewater and sewerage from all lots to secondary treatment plants and disposal areas Stormwater collection and disposal Communal facilities including parklands, walking tracks, open spaces, lakes and wetlands Street lighting, furniture and signage Administration, covering all elements of the Society’s management, insurances, QLDC and

ORC rates for Society areas. Financial Management including day to day accounting, compiling annual accounts and

obtaining signed audited accounts

Other services such as electricity, telephone and gas are provided directly to members by specialist utility suppliers who will charge individual property owners for those services as is the norm in other communities. In addition to the levying of these costs, members will receive rates charges from the Queenstown Lakes District Council (“QLDC”) and the Otago Regional Council (“ORC”) for the services provided by those bodies and on the same basis as applicable to ratepayers who own property in the QLDC and ORC districts. However it is assumed that there will be no charges from either of those bodies for services provided directly by the Society (specifically water, wastewater/sewerage and stormwater).

4. PRINCIPLES OF LEVY SYSTEM

As noted above, the Society is like a local body. However it does not have the same benefits afforded to local bodies under a range of statutory legislation particularly in relation to the levying of rates on properties and in the ability to issue long-term debt securities to fund capital works. Accordingly consideration must be given to the true costs of maintaining the Society’s assets in the longer term in order to avoid, as best it can, the issues of inadequate spending by local bodies necessary to maintain appropriate infrastructure as is currently evident throughout New Zealand.


The Society will continually assess the costs of operating the services and communal facilities for which it is responsible. In estimating these costs it will consult with and take advice from infrastructure consultants experienced in the design, installation and management of such assets to ensure adequate provisions are made to meet both the immediate operating costs and the long-term maintenance and replacement requirements of the Society’s infrastructure assets. The life of such assets varies considerably and therefore it is important that in setting the Society levies, appropriate allowance is made to ensure these assets are adequately maintained over the longer term and sufficient funds for replacement of assets are established. As at the end of December 2010, the majority of residential development has been completed within the Jack’s Point part of the zone. The majority of infrastructure assets and open space land resulting from the residential development of the Jack’s Point part of the zone have only been fully vested in the Society in the last few years. The Society has therefore had limited historical operating costs that can be used in establishing the annual operating budget and setting the annual levies. Additionally, the use of infrastructure assets by residents is currently considered light due to building development being in its infancy. The Society’s operating budget and levies are currently based on maintaining infrastructure and open space for 672 residential lots and 36 Preserve homesites. This number may increase slightly due to some residential lots having the ability to accommodate more than one dwelling on a titled lot. Additionally over time it is anticipated that hotel accommodation will be developed on the Jack’s Point Lodge site and the development of the Jack’s Point Village area will add additional properties. These will be a mixture of commercial, retail, accommodation and residential properties and therefore will create another levy group (members interest group). It is likely that these properties will have levies based on a different calculation than the current residential properties due to the nature and density of their development. The second part of the zone is known as Henley Downs. As yet no final development plans have been provided to the Society. However the Society understand initial plans to include up to 600 residential sections as well as land suitable for commercial, retail and other mixed use activities. Henley Downs owners (via the developer) are expected to request they become part of the Society as they have similar development controls as Jack’s Point and anticipate using existing Society communal facilities. The third part of the zone is known as Homestead Bay. As yet no development or plans have been provided to the Society outlining development of this area by the current owners. The opportunity exists in the future for owners at Homestead Bay to become part of the Society as they have similar development controls as Jack’s Point and Henley Downs. The Society’s current operating budget and therefore Levies are set based on maintaining the Society’s assets within the Jack’s Point part of the overall zone. Any future assets vesting in the Society for the development of Henley Downs and/or Homestead Bay would mean that the membership base for those areas would need to fully support the maintenance of the assets in those parts of the development. In the initial years this may mean a slightly different levy for those areas than those levies paid by members within the Jack’s Point part of the zone. The Society will ultimately include not only the current residential and Preserve lots developed at Jack’s Point but also the Jack’s Point Lodge Site, the Jack’s Point Village area adjoining Lake Tewa and potentially the residential and village areas of Henley Downs on the northern boundaries of the Jack’s Point residential and village precincts and possibly the development of residential and other uses at Homestead Bay. As developed lots are created in any of these areas, those lots will become be incorporated into the Society and be entitled to access the Society services and facilities on the same basis as existing Society members. Over time, the inclusion of all of these areas will result in the Society costs being spread over an expanding membership base thereby keeping the cost to each member as low as possible. It is not


intended that allowing landowners in Henley Downs or Homestead Bay membership of the Society will increase levies of itself. Under the Constitution, the Society’s financial budget must be prepared and advised to members annually. This will include notice of the levies payable in relation to each property. In the initial years, these budgeted costs will be planned to cover anticipated costs in the short to medium term for the services and areas that are under the Society control. Over this initial period as properties are developed, there is not expected to be major wear and tear on the Society assets although the maintenance of the landscaped areas will be consistent throughout. It is therefore proposed to include some provision for the establishment of a sinking fund to cover contingent future costs for maintenance of core assets (e.g. roads, water and wastewater facilities) but only to a moderate level. As the costs are reviewed on an annual basis, the Society will plan to maintain any such sinking fund at levels not greater than are necessary to meet foreseeable future costs. Costs are identified and allocated to properties depending on where they are located within the development. In general, all properties are able to utilise the Society services and communal facilities apart from certain roading and wastewater services to particular parts of the development. In such instances, levies are based on the services and communal facilities each property benefits from and has access to.

5. BASIS OF LEVIES

Most council rates tend to adopt a combination of uniform charges, fixed and variable charges, capital value based charges and fixed levies for capital works. While uniform and variable charging can be readily adopted, it is difficult to provide an equitable spread of charges using capital value based levies at Jack’s Point, particularly in the initial years when considerable development is occurring and lots are being released progressively. There is also the issue of the continuing need to obtain acceptable rating values on which to base the levies. As an alternative measure of establishing a levying basis to reflect the differing types of property at Jack’s Point and attain equitable relativity between lots until such time as the development is complete (or substantially complete), the Society has adopted a levying base that includes the following: 1. a fixed uniform charge to recognise services that all members receive regardless of the type or size

of property they own; 2. a variable uniform charge based on lot size, identified by band, to reflect the relative scale of

development that can be undertaken on a lot; 3. a fixed charge for specific services that are available to members’ lots regardless of whether those

services are being used (e.g. potable water and wastewater services available at property boundary); and

4. variable charges for those services in (3) that can be measured or assessed (e.g. metered potable water consumption and estimated wastewater outflows).

5. Special charge that can be levied if necessary to establish a sinking fund regarding matters such as asset replacement.

Upon completion of the development (or sooner if considered appropriate) a review of the levying basis can be undertaken by the Society to consider whether the above bases remain appropriate and equitable. A table of the estimated levies is set out in section 10 of this document. The assumptions on which these are based are set out in section 7. The levy estimates have been prepared on behalf of the Society and have been reviewed by it. The Society has not had the levy estimates independently reviewed as given the complexity of its activities it believes it is the best party to undertake the estimation process.


6. PROPERTY BANDS

It is recognized that while property values can vary depending on the size and specifications of buildings on individual lots, the value of services provided and access to amenities bears more relevance to lot size than value. In recognition of this properties have been grouped into bands based on lot sizes ranges. Weightings are then applied to each band based on the relative scale of development that can be undertaken on a lot. The bandings that has been adopted are as follows –

Lot Size Band Weighting

Up to 800 sqm A 1.00

801 to 1200 sqm B 1.20

1201 to 2000 sqm C 1.40

2001 to 3000 sqm D 1.75

Over 3000 sqm E 2.00

Homesites 3.00

Lodge 20.00

There are however some residential lots that do have lower building height limits of 5.5 metres (normal 8.0 metres). Those properties have been banded at one band lower, where possible, on the banding scale to reflect that only a single level dwelling can be erected on those lots.

7. PRINCIPLE ASSUMPTIONS ON COST ESTIMATES

Costs of each category of expenditure have been assessed under three categories – i) Annual costs of providing or maintaining each service; ii) Recurring costs to maintain assets that occur over the medium to longer term; and iii) Capital costs of replacing assets at the expiring of each assets expected life. In relation to each of the cost categories above, these assumptions have been applied as follows: 7.1 Administration

Direct annual costs of administering the Society’s affairs, insuring of assets, local body rates on communal areas and other costs have been assessed. Assets included under Administration are of lesser value and as such will be budgeted for as annual costs (predominantly office type assets).

7.2 Roading Jack’s Point will on completion of the development contain over 20 kilometres of roading. These roads are comprised of three differing areas.

a) Main access roads from the state highway system to the central areas and ultimately

south to Homestead Bay and north to Henley Downs. The costs associated with these roads are shared between all properties.

b) Roads through the residential neighbourhoods to service some 672 lots. The costs associated with these roads are shared between the residential lots only.


c) Private roads up to the Lodge and the 36 Preserve lots. The costs associated with these private roads are shared between the Lodge and Preserve lots only.

Annual road maintenance costs have been provided to cover minor annual maintenance such as repair of potholes, road marking etc, footpaths, grass verges and landscaped areas within the road corridor boundaries. Recurring costs such as resealing are to be provided for at 8 - 10 year cycles. Road replacement (i.e. removing of surface and relaying and re-kerbing) is to be provided for on 25 -30 year cycles. Target dates for both resealing and replacement of roads are to be annually assessed by roading engineers to help in determining that sinking fund contributions are adequate, based on wear and tear roads are incurring.

7.3 Public Spaces Annual costs of maintaining the public spaces have been estimated together with provisions for longer term maintenance of each of the particular assets based on the type of asset.

7.4 Stormwater

Annual costs of maintaining the stormwater system have been estimated together with provisions for longer term maintenance of each of this system which has an expected life of up to 75 years.

7.5 Street Lighting and Furniture, Signage Annual costs of maintaining these amenities have been estimated together with provisions for longer term maintenance of each of the particular assets based on the type of asset.

7.6 Water Supply

The supply of potable water is to be provided by a separate company, Coneburn Water Supply Company Limited (CWS). Under the resource consent obtained for the supply of water there is to be only one water supply entity for the Jack’s Point Zone which includes the Jack’s Point, Homestead Bay and Henley Downs lands. Upon either of those other parties wishing to obtain potable water supplies, CWS is required to supply to them on the same basis as water is supplied to members of the Society. For convenience and efficiency of administration, CWS will supply water in bulk to the Society and the Society will levy its members for water supplied to each property. CWS is a non-profit company and accordingly members will only pay the actual cost of the water supply operations, inclusive of provision for long term maintenance of the water supply assets. The water supply costs have been split into two components. Firstly a fixed annual charge payable by all properties based on water being available at the property boundary. This charge is to cover the base operating costs of the water system, regardless of the volume of water processed. The second charge component is based on the volume of water recorded by a meter to be installed on each property as that property connects to the water system.

7.7 Wastewater Each property is required to have installed on the property a primary collection chamber, maintenance of which is the responsibility of the owner and a maintenance agreement must be entered into. Wastewater is discharged from that chamber into a collection system which is then pumped to a second stage collection tank for treatment prior to discharge on the Society lands. The Society maintains the system from the property boundary, the charges for which are based on firstly a fixed annual charge payable by all properties based on wastewater connections being available at the property boundary. Secondly a variable charge will be made based on an assessed volume of the water supplied to each property, set by reference to the amount of potable water supplied to each property.


7.8 Sinking Funds The levies include sinking fund contributions, which will progressively introduced over the next 5 years so by 2015 the sinking fund contributions made by property owners will be at 100% of estimated requirements. Contribution amounts will be subject to annual inspection of the assets to determine their remaining economic live. Further information about how the sinking funds are calculated can be obtained from the Society.

8. COMMUNAL FACILITIES The communal facilities within Jack’s Point, owned by the Society are:

Year Vested in the Society or expected to be Vested.

Lake Tewa (most of the lake but not surrounding lake shore) 2006

Roads and Road Corridors including street furniture (lights and signage), rock walls, garden beds

2006 - 2021

- Maori Jack Road 2006

- Homestead Bay Road 2006

- Jack’s Point Rise and side roads 2008

- Orford Drive, McKellar Drive and side roads 2006

- Rannoch Drive, McAdam Drive and side roads 2006 – 2007

- Double Cone Road north of Orford Drive and side roads 2010

- Morrison Drive and side roads 2009 - 2013

- Lodge Road, Preserve Road to Matagouri Drive and side roads

2006

- Preserve Road north of Matagouri Drive and side roads 2010

- Roads in neighbourhood known as N2B 2014

Wastewater Reticulation Network Wastewater secondary treatment pods & dispersal fields

2006-2013

Stormwater Network 2006-2013

Reserves & Openspace Trails & Walkways

2006-2013

Coneburn Water Supply Company facilities - Water treatment plant - Lake Intake & Pumping Station - Reticulation (including pipes, service points and Society

owned meters) - Reservoir (1 of 3 planned)

2006-2013


Notes: The Golf Course does not form part of the Communal Facilities The transfer of communal facilities in the future is affected by the speed at which the various

stages of the development are undertaken. The communal facilities listed above relate to the residential neighbourhoods either completed or

planned within Jack’s Point. In certain areas such as the Jack’s Point Village and lodge areas it is not clear exactly where

communal facilities will be located, but the communal facilities, if they are transferred to the Society, will comprise open space, and utilities necessary for residents including roads, waster water and stormwater reticulation. The risk associated with the vesting of any communal facilities to Society is timing, which is entirely dependent on economic conditions and the state of the property market in Queenstown.

In areas such as Henley Downs and Homestead Bay it is not clear exactly where communal facilities will be located, but the communal facilities, if they are transferred to the Society, will comprise open space, and utilities necessary for residents including roads, waster water and stormwater reticulation. The risk associated with the vesting of any communal facilities to the Society is developers of these areas confirming that the resulting developed properties are to become members of the Society and timing, which is entirely dependent on economic conditions and the state of the property market in Queenstown

9. RIGHTS AND OBLIGATIONS OF SOCIETY MEMBERS IN RELATION TO COMMUNAL FACILITIES All members of the Society, their tenants as well as any family members who live in the Property are entitled to use the communal facilities, subject to the Bylaws. No one else is entitled to use the Communal Facilities except where:

The Society with the agreement of the members, has entered into a lease for some of the communal facilities. In this case the terms of the lease will apply and the facility may not be available to Members during the lease term.

The communal facility includes a public easement and public right of way over it. The facilities that have public easements registered over the title are:

- Maori Jack Road and Homestead Bay Road - Walking trails including Preserve Loop and taking in walking/cycle access over Lodge

Road, Preserve Road, Back Shed Road and Hidden Island Roads Only those Members of the Society who own properties in the Preserve area and their guests may

access the Preserve. All other Members of the Society may access the Preserve area only by way of public easements.

The Bylaws require that the facilities are used:

In a way that does not obstruct or impede the use of the facilities by other Members of the Society, In a way that does not increase the Society’s insurance premiums Not to install or place anything on the facilities without the prior approval of the Society. For lawful purposes only and must not be used in an improper or offensive way or in a way that

may be detrimental to the reputation of Jack’s Point. In a way that does not detract from the attractiveness or state of repair of any of the facilities or

damage them, or deposit or leave any rubbish on, pollute or contaminate any of the facilities. In addition:

Use of boats on or swimming in Lake Tewa requires the prior approval of the Society. Vehicles parked on roads need to be in parking spaces provided Skateboards or other recreational devises are not permitted on the communal facilities.


Members must comply with speed limits and other rules set by the Society The above information is an outline of the bylaws and rules that members must comply with. Any queries about use of or restrictions applying to any communal facilities should be made to: Society Administrator: Phone: (03) 450 2052 Email: [email protected] Postal Address: PO Box 2016, Wakatipu 9349, Queenstown

Jacks Point Residents & Owners Association

Residential Property Levy Forecasts - 2007 to 2016

Forecast Forecast

a

g Actual Actual Actual Actual Actual Actual Actual Actual

Year Ending 30 June Property 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007

Band

Estimated increases including CPI movement 5% 5.5%

Standard Charges payable per Properties $ $ $ $ $ $ $ $

1. Annual Uniform Base Levy 1036 986 935 794 734 687 547 547 599 582

2. Uniform Variable Charge A 249 237 225 183 169 143 130 130 270 262

B 294 280 265 219 203 172 156 156 324 315

C 338 322 305 255 236 201 182 182 378 367

D 415 396 375 320 296 251 228 228 473 459

E 471 448 425 365 338 287 260 260 541 525

Homesites 748 712 675 548 508 430 390 390 811 787

3. Roading Levy A 199 190 180 134 128 145 134 134 571 554

B 216 206 195 162 154 174 161 161 685 665

C 233 222 210 188 179 203 188 188 799 776

D 249 237 225 235 224 254 235 235 999 970

E 294 280 265 269 256 290 268 268 1142 1109

Homesites 986 939 890 912 869 1266 1,105 1105 2689 2611

1.5% 2%

4. Water Access Charge 153 151 148 148 114 126 115 115 372 361

1.5% 2%

5. Wastewater Access Charge 124 122 120 120 114 125 118 118 150 146

6 Sinking Fund Contribution 10% 10%

Roading - Residential 198 180 164 164 84

Roading - Preserve 1262 1147 1043 1043 524

Water 103 94 85 70 35

Waste & Storm Water - Residential 200 182 165 165 83

Stormwater - Preserve 24 22 20 20 10

Street Furniture 13 12 11 11 11

Annual Levies per Property Band A 2,276 2,155 2,033 1,789 1,472 1226 1044 1044 1962 1905

B 2,337 2,213 2,088 1,853 1,532 1284 1097 1097 2130 2068

C 2,398 2,271 2,143 1,915 1,590 1341 1150 1150 2299 2232

D 2,492 2,360 2,228 2,027 1,695 1442 1243 1243 2593 2517

E 2,592 2,455 2,318 2,106 1,769 1514 1309 1309 2803 2722

Homesites 4,325 4,063 3,807 3,546 2,805 2509 2157 2157 4471 4341

Usage Charges payable per Property

6. Water Usage

Cost per cubic metre of potable water 0.95 0.95 0.92 0.90 0.90 0.90 0.42 0.45 0.43 0.42

delivered to property (metered at boundary).

7. Wastewater Usage

Assessed volume of wastewater processed

based on 70% of metered potable water 0.95 0.95 0.92 0.90 0.90 0.90 0.41 0.43 0.42 0.41

delivered to property.

Golf Levies

8.

Annual levy payable per property under the Golf

Access Deeds 1120 1098 1077 1167 1149 1100 950 800 650 650

Rebated Golf Maintenance Levy 997 992 950 950 800 650 650 0

Rebate granted at sole discretion of Golf Operator

against the golf levy as calculated under the golf

encumbrance 80 175 199 150 150 150 0 650

Goods and Services Tax

The above levies are subject to Goods and

Services Tax of 15% (being the rate applicable

at the date of this notice).

JPROA Explanatory Notes and Levies January 2011 This document is protected by copyright. Do not copy it unless you have permission to do so .Page 13 of 16

11. JACK’S POINT ZONE


12. SOCIETY LAND PLANS



JPROA Statement of Levies 2013/2014

Documents

society services

jacks point

various communal facilities

certain services

basis of levies

rights of members

property bands

societys assets