Through an Operating Agreement with Westminster City Council and the Royal Borough of Kensington and Chelsea, a process will be put in place to monitor the collection of the BID levy over the duration of the five-year tenure.
Within one month of the ballot result, the Brompton Road BID and each Council will set up a Monitoring Group. There will be at least two meetings of each group every financial year throughout the BID term. At each meeting the monitoring group will:
- Review the effectiveness of collection and enforcement of the BID levy
- Assess the information provided by the Brompton Road BID Council, Westminster City Council and the Royal Borough and Kensington and Chelsea to each party and make recommendations and/or adjustments
Leveraging additional non-BID levy funding
The BID will seek to grow its number of voluntary members and in particular leverage its activity towards the delivery of additional funding to support ongoing work programmes. This is with particular regard to public funding opportunities, property owners and commercial/corporate partners.