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Can the BID be terminated at any point?

April 26, 2017bid point terminated

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Can the BID be terminated at any point?

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Under some circumstances, either the local authority or the BID organisation may terminate a BID. In all cases, all stakeholders including the local authority, the BID organisation and representatives of the business community must be consulted before the termination of the BID. After the termination, the local authority must notify all liable rate payers in writing and provide an explanation of whether a refund will be made.