The residents were interviewed on A Current Affair on Wednesday 1 September - watch the video.
The Geelong Council Minutes of 27 July 2010 ( in pdf format) show that the Council agreed to the following:
That Council having declared a special charge on 11 March, 2008 for the purposes of defraying the expenses in relation to the construction of Duke Street between Wyndham Street and Newcombe Street, Granville Street, Palmerston Street and High Street, Drysdale (Appendix 13-2 – Plan) in accordance with Section 163 of the Local Government Act 1989 (the Act) resolves that:
1) the special charges as declared be varied in accordance with actual costs incurred on the project as required by Section 166 of the Act as shown in Schedule A – Appendix 13-1;
2) the General Manager of Corporate Services is authorised to levy and recover the special charges by sending notices to the persons who are liable to pay in accordance with Section 166 of the Act and the Regulations; and
3) in accordance with Section 172, the rate of interest which is payable on the special charges which have not been paid by the specified date is set at Council’s overdraft rate, reviewed every three months (provided that it shall not exceed the rate fixed by the Governor in Council by Order for the purposes of Section 172 2A in which case the rate of interest shall be the maximum rate fixed by the Governor in Council by Order for the purposes of the Section). The interest is to be calculated from the date the special charge is due, with a six months interest free period, providing those persons who choose to pay by instalments adhere to their repayment plan.
See my previous article for more information.