Residents to receive a refund
Nedlands ratepayers within the area of the West Hollywood Underground Power Project are being delivered a refund in the form of a reduced bill with their 2019-20 rates notice, as a result of the project coming in well under budget.
Approximately $250,000 is currently being returned to the West Hollywood Underground Power Project ratepayers, with another $250,000 transferred back into the underground power reserve fund. The savings have been realised through a combination of sound project management skills and an excellent working partnership between the City, Western Power and contractors.
The City is very pleased that the project came in under budget and delivered a refund to residents as a result of excellent project management and cooperation between Western Power and the City.
Normal practice with projects of this size is that an amount is withheld to manage any defects that may occur within the defects liability period of 52 weeks post-project completion date. This means, if no issues arise during the defects liability period, further refunds may be passed on in early-mid 2020.