Airport Industria City Improvement District, BISHOP LAVIS

The Airport Industria City Improvement District NPC AICID is a community-driven venture, allowing the local community, property owners and local businesses to organise and fund improvements within the AICID Once established by the City the AICID, a non-profit company NPC, carries out the improvements and upgrades proposed in its business plan, funded by an additional property rate levied on rateable property located within the AICID The additional property rates are collected by the City of Cape Town CCT from property owners in the area and paid to the AICID The additional property rate is expressed as a cent in the Rand, is based on municipal valuation of the property and payable by all property owners