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Special Rating Area (SRA) also called City Imoprovement District (CIB) refers to a clearly defined geographical area, in which property owners contribute additional rates to fund ‘top up’ services for that specific area as per the approved Business Plan. Special Rated Areas as required by Finance Department, City of Cape Town.SRAs are governed by Section 22 of the Municipal Property Rates Act (MPRA), the Municipal Finance Management Act (MFMA), the Companies Act (Non Profit Company - NPC), the SA Constitution and the City of Cape Town’s Special Rating Area By-law of 2012.Publication Date: 11 December 2015 |