The interest rate is estimated at $1000 if the capital cost is spread over a 25-year period (at an estimate of $14,100). The interest rate, for a capital investment, has not yet been confirmed but council is working towards a fixed percentage rate for residents to provide certainty.
Anyone interested in the facts about this scheme is welcome to visit: www.rotorualakescouncil.nz/rotoitirotoma.
Stavros Michael
Infrastructure general manager
Rotorua Lakes Council
Shared cycleway success
The new shared cycle ways to the forest are brilliant. I no longer take my car with bike on the back as the new Hemo gorge underpass and track save so much time. What a success!
However, my question is, when the shared path runs out and we are left with an old narrow footpath, where am I supposed to ride? On the footpath or on the road? I'm sure when I biked to school in the 70s it was against the law to ride your bike on a footpath?
It's important for the public to know, especially schoolchildren who (I hope) are being encouraged to ride to school?
Murray Piesse
Rotorua
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