Reinstating the Christ Church Cathedral could cost ratepayers $18 each per year over the next four years.
The city council is set to look at options for funding the $10m grant it has promised toward the rebuild of the cathedral at a meeting on Tuesday.
Options include targeted rates, which would mean an extra cost to ratepayers of $18 per year for four years – $72 in total.
Another option is borrowing the $10m needed for the grant. That would mean a cost to ratepayers of $5.50 per year, declining gradually over the 30 year term of the loan to about $2.50 per year.
Averaged out at $4 each year, this would mean a total of $120 paid by the time is repaid.
The city council’s grant was conditional on the Anglican Synod decision to reinstate and other contributors confirming their financial commitments.
Both of these conditions have been met.
The offer, which was approved by the Anglican synod in September, also included a $10m grant and $15m loan from the Government, and $13.7m from the Great Christchurch Buildings Trust rebuild campaigners.
The city council is planning to ask for public views on a $10m grant.
The church would contribute $42m from the cathedral insurance proceeds.
A fundraising campaign is set to be held to make up the rest of the estimated $104m cost.
The rebuild and restoration work is expected to take seven to 10 years.
The city council will also decide tomorrow how to run the public consultation process.
The current proposal is to open the plan up for written submissions between October 12 and November 13.
A hearing would then be held in late November or early December, where people could make verbal submissions.
Mayor Lianne Dalziel and city councillors would then make a decision on the grant, which would be expected before the end of the year.
In the proposal, Ms Dalziel said she was not looking for simple yes or no answers.
“It’s an invitation to provide feedback – the why is just as important as the answer,” she said.
She said she had personally felt an “overwhelming sense of relief” when she heard the decision had been made to reinstate the cathedral.
“As you will know, we were New Zealand’s first city established by Royal Charter 31 July 1856. This required a commitment to build a cathedral – a seat for the Bishop. So the historical connection with the Cathedral is very real,” she said.
“The wide range of feedback from our communities around the fate of the cathedral though, clearly demonstrated two things. First, people were divided about the future of the cathedral – reinstatement or new build. But second, we were united in wanting a decision, because the lack of a decision was holding the city back.”
She said the consultation process would provide a chance for people to play a part in that process.