San Juan/Laventille Regional Corporation Chairman Anthony Roberts says the 1000 per cent increase in fees for San Juan market vendors was a unanimous decision taken by all councillors.
Under the 1996 Bye-Laws, Mr Roberts says the majority of the 100-plus vendors were paying a rental fee of $40 per month and the new fee proposed is $400 per month.
This proposal is being sent to Cabinet for approval.
This did not sit well with vendors, as just days ago they staged a protest and threatened legal action over the issue.
The Chairman today told the media that it costs almost $500,000 per month to operate the market, and he believes the vendors have benefitted from the ‘archaic fees’ for too long.
Mr. Roberts says 75% of vendors are in arrears for 2017 and 2018, while 25% of them are still in arrears for this year.
Only one vendor he says is completely up to date with payments.