—(1) As soon as practicable after the Minister has given his approval under section 24C(3)(b), the Town Council concerned shall carry out the lift upgrading works in the precinct in such manner as the Town Council thinks fit.
(2) Where the Town Council has completed any lift upgrading works in a building within a precinct, the Town Council may recover, by way of improvement contributions, the costs incurred by the Town Council in respect of the lift upgrading works from every owner of such flats in the building as are referred to in section 24C(2)(b).
(3) Subject to subsection (4), the amount of improvement contribution payable under subsection (2) by the owner of a flat shall be determined by the Town Council whose decision shall be final.
(4) Any improvement contribution determined by a Town Council under subsection (3) in respect of any lift upgrading works in a precinct shall not be less than the improvement contribution that the Board might have determined under section 65D(2A) of the Housing and Development Act (Cap. 129) if the Board had carried out similar upgrading works in that precinct.
(5) In this section and section 24E, “owner”, in relation to any flat sold by the Board —
means the person who is the owner of the flat at the time the improvement contribution is determined by the Town Council under subsection (3); and
includes an equitable owner, a person who has purchased a leasehold interest in the flat and a purchaser under an agreement for a lease.