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8.A. - Page 31 <br /> Linear Frontage costs: $ 9.50 per linear foot /year <br /> Building Square Footage costs: Benefit Zone 1 $ 0.1094 per square foot /year <br /> Benefit Zone 2 $ 0.074703 per square foot /year <br /> Lot Size costs: $ 0.038170 per square foot /year <br /> Residential Condo costs: $0.20 per square foot of parcel unit square foot. <br /> Residential condo owners will NOT be assessed for <br /> linear frontage or lot size, but rather only the <br /> actual building square footage of their residential <br /> condo. (Regardless of benefit zone within the <br /> district) <br /> There are 222 parcels in the proposed CBID with 147 property owners. <br /> Downtown Redwood City CBID Plan 2014 <br /> Generation of Revenues by Benefit Zone and Property Variables <br /> Variable Annual Costs Generates <br /> 1— Building $0.1094 $ 118,954.00 <br /> 1— Lot $0.038170 $ 58,304.00 <br /> 1— Linear $9.50 $ 159,961.00 <br /> Subtotal Zone 1 $ 337,219 - 42% <br /> 2 — Building $0.074703 $ 94,035.00 <br /> 2 — Lot $0.038170 $ 100,254.00 <br /> 2 — Linear $9.50 $ 263,082.00 <br /> Subtotal Zone2 $ 457,371 — 58% <br /> Condo /Per Sq. Ft $ 0.20 $ 1,191.00 — 0 <br /> Total Budget $ 795,781.00 — 100% <br /> 23 <br />