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THE DOWNTOWN REDWOOD CITY CBID — ENGINEER'S REPORT 8.A. - Page 55 <br /> PROGRAM OR ACTIVITY FUNDED BY THE APPROXIMATE% OF ESTIMATED ANNUAL <br /> DOWNTOWN REDWOOD CITY FIRST YEAR ANNUAL COSTS <br /> COMMUNITY BENEFIT IMPROVEMENT DISTRICT BUDGET <br /> Sidewalk Operations and Beautification 53% $ 423,000.00 <br /> District Identity and Signage 20% $ 160,000.00 <br /> Parking Management 7% $54,000.00 <br /> Administration/Corporate Operations 15% $ 120,000.00 <br /> Contingency /City and County Fees /Reserves 5% $ 38,781.00 <br /> TOTAL 100% $ 795,781.00 <br /> Parcels that receive these programs, services and improvements attract more customers, employees, tenants and investors <br /> as a result of these activities, programs, services and improvements, thereby increasing business volumes, sales <br /> transactions, occupancies, rental income and return on investments. These special benefits are particular and distinct in <br /> that they are not provided to non - assessed parcels outside of the District. Because these programs, services and <br /> improvements will only be provided to each individual assessed parcel within the CBID boundaries, these programs, <br /> services and improvements will constitute "special benefits ". Existing City of Redwood City general benefit services will <br /> be supplemented, and not replaced or duplicated, by CBID services. In the case of the Downtown Redwood City CBID, <br /> the very nature of the purpose of this CBID is to fund supplemental programs, improvements and services within the <br /> CBID boundaries above and beyond what is being currently funded either via normal tax supported methods or other <br /> funding sources. <br /> These special benefit services, programs and improvements, are designed to enhance the pedestrian, retail, commercial <br /> core and new residential uses, increase commercial and residential tenancies and marketing of the mix of retail, service, <br /> office, government, residential and parking properties in the CBID and improve the aesthetic appearance of each <br /> identified parcel. All special benefits funded from the assessments to be levied on parcels within the CBID are for <br /> services, programs and improvements directly benefiting each individual parcel within this area and support increased <br /> cleanliness, commerce, business attraction and retention, increased commercial property and residential rental income and <br /> improved District identity. No CBID funded services, activities or programs will be provided to any parcels outside of the <br /> CBID boundaries. <br /> While every attempt is made to provide CBID services and programs to confer benefits only to those identified assessed <br /> parcels within the CBID, the California State Constitution was amended via Proposition 218 to stipulate that general <br /> benefits exist, either by design or unintentional, in all assessment districts and that a portion of the program costs must be <br /> considered attributable to general benefits and assigned a value. General benefits cannot be funded by assessment <br /> revenues. General benefits might be conferred on assessed parcels within the District, or "spillover" onto parcels <br /> 8 <br />