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8.A. - Page 68 THE DOWNTOWN REDWOOD CITY CBID — ENGINEER'S REPORT <br /> relationship to programs /services to be funded. <br /> Based on the specific needs and corresponding nature of the program activities to be funded by the proposed Downtown <br /> Redwood City CBID (i.e. sidewalk operations/beautification; district identity; parking management; administration; and, <br /> contingency /reserve) the assessment factors on which to base assessment rates relate directly to the proportionate amount <br /> of building area, land area, street frontage, residential condominium building square footage and location (zone) within <br /> the CBID. It is noted that residential condominiums are assessed based on the individual building pad area (measured <br /> interior floor space) of each unit, regardless of zone location. It is further noted that publicly owned and tax - exempt <br /> owned parcels will not be assessed for their respective building areas since this assessment factor funds the District <br /> Identity program and Benefit Zone 1 Parking Management and these land use types will not specially benefit from this <br /> type of program. <br /> For commercial uses, the interactive application of building area, land area and street frontage quantities are a proven <br /> method of fairly and equitably spreading special benefit costs to these primary beneficiaries of CBID funded services, <br /> programs and improvements. Each of these factors directly relates to the degree of special benefit each parcel will receive <br /> from CBID funded activities. <br /> Building area is a direct measure of the static utilization of each parcel and its corresponding impact or draw on certain <br /> CBID funded activities (i.e. 100% of district identity costs and 100% of parking management costs). The targeted weight <br /> of this factor, building area, based on measured property characteristics, should generate approximately 27% of the total <br /> CBID revenue. The percentage of building square footage that is dedicated to private or internal tenant parking needs may <br /> be deducted from the gross building square footage. Only parking structures that are open to the public and charge fees to <br /> the general public on a regular basis will have their building square footage assessed as any other commercial building. <br /> Apartment buildings within the boundaries of the CBID, regardless of Benefit Zone, will be assessed as commercial <br /> buildings since there is a landlord /tenant relationship. <br /> Land area is a direct measure of the current and future development capacity of each parcel and its corresponding impact <br /> or draw on certain CBID funded activities (i.e. 100% of administration/contingency costs, and 100% of <br /> contingency /reserve costs). The targeted weight of this factor, land area, should generate approximately 20% of the total <br /> CBID revenue. <br /> Street frontage is a direct measure of the static utilization of each parcel and its corresponding impact or draw on certain <br /> CBID funded activities (i.e. 100% of sidewalk operations/beautification). The targeted weight of this factor, street <br /> frontage, should generate approximately 53% of the total CBID revenue. <br /> 21 <br />