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8.A. - Page 72 THE DOWNTOWN REDWOOD CITY CBID — ENGINEER'S REPORT <br /> Zone 1 & 2 Residential Condominium Rate (Unit D) = $0.20 / sq ft bldg pad area <br /> The complete Yr 1 — 2014 -15 assessment roll of all parcels to be assessed by this CBID is included in this Plan as <br /> Appendix I. <br /> Special Assessment Circumstances (Future Development Scenarios) <br /> Residential Condominiums <br /> For residential condominium individual parcels, the interactive application of interior building square footage area of each <br /> condo is a proven method of fairly and equitably spreading special benefit costs to this unique beneficiary of CBID <br /> funded services, programs and improvements. These factors directly relate to the degree of special benefit each residential <br /> condo unit parcel will receive from CBID funded activities. <br /> Mixed -Use Developments (Rental) <br /> All commercial and residential components of mixed -use developments on commercial or mixed -use zoned parcels shall <br /> be assessed at the full rate for building area, total land area and total street frontage, based upon their location in each <br /> Benefit Zone. <br /> Ground Floor Commercial Condominiums <br /> All ground floor commercial condos (retail or office) shall be assessed based on actual land area covered, condo building <br /> pad area and direct street frontage for each unit. Because such uses are typically developed as part of a multi -floor mixed - <br /> use complex, special methodologies are needed to address the levy of assessments on such land uses as follows: <br /> Multi -Floor Commercial Only Condominiums <br /> - Building pad area assessed at respective building area rate <br /> - Land assessed at land area rate but pro -rated for each unit relative to total building area <br /> - Frontage assessed at frontage rate but pro -rated relative to total building area <br /> Multi -Floor Mixed -Use Condominiums <br /> - Commercial condo building pad area assessed at respective commercial building area rate <br /> - Residential condo units shall be assessed at the rate of 20 cents per square foot of building pad area <br /> - Land assessed at land area rate (assessed on 1st floor comm. condos for land area covered) <br /> - Frontage assessed at frontage rate (assessed on 1st floor comm. condos for actual street frontage) <br /> Step 5. Estimate Total District Costs <br /> The total projected 15 year District costs for operation years 2015 — 2029 of the CBID are shown below in Table 1 <br /> assuming a maximum 5% increase per year. <br /> 25 <br />