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8.A. - Page 74 THE DOWNTOWN REDWOOD CITY CBID — ENGINEER'S REPORT <br /> Step 6. Separate General Benefits from Special Benefits and Related Costs (Prop 218) <br /> Total costs are estimated at $820,393 (see Table 3 below). General benefits are factored at 3% of total (see Finding 2 on <br /> page 6 of this report) with special benefits set at 97 %. Prop 218 limits the levy of property assessments to costs attributed <br /> to special benefits only. The 3% general benefit cost is computed to be $24,612 with a resultant 97% special benefit limit <br /> computed at $795,781. This is the maximum amount of revenue that can be derived from property assessments from the <br /> subject CBID. <br /> TABLE 2 <br /> Total Year 1— 2014 -15 - Special + General Benefit Revenue <br /> Assessment Non - Assessment Total <br /> Service Allocation Allocation Allocation % of Total <br /> Sidewalk Operations $ 423,000 $ 13,082 $ 436,082 53% <br /> District Identity $ 160,000 $4,949 $164,949 20% <br /> Parking Management $ 54,000 $1,670 $ 55,670 7% <br /> Administration $ 120,000 $3,711 $ 123,711 15% <br /> Contingency /Reserves $ 38,781 $ 1,200 $ 39,981 5% <br /> Total $ 795,781.00 $ 24,612.00 $ 820,393.00 100% <br /> All program costs associated with general benefits ($24,612) will be derived from monetary sources other than CBID <br /> assessments such as: <br /> • Special event revenue from Courthouse Square <br /> • Parking valet service revenue <br /> • Grants <br /> • Special event sponsorships and underwriting. <br /> 27 <br />