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ATTY/RESO.3095/CC RESO SEAPORT BLVD LANDSCAPE MAINTENANCE <br />REV: 05-29-15 VR <br />Page 3 of 4 <br />paid by annual benefit assessments apportioned among the several lots or parcels of <br />property within the District. <br />(b) The Formula for calculation of the maximum annual assessment against <br />each Assessed Parcel shall be: <br />c = {C – PRWC} x {(1/2 a/A)) + (1/4 f/F) + (1/4 d/D)} <br />where: <br />c individual parcel assessment. <br />C total District Operation and Maintenance budget for the fiscal year. <br />a individual parcel area. <br />A summation of all Maintenance District parcel areas. <br />f individual parcel frontage on the Southern Pacific Transportation <br /> Company right-of-way. <br />F summation of all Maintenance District parcel frontages on the Southern <br /> Pacific Transportation right-of-way. <br />d individual parcel distance from the most westerly side of the landscaping <br /> improvements along Seaport Boulevard to the centroid of the parcel under <br /> consideration, divided into the area of the parcel times 100. <br />D summation of all Maintenance District parcel distances measured from the <br /> most westerly side of the landscaping improvements along Seaport <br /> Boulevard to the centroid of each individual parcel times 100. <br />PRWC yearly Port of Redwood City contribution to the Maintenance <br />District. The maximum total annual assessment against the Assessed Parcels in any <br />year shall be $212,500. <br />7.2.F. - Page 6