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7.3.B. - Page 30 <br /> Linear Frontage costs: $ 9.50 per linear foot /year <br /> Building Square Footage costs: Benefit Zone 1 $ 0.1094 per square foot /year <br /> Benefit Zone 2 $ 0.074703 per square foot /year <br /> Lot Size costs: $ 0.038170 per square foot /year <br /> Residential Condo costs: $0.20 per square foot of parcel unit square foot. <br /> Residential condo owners will NOT be assessed for <br /> linear frontage or lot size, but rather only the <br /> actual building square footage of their residential <br /> condo. (Regardless of benefit zone within the <br /> district) <br /> There are 209 parcels in the proposed CBID with 141 property owners. <br /> Downtown Redwood City CBID Plan 2014 <br /> Generation of Revenues by Benefit Zone and Property Variables <br /> Variable Annual Costs Generates <br /> 1— Building $0.1094 $ 116,154.00 <br /> 1— Lot $0.038170 $ 58,290.00 <br /> 1— Linear $9.50 $ 159,961.00 <br /> Subtotal Zone 1 $ 334,405 - 42% <br /> 2 — Building $0.074703 $ 91,723.00 <br /> 2 — Lot $0.038170 $ 99,601.00 <br /> 2 — Linear $9.50 $ 261,618.00 <br /> Subtotal Zone2 $ 452,942 — 58% <br /> Total Budget $ 787,747.00 — 100% <br /> 22 <br />