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Exhibit "C" <br /> I . An assessment will be levied annually to pay for activities <br /> within the area. The City Council has appropriated $30,000 <br /> in the 1990-91 budget for use by the expanded District. <br /> A. How the Assessment Works <br /> 1. Each business owner will be assessed annually based <br /> on evaluation of four factors: <br /> a. Base assessment: $60.00 for all businesses. <br /> b. Closeness to the Broadway area with a maximum of <br /> $60.00 down to $48.00 depending upon closeness <br /> to the core area. <br /> c. Business index: a maximum of $60.00 which <br /> reflects benefits to retail and service <br /> businesses declining to $15.00. <br /> d. Number of employees: Based on a correlation <br /> between size of the business and number of <br /> employees as potential to benefit from the <br /> District with small businesses having up to <br /> five employees having no charge with larger <br /> businesses paying $10.00 for each full-time <br /> equivalent employees. <br /> (1) 11751 <br />