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Res14 15347
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Res14 15347
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Last modified
10/11/2019 7:51:49 AM
Creation date
10/11/2019 7:51:36 AM
Metadata
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Template:
CC Index
CC Index - Document Type
Resolution
Meeting Type
Joint
Agency Type
City Council and Successor Agency
Date
6/9/2014
Description
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF REDWOOD CITY DECLARING ITS INTENTION TO FORM THE DOWNTOWN REDWOOD CITY COMMUNITY BENEFIT IMPROVEMENT DISTRICT PURSUANT TO THE REDWOOD CITY COMMUNITY BENEFIT IMPROVEMENT DISTRICT PROCEDURAL ORDINANCE AND SETTING A TIME AND PLACE FOR A PUBLIC HEARING IN CONNECTION THEREWITH
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_.._� i _ __ _. .� _ _�.� <br /> O6/09/2014 <br /> CONTINGENCY/CITY AND COUNTY FEES/RESERVE: $% <br /> ■ These are overhead expenses that account for collection costs and non-payment of <br /> assessments in the CBID Delinquencies <br /> ■ City and County collection fees <br /> ■ Reserves <br /> ■ Special projects <br /> Database/Propertv Variable District Totals: (Data verified as of May, 15t,2014) <br /> Condo SF: 5,957 square feet <br /> Building Square footage: 2,346,119 sq.feet <br /> Lot size square footage: 4,153,988 sq.feet <br /> Linear Frontage: 44,531 linear feet <br /> There are 222 parcels in the proposed CBID with 147 property owners. <br /> Benefit Zones: <br /> Article XIII (d) of the state constitution and the state law provide for the definition of zones <br /> within the proposed special benefits district that ensures that property owners that receive <br /> greater benefit, pay their proportional share of assessments. Proposition 218 states: <br /> "The proportionate special benefit deriued by each identified parcel shall be <br /> determined in relationship to the entirety of the capital cost of a public improvement, <br /> the maintenance and operation expenses of a public improvement, or the cost of the <br /> property related service being provided. No assessment shall be imposed on any <br /> parcel which exceeds the reasonable cost of the proportional special benefit conferred <br /> on that parcel." <br /> It was determined in formulating the services plan for this CBID that the properties in the <br /> general area described as Benefit Zone 1 below would derive greater benefit than those <br /> property owners on the periphery of the CBID. The parcels listed below are identified on the <br /> map in Section 2. The primary difference and additional special benefit service provided to <br /> Benefit Zone 1 property owners is through Zone 1 parking lot leasing and valet services. Zone 1 <br /> parcels will pay a supplement on their building square footage assessments to fund these <br /> services that they will be deriving benefit from. <br /> In addition, as in mentioned in the District Identity section of this CBID management plan, tax <br /> exempt owned parcels and their related buildings on those parcels, will NOT derive benefit <br /> from District Identity related special benefit services. Programs including web site <br /> development, app development, social media, business attraction services, decorations and <br /> other programs to visually enhance the CBID parcels, will not benefit these tax exempt parcel <br /> buildings due to the fact that these buildings are not affected by market forces such as <br /> increased rents, greater commerce or creating a more livable community for residents. This <br /> RESO.#15347 <br /> MUFF#506 <br />
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