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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
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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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_. .�. . �..�.<,.�; . _ _ <br /> 06/09/2014 <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 222 parcels in the proposed CBID with 147 property owners. <br /> Downtown Redwood City CBID Plan 2014 <br /> Generation of Revenues by Benefit Zone and Property Variables <br /> � � , � � ,.��. <br /> 1—Building $0.1094 $ 118,954.00 <br /> 1—Lot $0.038170 $ 58,304.00 <br /> 1—Linear $9.50 $ 159,961.00 <br /> Subtotal Zone 1 $337,219-4296 <br /> 2—Building $0.074703 $ 94,035.00 <br /> 2—Lot $0.038170 $ 100,254.00 <br /> 2—Linear $9.50 $ 263,082.00 <br /> Subtotal Zone2 $457,371—5896 <br /> Condo/Per Sq. Ft $ 0.20 $1,191.00—0% <br /> ,.. . ���� �... �. _ _,< . , <br /> ; <br /> . <br /> . <br /> � .w�,��<.�..,.�w . . �.,. . ro: <br /> RESO.#15347 <br /> MUFF#506 <br />
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