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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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_ �.e �. <br /> 06/09/2014 <br /> Sidewalk Operations 100%of the linear frontage $423,000.00—53% <br /> and Beautification assessments in both benefit The Board decides how this <br /> zones amount will be allocated <br /> (Residential Condo assessments month by month, <br /> pay for services in the same prioritizing services based <br /> proportion as allocated in the upon the changing needs of <br /> budget) the growing CBID area <br /> District Identity 10096 of tfie building square $ 160,000—20% <br /> footage district wide* <br /> (Residential Condo assessments <br /> pay for services in the same <br /> proportion as allocated in the <br /> budget) <br /> P�rking�nagement *Paid for the difference in costs $54,000—796 <br /> for BenefitZone 1 building These special benefi# <br /> square footage and Bene�t services are generated from <br /> Zone 2 building square footage, the premium on building <br /> -approximately$40,000 per square footage annual costs <br /> year. Additionally,Benefit in Benefit Zone 1 and are <br /> Zone 1 and 2 linear frontage apportioned to provide <br /> assessments may also be used special services to Benefit <br /> for district wide parking Zone 1 parcels. District <br /> managemen#programs wide parking management <br /> programs may also be <br /> funded by linear frontage <br /> assessments from both <br /> benefit zones <br /> Program Lot Size assessments <br /> Management (Residential Condo assessments <br /> corporate operations pay for services in the same $ 120,000—15% <br /> proportion as allocated in the <br /> budget) <br /> Contingency Balance of lot size assessments <br /> (Residential Condo assessments <br /> pay for services in the same $38,781—5% <br /> proportion as allocated in the <br /> budget) <br /> Total for all $795,781.00 <br /> Special 8ene�t Services <br /> RESO.#15347 <br /> MUFF#506 <br />
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