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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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� . i . � . _ __ � LL�_ <br /> 06/09/2014 <br /> Maximum Assessment <br /> Assessments may be increased by the District Management Corporation and shall not exceed <br /> 5%per year. The following projections illustrate a potential 5%a maximum annual increase. <br /> Maximum Assessments by Property Variable, Fifteen Year Period <br /> Commencing FY 2015 by Benefit Zone <br /> Benefit Zone i <br /> Projected Assessment FY 1 FY 2 FY 3 FY 4 FY 5 <br /> Linear Frontage $9.50 $9.98 $10.47 $11.00 $11.55 <br /> euilding Sq.Ft. $0.10940 $0.11487 $0.12061 $0.12664 $0.13298 <br /> Lot Square Footage $0.03817 $0.04008 $0.04208 $0.04419 $0.04640 <br /> Condo Bldg.Sq.Ft. $0.20000 $0.21000 $0.22050 $0.23153 $0.24310 <br /> ProJected AssessmeM PY 6 FY 7 FY 8 Fll9 FY 10 <br /> Linear Frontage $12.12 $12.73 $13.37 $14.04 $14.74 <br /> Building Sq.Ft. $0.1396 $0.1466 $0.1539 $0.1616 $0.1697 <br /> Lot Square Footage $0.0487 $0.0512 $0.0537 $0.0564 $0.0592 <br /> Condo Bldg.Sq.Ft. $0.2553 $0.2680 $0.2814 $0.2955 $0.3103 <br /> Projected Assessment FY 11 FY 12 FY 13 FY 14 FY 15 <br /> Linear Frontage $15.47 $16.25 $17.06 $17.91 $18.81 <br /> Building Sq.Ft. $0.1782 $0.1871 $0.1965 $0.2063 $0.2166 <br /> Lot Square Footage $0.0622 $0.0653 $0.0685 $0.0720 $0.0756 <br /> Condo Bldg.Sq.Ft. $0.3258 $0.3421 $0.3592 $0.3771 $0.3960 <br /> Benefit Zone 2 <br /> Projected Assessment FY 1 FY 2 FY 3 FY 4 FY 5 <br /> Linear Frontage $9.50 $9.98 $10.47 $11.00 $11.55 <br /> Building Sq.Ft. $0.07470 $0.07844 $0.08236 $0.08648 $0.09080 <br /> Lot Square Footage $0.03817 $0.04008 $0.04208 $0.04419 $0.04640 <br /> Condo Bldg.Sq.Ft. $0.20000 $0.21000 $0.22050 $0.23153 $0.24310 <br /> Projeded Assessment FlI 6 FY 7 FY 8 FY9 FY 30 <br /> Linear Frontage $11.55 $12.12 $12.73 $13.37 $14.04 <br /> Building Sq.Ft. $0.0908 $0.0953 $0.1001 $0.1051 $0.1104 <br /> Lot Square Footage $0.0464 $0.0487 $0.0512 $0.0537 $0.0564 <br /> Condo Bldg.Sq.Ft. $0.2431 $0.2553 $0.2680 $0.2814 $0.2955 <br /> Projected Assessment FY 11 FY 12 FY 13 FY 14 FY 15 <br /> Linear Frontage $14.04 $14.74 $15.47 $16.25 $17.06 <br /> Building Sq.Ft. $0.1104 $0.1159 $0.1217 $0.1278 $0.1342 <br /> Lot Square Footage $0.0564 $0.0592 $0.0622 $0.0653 $0.0685 <br /> Condo Bldg.Sq.Ft. $0.30 $0.31 $0.33 $0.34 $0.36 <br /> RESO.#15347 <br /> MUFF#506 <br />
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