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w � � i a� ., _ � _ 06/09/2014 privately owned property assessments. From this, the value of a basic benefit unit or "basic net unit cost" can be computed by dividing the total amount of estimated net program costs by the total number of benefit units. The amount of assessment for each parcel can be computed at this time by multiplying the Net Unit Cost times the number of Basic Benefit Units per parcel.This is known as "spreading the assessmenY' or the "assessment spread"in that all special benefit costs are allocated proportionally or "spread"based on special benefits conferred on benefitting properties within the CBID. The method and basis of spreading program costs varies from one CBID to another based on local geographic conditions, types of programs and activities proposed, and size and development complexity of the District. CBIDs may require secondary benefit zones to be identified to allow for a tiered assessment formula for variable or"stepped-down"benefits derived. Sunalemental Proposition 218 Procedures and Reauirements Proposition 218,approved by the voters of California in November of 1996,adds a supplemental array of procedures and requirements to be carried out prior to levying a property-based assessment like the Downtown Redwood City CBID. These requirements are in addition to requirements imposed by State and local assessment enabling laws. These requirements were"chaptered"into law as Article XIIID of the California Constitution. Since Prop 218 provisions will affect all subsequent calculations to be made in the final assessment formula for the Downtown Redwood City CBID,Prop 218 requirements will be taken into account.The key provisions of Prop 218 along with a description of how the Downtown Redwood City CBID complies with each of these provisions are delineated below. (Note:All section references below pertain to Article XIII of the California Constitution): Findin� 1. From Section 4(a): "Identify all parcels which will have a special benefit conferred upon them and upon which an assessment will be imposed" There are 222 parcels within the proposed Downtown Redwood City CBID "identified" as assessable parcels that will derive special benefit from the proposed District programs and activities. The benefits are special and unique only to the identified parcels within the District because programs and services (i.e. sidewalk operations/beautification; district identity; parking management; administration; and, contingency/reserve) will only be provided directly for the special benefit of the identified parcels. These identified benefiting parcels are located within the CBID perimeter boundary which is shown on the Boundary Map attached as Appendix 2 to this Report and are listed in Appendix 1 to this Report- RESO.#15347 MUFF#506