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__ _ i O6/09/2014 PROGRAM OR ACTIVITY FUNDED BY THE APPROXIMATE%OF ESTIMATED ANNUAL DOWNTOWN REDWOOD CITY FIRST YEAR ANNUAL COSTS COMMUNITY BENEFTT IMPROVEMENT DISTRICT BUDGET Sidewalk Operations and Beautification 53% $423,000.00 District Identity and Signage 20% $ 160,000.00 Parking Management 7% $54,000.00 Administration/Corporate Operations 15% $ 120,000.00 Contingency/City and County Fees/Reserves 5% $38,781.00 TOTAL 100% $ 795,781.00 Parcels that receive these programs,services and improvements attract more customers,employees,tenants and investors as a result of these activities, programs, services and improvements, thereby increasing business volumes, sales transactions, occupancies, rental income and return on investments. These special benefits are particular and distinct in that they are not provided to non-assessed parcels outside of the District. Because these programs, services and improvements will only be provided to each individual assessed parcel within the CBID boundaries, these programs, services and improvements will constitute "special benefits".Existing City of Redwood City general benefit services will be supplemented, and not replaced or duplicated, by CBID services. In the case of the Downtown Redwood City CBID, the very nature of the purpose of this CBID is to fund supplemental programs, improvements and services within the CBID boundaries above and beyond what is being currently funded either via normal tax supported methods or other funding sources. These special benefit services, programs and improvements, are designed to enhance the pedestrian, retail, commercial core and new residential uses, increase commercial and residential tenancies and marketing of the mix of retail, service, office, government, residential and parking properties in the CBID and improve the aesthetic appearance of each identified parcel. All special benefits funded from the assessments to be levied on parcels within the CBID are for services, programs and improvements directly benefiting each individual parcel within this area and support increased cleanliness,commerce,business attraction and retention,increased commercial property and residential rental income and improved District identity.No CBID funded services,activities or programs will be provided to any parcels outside of the CBID boundaries. While every attempt is made to provide CBID services and programs to confer benefits only to those identified assessed parcels within the CBID, the California State Constitution was amended via Proposition 218 to stipulate that general benefits exist,either by design or unintentional, in all assessment districts and that a portion of the program costs must be considered attributable to general benefits and assigned a value. General benefits cannot be funded by assessment revenues. General benefits might be conferred on assessed parcels within the District, or "spillover" onto parcels RESO.#15347 MUFF#506