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__ _ i <br /> 06/09/2014 <br /> The proportionate special benefit cost for each parcel has been calculated based on optimum proportionate formula <br /> components and is listed as an attachment to this Report as Appendix 1. The individual percentages (i.e. proportionate <br /> relationship to the total special benefit related program and activity costs)are computed by dividing the individual parcel <br /> assessment by the total special benefit program costs. <br /> Findin�4. From Section 4(a): "No assessment shall be imposed on any parcel which exceeds the <br /> reasonable cost of the proportional special benefit conferred on that parcel." <br /> Not only are the proposed program costs reasonable due to the benefit of group purchasing and contracting which would <br /> be possible through the proposed Downtown Redwood City CBID, they are also considerably less than other options <br /> considered by the Downtown Redwood City CBID renewal proponent group. The actual assessment rate for each parcel <br /> within the CBID directly relate to the level of service and, in turn, special benefit to be provided based on the respective <br /> building area, land area, street frontage and location(zone) of each parcel. There are two benefit zones. It is noted that <br /> residential condominiums are assessed based on the individual parcel building square footage area of each unit,regardless <br /> of zone location.It is further noted that publicly owned and tax-exempt owned and occupied parcels will not be assessed <br /> for their respective building areas since this assessment factor funds the district identity program and Benefit Zone 1 <br /> parking services and these ownership and land use types will not specially benefit from these types of services and <br /> programs that are geared towards increasing sales, managing Benefit Zone lvehicular traffic demands and business - <br /> transactions..Any benefits from these specific programs for government and tax exempt owned and occupied parcels are <br /> considered general benefits to assessed parcels within the CBID and included in the related general benefit <br /> calculation in the Benefit Analysis section of this Report. <br /> FindinE 5. From Section 4(a): "Parcels........that are owned or used by any (public) agency shall <br /> not be exempt from assessment.........." <br /> Currently, there are 34 publicly owned parcels within the CBID. CBID funded services will be provided to publicly <br /> owned parcels to the same extent as privately owned parcels. It is clear, however, that publicly owned and occupied <br /> parcels as well as tax-exempt owned and occupied parcels will not benefit from District Identity services and Benefit <br /> Zone 1 parking programs because this program element is intended to improve commerce,sales and business transactions <br /> and Benefit Zone 1 vehicular traffic demands of"for-profiY'property types.Any benefits from these specific programs for <br /> government and tax-exempt owned and occupied parcels are considered general benefits to assessed parcels within the <br /> CBID and included in the related general benefit calculation in the Benefit Analysis section of this Report.Thus,publicly <br /> owned parcels as well as tax-exempt owned and occupied parcels will not be assessed for the building area portion of the <br /> assessment formula which generates 100% of the District Identity portion as well as the Benefit Zone 1 parking <br /> management services of the CBID budget. There is no compelling evidence that these publicly owned parcels would not <br /> specially beneftt equally to privately owned parcels for all other CBID funded activities and services and, thus, will be <br /> RESO.#15347 <br /> MUFF#506 <br />