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i 06/09/2014 Findin� 6. From Section 4(b): "All assessments must be supported by a detailed engineer's report prepared by a registered professional engineer certified by the State of California". This report serves as the "detailed engineer's report" to support the benefit property assessments proposed to be levied within the proposed Downtown Redwood City CBID. Findin� 7. From Section 4(c): "The amount of the proposed assessment for each parcel shall be calculated (along with)the total amount thereof chargeable to the entire district,the duration of such payments, the reason for such assessment and the basis upon which the amount of the proposed assessment was calculated." The individual and total parcel assessments attributable to special property benefits are shown on Appendix 1 to the Management District Plan and this Report. The proposed CBID and resultant assessment payments will continue for 15 more years and may be renewed again at that time. The reasons (purposes) for the proposed assessments are outlined in Finding 2 above as well as in the Management District Plan.The calculation basis of the proposed assessment is attributed to building area, land area, street frontage, residential condominium parcel square footage and location (zone) in the CBID. There are a two benefit zones. It is noted that residential condominiums are assessed based on the individual building square footage for their individual parcel of each unit,regardless of zone location. Assessment Formula Methodologv Sten 1• Select"Basic Benefit Unit(s)" The method used to determine special benefits derived by each identified property within a CBID begins with the selection of a suitable and tangible basic benefit unit. For property related services, such as those proposed in the Downtown Redwood City CBID,the benefit unit may be measured in linear feet of street frontage or parcel size in square feet or building size in square feet or number of building floors or any combination of these factors. Factor quantities for each parcel are then measured or otherwise ascertained.From these figures,the amount of benefit units to be assigned to each parcel can be calculated. Special circumstances such as unique geography, land uses, development constraints etc. are carefully reviewed relative to specific programs and improvements to be funded by the CBID in order to determine any levels of different benefit which may apply on a parcel-by-parcel or categorical basis. Based on the factors described above such as geography and nature of programs and activities proposed, an assessment formula is developed which is derived from a singular or composite basic benefit unit factar or factors. Within the assessment formula, different factors may be assigned different "weights" or percentage of values based on their RESO.#15347 MUFF#506