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Ord91 2036
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Ord91 2036
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Last modified
10/11/2019 3:05:42 PM
Creation date
10/11/2019 3:05:41 PM
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Template:
CC Index
CC Index - Document Type
Ordinance
Date
3/25/1991
Description
ORDINANCE OF THE COUNCIL OF THE CITY OF REDWOOD CITY ESTABLISHING A DOWNTOWN BUSINESS IMPROVEMENT AREA AND ITS BENEFIT ZONES IN A PORTION OF THE CITY OF REDWOOD CITY IN ACCORDANCE WITH SECTION 36500 ET SEQ. OF THE STREETS AND HIGHWAY CODE; DESCRIBING THE BOUNDARIES OF THE PROPOSED AREA; STATING THE USES TO WHICH THE REVENUES FROM THE ASSESSMENTS WILL BE PUT; DESCRIBING THE METHOD AND BASIS OF LEVYING THE ASSESSMENT; AND MAKING A DETERMINATION REGARDING PROTESTS
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<br /> -- <br /> EXHIBIT C <br /> II ASSESSMENT FORMULA <br /> (ANNUAL) <br />A. BASE ASSESSMENT................................................$ 60.00 <br /> For all businesses <br />B. CLOSENESS TO BROADWAY AREA <br /> Base Benefit Assessment........................................$ 60.00 <br /> Broadway Zone..........100% of the base benefit assessment <br /> Historic Zone.......... .85% II II II II II II <br /> Sequoia Zone............80% II II II II II II <br />C. BUSINE"SS INDEX <br /> Base Benefit Assessment........................................$ 60.00 <br /> Business Classification: <br /> Construction.............O <br /> Manufacturing........... .0 <br /> Transportation &.........100% of the base benefit assessment <br /> Public Utilities <br /> Wholesale Trade..........O <br /> Retail Trade.............100% II II II II II II II <br /> Finance, Insurance........50% II II II II II II II <br /> Real Estate Services <br /> Services: <br /> Persona 1 . . . . . . . . . . . . . . .50% II II II II II II II <br /> Business............. ..25% II II II II II II II <br /> Leg a 1 . . . . . . . . . . . . . . . . . .25% II II " II II II II <br /> Other. . . . . . . . . . . . . . . . . .25% II II II II II II II <br /> Public Admn...............O <br />D. NUMBER OF EMPLOYEES <br /> 1 to 5 full time equivalent employees....................$ 0 <br /> Over 5 full time equivalent employees....................$10.00 per <br /> employee. <br />E. MAXIMUM ASSESSMENT FOR ANY BUSINESS NOT TO EXCEED $1000.00 PER YEAR. <br />F. NOTE: THE ASSESSMENT FORMULA IS ESTIMATED TO RAISE $45,000.00 <br /> THE CITY WILL CONTRIBUTE AN ADDITIONAL $30,000.00. <br /> (2) <br />- <br />
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