Res95 12628 - Laserfiche WebLink

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Exhibit B Method of Assessment Spread Redwood Shores Landscape Maintenance District No. 199~-1 Section I - Definitions: "Annual Maintenance Cost" shah mean rite annual cost of maintaining areas of public improvements, including landscaping improvements and the annual cost of administering the District, including the cost of City staff or consultants to prepare annual budgets and assign annual levies to parcels subject to assessment, the cost of County tax collection services, the cost of preparing audited or unaudited financial reports, and any other cost incurred in connection with the annual administration of the District. "City" shall mean the City of Redwood City. "County" shall mean the County of San Mateo. "Commercial Parcel" shall mean any parcel zoned or otherwise approved by the City for corranerciai development. "District" shall mean the Redwood Shores Landscape Maintenance District No. 1995-1. "Fiscal Year" shall mean the tax year beginning July 1 and ending June 30. "Improvement Map" shall mean the map entitled "Redwood Shores Landscape Maintenance District No. 1995-1, Areas of Public Improvement Requiring Maintenance" marked as Exhibit A-3 and attached to Resolution No. , a resolution of intention to form the Redwood Shores Landscape Maintenance District No. 1995-1 and provide for the use of the alternative method for the levy of benefit assessments. "Lido Neighborhood Specific Plan" shall mean the specific plan adopted by the City by Resolution No. 12023 on July 27, 1993. "Maximum Unit Yield" shall mean, for parcels 1 through 7 as identified in Table 2 of the Lido Neighborhood Specific Pla~, the number of residential units assigr~ed to each such parcel in such table, and for any successor parcels or remainder lands resulting from the subdivision of any Parcel, the number of units that would by assigned by following the methodology described in Table 2 of the Lido Neighborhood Specific Plan. B-1