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6.C. - Page 106 of 124 <br />Linear Frontage costs: <br />$ 9.50 per linear foot/year <br />Building Square Footage costs: <br />Benefit Zone 1 $ 0.1094 per square foot/year <br />$0.1094 <br />Benefit Zone 2 $ 0.074703 per square foot/year <br />Lot Size costs: <br />$ 0.038170 per square foot/year <br />Residential Condo costs: <br />$0.20 per square foot of parcel unit square foot. <br />$9.50 <br />Residential condo owners will NOT be assessed for <br />linear frontage or lot size, but rather only the <br />$ 337,219 - 42% <br />actual building square footage of their residential <br />$0.074703 <br />condo. (Regardless of benefit zone within the <br />2 — Lot <br />district) <br />There are 222 parcels in the proposed CBID with 147 property owners. <br />Downtown Redwood City CBID Plan 2014 <br />Generation of Revenues by Benefit Zone and Property Variables <br />Variable <br />Annual Costs <br />Generates <br />1— Building <br />$0.1094 <br />$ 118,954.00 <br />1— Lot <br />$0.038170 <br />$ 58,304.00 <br />1— Linear <br />$9.50 <br />$ 159,961.00 <br />Subtotal Zone 1 <br />$ 337,219 - 42% <br />2 — Building <br />$0.074703 <br />$ 94,035.00 <br />2 — Lot <br />$0.038170 <br />$ 100,254.00 <br />2 — Linear <br />$9.50 <br />$ 263,082.00 <br />Subtotal Zone2 <br />$ 457,371 — 58% <br />Condo/Per Sq. Ft <br />$ 0.20 <br />$1,191.00 — 0 % <br />Total Budget <br />$ 795,781.00 —100% <br />23 <br />312 <br />