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6.C. - Page 114 of 124 <br />Total Year 1— 2015- Special + General Benefit Revenue <br />Service <br />Assessment <br />Allocation <br />Non - <br />Assessment <br />Allocation <br />Total <br />Allocation <br />% of <br />Total <br />Sidewalk Operations <br />$ 423,000 <br />$ 13,082 <br />$ 436,082 <br />53% <br />District Identity <br />$ 160,000 <br />$4,949 <br />$164,949 <br />20% <br />Parking Management <br />$ 54,000 <br />$1,670 <br />$ 55,670 <br />7% <br />Administration <br />$ 120,000 <br />$3,711 <br />$ 123,711 <br />15% <br />Contingency/Reserves <br />$ 38,781 <br />$ 1,200 <br />$ 39,981 <br />5% <br />Total <br />$ 795, 781.00 <br />$24,612.00 <br />$ 820, 393.00 <br />100% <br />All program costs associated with general benefits will be derived from sources or credits other <br />than CBID assessments. Sample "other" revenue sources can be derived from special events, <br />grants, volunteer hours and must simply equal a total of $ 24,612 per year which would equal <br />the general benefit cost of 3% of the computed total CBID cost of $ 820,393.00 from Table 3 <br />above. <br />Time and Manner for Collecting Assessments: <br />As provided by the City Ordinance, the District assessments will appear as a separate line item <br />on annual property tax bills prepared by the County of San Mateo. <br />Cap. <br />The Downtown Redwood City CBID budget and assessments may be subject to increases which <br />may be determined by the Owners' Association/District Management Corporation and will vary <br />between 0% and 5% annually. The CBID District Management Corporation may request the <br />increase in assessments annually, not to exceed 5% from the previous year's assessment <br />amounts. <br />Changes in land use, development of empty parcels, conversion of tax exempt to profitable land <br />uses, demolition of existing buildings, and creation of new parcels through new building or <br />residential condo development may alter the budget from year to year based upon the changes <br />in the building square footage of an individual parcels. Since linear frontage and lot size <br />normally are not altered in the development of a site, the only changes realized in the CBID will <br />be through the building square footage. In addition, changes in the budget may occur due to <br />the conversion of single parcels to multiple parcels due to the construction of residential or <br />commercial condominiums. <br />31 <br />320 <br />