Agmt20 Redwood City Improvement Association-CBID Operating Agreement

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Section 3 Downtown Redwood City CBID Improvement and Activity Plan Explanation of Special Benefit Services: All of the improvements and activities detailed below are provided only to properties defined as being within the boundaries of the Downtown Redwood City CBID, as the improvements and activities will provide special benefit only to the owners of those individual parcels. No improvements or activities will be provided to properties outside the Downtown Redwood City CBID boundaries. All benefits derived from the assessments outlined in this Management District Plan fund services directly benefiting the property owners in this special benefit district. Subject to the City Council decision, the City will continue to provide services from the general fund to the benefitting parcels' which will include public safety, street tree trimming, street sweeping, trash collection of public refuse containers, street repair, emergency services, fire protection, etc. The frequency of these general benefits may change from year to year and time to time based upon budget constraints. The CBID funded special benefits cannot by law replace City funded general benefits, but rather will provide special benefits to parcel owners over and above the general benefits provided by the City of Redwood City. All services funded by the assessments outlined in the Management District Plan are intended to directly benefit properties within the CBID area. These CBID special benefit services shall support increased commerce, greater safety, support business attraction and retention, attract new residents, retain and increase commercial and residential property rentals, enhance cleanliness in the CBID, improve district identity, and eventually promote specialized beautification for the individual parcel owners within the entire District. The total improvement and activity plan budget for 2014-15, which is funded entirely by property assessments within the CBID boundaries, is projected to be $ 795,781.00. The costs of providing each of the budget components was developed from actual experience obtained in providing these same services in similar districts throughout the State of California. Improvements, Activities and Services of the Downtown Redwood City Property CBID Plan: There are five basic categories of special benefit services that will be funded by the Downtown Redwood City Community Benefit Improvement District. All of these services will confer a special benefit to the individual parcels within the Downtown Redwood City Community Benefit Improvement District. The categories of special benefits are as follows: 1. Sidewalk Operations and Beautification 2. District Identity 3. Parking management 4. Program Management and Corporate Operations 5. Contingency/Reserve 14