Agmt20 Redwood City Improvement Association-CBID Operating Agreement

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Program Funded by Property Variable Estimated Amount First Year - % Sidewalk Operations 100% of the linear frontage and Beautification assessments in both benefit District Identity Parking Management Program Management corporate operations Contingency zones (Residential Condo assessments pay for services in the some proportion as allocated in the budget) 100% of the building square footage district wide* (Residential Condo assessments pay for services in the some proportion as allocated in the budget) *Paid for the difference in costs for Benefit Zone 1 building square footage and Benefit Zone 2 building square footage, - approximately $40,000 per year. Additionally, Benefit Zone 1 and 2 linear frontage assessments may also be used for district wide parking management programs Lot Size assessments (Residential Condo assessments pay for services in the some proportion as allocated in the budget) Balance of Lot size assessments (Residential Condo assessments pay for services in the some proportion as allocated in the budget) $ 423,000.00 — 53% The Board decides how this amount will be allocated month by month, prioritizing services based upon the changing needs of the arowinR CBID area $ 160,000 — 20% $54,000-7% These special benefit services are generated from the premium on building square footage annual costs in Benefit Zone 1 and are apportioned to provide special services to Benefit Zone 1 parcels. District wide parking management programs may also be funded by linear frontage assessments from both benefit zones $ 120,000 —15% $38,781-5% Total for all Special Benefit Services $ 795,781.00 24