Agmt20 Redwood City Improvement Association-CBID Operating Agreement

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Linear Frontage Defined: Individual parcels will be assessed for all sides of the parcel since they are receiving services on all sides. Linear front footage data was obtained from the County Assessor's parcel maps and reviewed by staff at New City America, and finally verified by the City of Redwood City. Building Square Footage Defined: Building square footage is defined as gross building square footage throughout the CBID. The percentage of building square footage that is dedicated to private or internal tenant parking needs may be deducted from the gross building square footage. Only parking structures that are open to the public and charge fees to the general public on a regular basis will have their building square footage assessed as any other commercial building. Apartment buildings within the boundaries of the CBID, regardless of Benefit Zone, will be assessed as commercial buildings since there is a landlord/tenant relationship. Building square footage data was obtained from the County Assessor's property records and reviewed by staff at New City America, Inc. Lot Square Footage Defined: Lot square footage is defined as the total amount of area within the borders of the parcel. The lot square footage of a parcel is defined on the County Assessor's parcel maps and was confirmed by New City America staff and City of Redwood City. Commercial Condominium Parcels Defined: Ground floor commercial condominiums will be treated like independent "mini" commercial buildings and assessed based on their actual building area, the footprint of land they cover, and the amount of direct street frontage towards the exterior of the building. Ground floor commercial condominiums will pay 100% of the special benefits for the assessment, based upon which benefit zone they are within. Residential Condo/Single residential unit parcels Condo residential unit parcels built on commercially zoned parcels are assessed as a separate category. These condo residential units are not built on residentially zoned land, but rather on commercially zoned parcels within the boundaries of the Downtown Redwood City CBID. These condo residential unit parcels will be assessed for their building square footage only at the rate of $0.20 per square foot in the first year in which they have been given a parcel number. The residential condos will have their assessments allocated in the same percentages of special benefit categories as the rest of the district. The residents will benefit from cleaning, sidewalk operation services, district identity services, beautification, public space development and management and the other services in the same proportion as non-residential parcels throughout the two benefit zones of the district. For residential condominium uses, the application of unit building pad area (interior unit parcel building square area measurement) is a proven method of fairly and equitably spreading special benefit costs to these unique property ownerships and land uses. Land area and street frontage are not appropriate assessment factors to use for residential condominiums due to their design 25