Agmt20 Redwood City Improvement Association-CBID Operating Agreement

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configurations which often involve multi -floor layouts and varied unit orientation. This assessment factor, assessed to the parcel building square footage area, directly relates to the degree of special benefit each residential condominium parcel will receive from targeted CBID funded activities for this land use. This factor, residential condominium building pad area, would generate approximately 0.001% of the total CBID revenue. This assessment methodology for residential condominium parcels is consistent with the building square footage costs of other CBID and community benefit districts in the state. Their parcel assessments are allocated in the same proportion percentage as the overall budget, however residential condominium units have a more unique relationship with the Downtown in that they are present 365 days per year, as compared to 5 to 6 days per week, they are present on holidays, they use the public rights of way for recreational and exercising, they enjoy the public spaces to a greater extent as their leisure areas, they have animals within Downtown and Downtown is their "home" as compared to a business or property that they frequent for commercial purposes. Distinctions between residential tenants and residential condominium owners as it pertains to the CBID assessment methodology and the special benefits they will receive are as follows: 1. Distinctions between residential condo owners and tenants are codified in the California Civil Codes, Davis Stirling Act. This piece of legislation creates an entire set of rules and regulations on how residential condo owners have obligations based upon their "separate interests". Renters have no such rights. 2. In the daily residential life of Downtown Redwood City residential condominium unit owners will have greater concern and are anticipated to be more forceful for ensuring quality of life issues such as noise levels, alcohol permits and placement of poor land uses, etc. 3. The state constitution requires that the CBID "confers special benefits to real property owners". Residential condo owners are "real property owners" and have the right to vote in a Proposition 218 assessment ballot proceeding which creates the proposed CBID. Residential tenants do not have the right to vote in the proceedings 4. Considering residential tenants and residential condominium unit owners under the same methodology will make some pay more for the same services based upon the density and number of units per complex on similar size parcels of land; 5. Residential owners have legal rights and entitlements to have pets, which impact their neighborhood- tenants have no such legal entitlements, 6. Residential tenants may be evicted due to a building sale or have their rents increased with no prior notice, residential condo owners do not face the same conditions or challenges. Calculation of Assessments: The proportionate special benefit derived by each identified parcel shall be determined in a relationship to the entirety of the improvement or the maintenance and operation expenses of an improvement or for the cost of property service being provided. Per California Constitutional 26