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Total Lot Square Footage X $0.038170 per square foot <br />Total Building Square footage X $0.0074703 per square foot <br />Equals <br />TOTAL PARCEL ASSESSMENT <br />Residential Condo Assessment: <br />The annual assessment method for a residential condo, regardless of Benefit Zone is: <br />Total Residential Unit Building Square footage X $0.20 per Square Foot <br />Equals <br />TOTAL RESIDENTIAL CONDO UNIT ASSESSMENT <br />Parcel Assessment/Benefit Zone 1 - 2 (Public Benefit, Tax-exempt ownership) <br />Total Street Frontage X frontage costs <br />Total Lot Square Footage X lot size costs <br />No assessment for building square footage <br />Equals <br />Public and Tax exempt parcel assessments: <br />In addition, tax exempt, non-profit and other public or government owned properties are not <br />exempt from being assessed and if special benefit is determined to be conferred upon <br />government owned properties, then those properties must be assessed in proportion to the <br />special benefits conferred in a manner similar to privately owned property assessments. In this <br />plan, tax exempt parcels, that are operating enterprises which reflect their public benefit <br />purposes, will have their building square footage assessments exempted from their <br />assessments. The public -benefit, tax exempt owned parcels will pay into the CBID based upon <br />their linear frontage and parcel size, consistent with the rest of the CBID parcels. This is done <br />because it is the building assessment will pay for "District Identity" services and those services <br />function to increase rental values based upon generating demands for products, services or <br />28 <br />