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Agmt20 Redwood City Improvement Association-CBID Operating Agreement
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Agmt20 Redwood City Improvement Association-CBID Operating Agreement
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Last modified
12/19/2023 4:02:59 PM
Creation date
8/12/2020 12:38:10 PM
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Template:
Agreement
Contractor Name
Redwood City Improvement Association
PROJECT NAME
Management and Disbursement Agreement
RMP File Number
304
Date
7/28/2020
Reso Ref
Ordinance 2411
MO Ref
See Ord 2411
Amendment
Yes
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Maximum Assessment <br />Assessments may be increased by the District Management Corporation and shall not exceed <br />5% per year. The following projections illustrate a potential 5% maximum annual increase. <br />Maximum Assessments by Property Variable, Fifteen Year Period <br />Commencing FY 2015 by Benefit Zone <br />Benefit Zone 1 <br />Projected Assessment <br />FY 1 <br />FY 2 <br />FY 3 <br />FY 4 <br />FY 5 <br />Linear Frontage <br />$9.50 <br />$9.98 <br />$10.47 <br />$11.00 <br />$11.55 <br />Building Sq. Ft. <br />$0.10940 <br />$0.11487 <br />$0.12061 <br />$0.12664 <br />$0.13298 <br />Lot Square Footage <br />$0.03817 <br />$0.04008 <br />$0.04208 <br />$0.04419 <br />$0.04640 <br />Condo Bldg. Sq. Ft. <br />$0.20000 <br />$0.21000 <br />$0.22050 <br />$0.23153 <br />$0.24310 <br />Projected Assessment <br />FY 6 <br />FY 7 <br />FY 8 <br />FY9 <br />FY 10 <br />Linear Frontage <br />$12.12 <br />$12.73 <br />$13.37 <br />$14.04 <br />$14.74 <br />Building Sq. Ft. <br />$0.1396 <br />$0.1466 <br />$0.1539 <br />$0.1616 <br />$0.1697 <br />Lot Square Footage <br />$0.0487 <br />$0.0512 <br />$0.0537 <br />$0.0564 <br />$0.0592 <br />Condo Bldg. Sq. Ft. <br />$0.2553 <br />$0.2680 <br />$0.2814 <br />$0.2955 <br />$0.3103 <br />Projected Assessment <br />FY 11 <br />FY 12 <br />FY 13 <br />FY 14 <br />FY 15 <br />Linear Frontage <br />$15.47 <br />$16.25 <br />$17.06 <br />$17.91 <br />$18.81 <br />Building Sq. Ft. <br />$0.1782 <br />$0.1871 <br />$0.1965 <br />$0.2063 <br />$0.2166 <br />Lot Square Footage <br />$0.0622 <br />$0.0653 <br />$0.0685 <br />$0.0720 <br />$0.0756 <br />Condo Bldg. Sq. Ft. <br />$0.3258 <br />$0.3421 <br />$0.3592 <br />$0.3771 <br />$0.3960 <br />Benefit Zone 2 <br />Projected Assessment <br />FY 1 <br />FY 2 <br />FY 3 <br />FY 4 <br />FY 5 <br />Linear Frontage <br />$9.50 <br />$9.98 <br />$10.47 <br />$11.00 <br />$11.55 <br />Building Sq. Ft. <br />$0.07470 <br />$0.07844 <br />$0.08236 <br />$0.08648 <br />$0.09080 <br />Lot Square Footage <br />$0.03817 <br />$0.04008 <br />$0.04208 <br />$0.04419 <br />$0.04640 <br />Condo Bldg. Sq. Ft. <br />$0.20000 <br />$0.21000 <br />$0.22050 <br />$0.23153 <br />$0.24310 <br />Projected Assessment <br />FY 6 <br />FY 7 <br />FY 8 <br />FY9 <br />FY 10 <br />Linear Frontage <br />$11.55 <br />$12.12 <br />$12.73 <br />$13.37 <br />$14.04 <br />Building Sq. Ft. <br />$0.0908 <br />$0.0953 <br />$0.1001 <br />$0.1051 <br />$0.1104 <br />Lot Square Footage <br />$0.0464 <br />$0.0487 <br />$0.0512 <br />$0.0537 <br />$0.0564 <br />Condo Bldg. Sq. Ft. <br />$0.2431 <br />$0.2553 <br />$0.2680 <br />$0.2814 <br />$0.2955 <br />Projected Assessment <br />FY 11 <br />FY 12 <br />FY 13 <br />FY 14 <br />FY 15 <br />Linear Frontage <br />$14.04 <br />$14.74 <br />$15.47 <br />$16.25 <br />$17.06 <br />Building Sq. Ft. <br />$0.1104 <br />$0.1159 <br />$0.1217 <br />$0.1278 <br />$0.1342 <br />Lot Square Footage <br />$0.0564 <br />$0.0592 <br />$0.0622 <br />$0.0653 <br />$0.0685 <br />Condo Bldg. Sq. Ft. <br />$0.30 <br />$0.31 <br />$0.33 <br />$0.34 <br />$0.36 <br />32 <br />
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