AgdaPkt 2010-05-24 special, clsd and jnt

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6.3D Page 14 EXHIBIT C CITY OF REDWOOD CITY SEAPORT BOULEVARD LANDSCAPE MAINTENANCE DISTRICT NOTICE OF PROPOSED ASSESSMENT replacements, additions, and betterments to the above enumerated facilities; and 9) all necessary incidental expenses pursuant to Section 22526 of the Streets and Highways Code of the State of California. Maximum Assessment: The maximum maintenance budget for the District to be spread among assessment parcels within the District is $212,500 in each f scal year of the 5-year budget. The entire budget will be spread among the assessment parcels in the District based on the special benefit conferred upon each assessment parcel by the Facilities. The annual budget will be allocated among assessment parcels in the District as described below under the heading "Basis for Calculating Assessments" and as more fully described the method of spread in the Engineer's Report prepared in connection with these proceedings. The maximum annual assessment for your parcels is $67,034.46. The maximum cumulative assessment on your parcels over the S- year period is $335,172.30. Duration of Assessment: An assessment will be levied annually for a period of five years on all parcels in the District to pay for annual maintenance expenses of the Facilities specifically benefiting parcels in the District. After the fiscal year ending June 30, 2015 any continuation of the assessment will be duly noticed and will be subject to a majority protest election as required by Proposition 218. Basis for Calculating Assessments: Each year the City will determine how much it will cost to maintain Facilities in the District. The total budget that may be allocated among parcels in the District is limited to the maximum as described above under the heading "Maximum Assessment." Annual landscape maintenance costs are spread among all assessable parcels within the District on the basis of special benefit conferred upon each parcel, which special benefit is calculated based on the sum of the following: (a) one-half of the xatio of the acreage that each assessment parcel bears to the total acreage of all assessment parcels plus (b) one- quarter of the ratio of the frontage on the Union Pacific Railway Company right-of--way that each assessment parcel bears to the summation of all assessment parcel frontages on the Union Pacific Railway Company right-of--way plus (c) one-quarter of the ratio of the distance (times 100) from the most westerly side of the landscaping improvements along Seaport Boulevard to the centroid of each assessment parcel that each assessment parcel bears to the summation of all such assessment parcel distances (times 100). Procedures for Completing the Ballot: Accompanying this notice is a ballot, along with a self addressed, postage paid return envelope. The ballot may be completed by the property owner(s) or their authorized representative and returned to the City to indicate the property owner's support or opposition to the proposed assessment. For your ballot to be counted, you must clearly mark the appropriate box, sign the ballot and return it sealed in the enclosed envelope by the conclusion of the City Council public hearing on July 12, 2010. Ballots may be returned either by mail, or delivered to the City Clerk at 1017 Middlefield Road or to the City Clerk prior to the conclusion of the public hearing. 2