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9.B. - Page 23 <br /> How are the CBID assessments collected? <br /> As provided by local ordinance, the CBID assessments will appear as a separate line item on the <br /> annual property tax bills prepared by the County of Santa Mateo. Property tax bills are <br /> distributed in the Fall and payment is expected by lump sum or in two installments. The County <br /> of San Mateo shall distribute the assessments collected from the property owners, to the City <br /> of Redwood City who will in turn then forward them to the designated Management <br /> Corporation, pursuant to the authorization of the plan. Existing laws for enforcement and <br /> appeal of property taxes apply to the CBID assessments. <br /> Cost of Assessment? <br /> At this time it is not possible to provide specific information regarding the cost of the annual <br /> assessment. Assessments will be based on the services received and their frequency and we <br /> will take into consideration the linear frontage of your parcel, parcel size and use of your <br /> building to determine the costs. The information gathered from the survey will be used to <br /> develop an initial benefit service plan and cost estimates for those services that will be <br /> generated at that time. It is important to remember that this is a property owner driven <br /> initiative; in other words, you and the other Downtown property owners decide what services <br /> you value and if you are willing to pay for them. It is the Steering Committee's job to see if <br /> there is general agreement among property owners regarding the type of services they'd like to <br /> see provided. Please understand that the survey gauges interest and what services will be <br /> determined with further input <br /> Once established, must every parcel in the district pay? <br /> Unless specifically mentioned in the plan, every single parcel owner must pay into the district. <br /> This includes local, county, state and school district properties. In addition, parcels owned by <br /> tax - exempt designated organizations may be exempt from paying property taxes but will not <br /> necessarily be exempted from the assessment district. The only way to be exempted is to <br /> demonstrate by "clear and convincing evidence" that no benefit will be received from the <br /> special benefit services funded by the district. <br /> Who controls the funds once the CBID is established? <br /> A non - profit corporation is usually designated or established once the CBID has been created. <br /> The non - profit corporation Board majority is normally comprised of the property and business <br /> owners, and residents paying into the district. <br /> The non - profit CBID management corporation would then enter into a contract with the City to <br /> administer the district on behalf of the stakeholders. Bylaws are normally written to ensure <br /> that the property owners can be freely nominated and /or elected to the Board. By law, the <br /> assessments generated within the district must be allocated to fund special services within the <br /> district. The City cannot offload its current baseline level of services with the assessments since <br /> the district can only fund "special benefits ". <br /> 8 <br />