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Res14 15347
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Res14 15347
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Last modified
6/12/2014 1:03:51 PM
Creation date
6/12/2014 11:40:11 AM
Metadata
Fields
Template:
CC Index
CC Index - Document Type
Resolution
Meeting Type
Joint
Agency Type
City Council and Successor Agency
Date
6/9/2014
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_.._� i _ __ _. .� _ _�.� <br /> O6/09/2014 <br /> CONTINGENCY/CITY AND COUNTY FEES/RESERVE: $% <br /> ■ These are overhead expenses that account for collection costs and non-payment of <br /> assessments in the CBID Delinquencies <br /> ■ City and County collection fees <br /> ■ Reserves <br /> ■ Special projects <br /> Database/Propertv Variable District Totals: (Data verified as of May, 15t,2014) <br /> Condo SF: 5,957 square feet <br /> Building Square footage: 2,346,119 sq.feet <br /> Lot size square footage: 4,153,988 sq.feet <br /> Linear Frontage: 44,531 linear feet <br /> There are 222 parcels in the proposed CBID with 147 property owners. <br /> Benefit Zones: <br /> Article XIII (d) of the state constitution and the state law provide for the definition of zones <br /> within the proposed special benefits district that ensures that property owners that receive <br /> greater benefit, pay their proportional share of assessments. Proposition 218 states: <br /> "The proportionate special benefit deriued by each identified parcel shall be <br /> determined in relationship to the entirety of the capital cost of a public improvement, <br /> the maintenance and operation expenses of a public improvement, or the cost of the <br /> property related service being provided. No assessment shall be imposed on any <br /> parcel which exceeds the reasonable cost of the proportional special benefit conferred <br /> on that parcel." <br /> It was determined in formulating the services plan for this CBID that the properties in the <br /> general area described as Benefit Zone 1 below would derive greater benefit than those <br /> property owners on the periphery of the CBID. The parcels listed below are identified on the <br /> map in Section 2. The primary difference and additional special benefit service provided to <br /> Benefit Zone 1 property owners is through Zone 1 parking lot leasing and valet services. Zone 1 <br /> parcels will pay a supplement on their building square footage assessments to fund these <br /> services that they will be deriving benefit from. <br /> In addition, as in mentioned in the District Identity section of this CBID management plan, tax <br /> exempt owned parcels and their related buildings on those parcels, will NOT derive benefit <br /> from District Identity related special benefit services. Programs including web site <br /> development, app development, social media, business attraction services, decorations and <br /> other programs to visually enhance the CBID parcels, will not benefit these tax exempt parcel <br /> buildings due to the fact that these buildings are not affected by market forces such as <br /> increased rents, greater commerce or creating a more livable community for residents. This <br /> RESO.#15347 <br /> MUFF#506 <br />
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