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_ i _ -�...�_w _ ��. .��...��.a � 06/09/2014 Amendment Article XIII D, Section 2(i), "Special Benefit", means a particular and distinct benefit over and above general benefits conferred on a real property located in the district or to the public at large. No assessment will be imposed on any parcel that exceeds the reasonable cost of the proportional special benefits conferred upon that parcel. Only special benefits are assessable and these benefits must be separated from any general benefits. Properties are assessed as defined on the San Mateo County Assessor's most current parcel maps. The preceding methodology is applied to the database of parcels within the CBID. The process for compiling the property database includes the following steps: • A report was submitted to the City Manager's office using the data obtained from the San Mateo County Tax Assessors office. • A list of properties to be included within the Downtown Redwood City CBID is provided in Section 7. • A property verification form was sent out to each and every property owner based upon the data collected by New City America. Property owners were asked to verify the data that had been collected on their parcel(s). The Calculation of Assessment for each parcel in the Downtown Redwood City CBID is as follows: Parcel Assessment—Benefit Zone 1 The annual assessment method for all parcels and ground floor commercial condominiums is: Total Street Frontage X$ 9.50 per linear foot + Total Lot Square Footage X$0.038170 per square foot + Total Building Square footage X$0.1094 per square foot Equals TOTAL PARCEL ASSESSMENT Parcel Assessment—Benefit Zone 2 The annual assessment method for all parcels and ground floor commercial condominiums is: Total Street Frontage X$ 9.500 per linear foot + RESO.#15347 MUFF#506