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� . _ �_ __ ._ _. � . _ _ _ . � O6/09/2014 Total Year 1—2015-Special +General Benefit Revenue Non- Assessment Assessment Tota) 95 of Service Aliocation Allocation Allocation Total Sidewalk Operations $ 423,000 $ 13,082 $ 436,082 53%a District Identity $ 160,000 $4,949 $164,949 20% Parking Management $ 54,000 $1,670 $ 55,670 7% Administration $ 120,000 $3,711 $ 123,711 15% Contingency/Reserves $ 38,781 $ 1,200 $ 39,981 5% Taial $795,781.00 $24,612.00 $820,393.00 100% All program costs associated with general benefits will be derived from sources or credits other than CBID assessments. Sample "other" revenue sources can be derived from special events, grants, volunteer hours and must simply equal a total of$ 24,612 per year which would equal the general benefit cost of 3% of the computed total CBID cost of $ 820,393.00 from Table 3 above. Time and Manner for Collecting Assessments: As provided by the City Ordinance, the District assessments will appear as a separate line item on annual property tax bills prepared by the County of San Mateo. Cap: The Downtown Redwood City CBID budget and assessments may be subject to increases which may be determined by the Owners' Association/District Management Corporation and will vary between 0% and 5% annually. The CBID District Management Corporation may request the increase in assessments annually, not to exceed 5%a from the previous year's assessment amounts. Changes in land use, development of empty parcels, conversion of tax exempt to profitable land uses, demolition of existing buildings, and creation of new parcels through new building or residential condo development may alter the budget from year to year based upon the changes in the building square footage of an individual parcels. Since linear frontage and lot size normally are not altered in the development of a site, the only changes realized in the CBID will be through the building square footage. In addition, changes in the budget may occur due to the conversion of single parcels to multiple parcels due to the construction of residential or commercial condominiums. RESO.#15347 MUFF#506