Res14 15347 - Laserfiche WebLink

Browse Search

_ i osiosi2o,a variety of logistic and legal related issues. Those districts that use a variety of other mathematical factors to calculate general benefits based on the Assessment Engineer's experience range from 2-3%total relative general benefit value. Based on this experience curve and the focused nature of the CBID funded programs, a general benefit factor of 0.025 (2.5% or an average between the 2-3% empirical findings) of CBID funded special benefit program costs that might provide an immediate general benefit to the public at large will be applied to these applicable program costs in order to compute the dollar and percent value of general benefits to the public at large.The programs that may provide immediate general benefits to the public at large are Sidewalk Operations and Beautification.The dollar value of this general benefit type equates to 1.325% of the total Year 1 -2015 District special benefit program costs or $5,605 as delineated in the chart below. A B C D E %Allocation Dollar of Special General Benefit General Benefit General Benefit Pro ram Element Allocation Benefit Cost Factor Percent B x C Value Sidewalk O erations and Beautification $423,000 53% 0.025 1.325% $5,605 General Benefts—Outside Parcels While District programs and services will not be provided directly to parcels outside the District boundaries, it is reasonable to conclude that District services such as increased safety and cleanliness and image enhancement may confer an indirect general benefit on parcels immediately adjacent to the District boundaries. An inventory of the District boundaries finds that the District is surrounded by 77 parcels that can reasonably be assumed to receive some indirect general benefit as a result of CBID funded programs, services and improvements. Based on assessment engineering practice for other community benefit type districts in the State, a benefit factor of 1.0 will be attributed to the 222 assessed parcels within the District and a benefit factor of 0.05 will be attributed to general benefits conferred on the 77 parcels immediately adjacent to or across the street from assessed parcels within the Downtown Redwood City CBID.The dollar value of this general benefit type equates to 1.7%of the composite program costs or$13,762(1.7%x$809,543)as delineated in the chart below. Benefit Benefit Benefit Parcel T e uantit Factor Units Percent Benetit Value Assessed Within the District 222 1 222.00 98.3°/ $795,781 Outside the District 77 0.05 3.85 1.7% 13 762 TOTAL 225.85 100% $809,543 RESO.#15347 MUFF#506