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_� __ . _� � . _ _ i __ <br /> O6/09/2014 <br /> Comaosite General BeneSt <br /> Based on the general benefit values delineated in the three sections above,the total value of general benefits conferred on <br /> assessed parcels within the district, the public at large and parcels outside the District equates to 2.85% or $23,346 <br /> ($3,979 + $5,605 + $13,762). For the purposes of this benefit analysis, the 2.85% general benefit value will be <br /> conservatively rounded up to 3%with a dollar value of$24,612. This leaves a value of 97% assigned to special benefit <br /> related costs.The general benefit value of$24,612 when added to the special benefit value of$795,781 (Year 1-2014-15 <br /> assessments) equates to a total Year 1 — 2014-15 program cost of$820,393. Remaining costs which are attributed to <br /> general benefits,will need to be derived from other sources which may include,but not be limited to: <br /> 1. Special event revenue from Courthouse Square <br /> 2. Parking valet service revenue <br /> 3. Farmer's market revenue <br /> 4. Grants <br /> 5. Special event sponsorships and underwriting. <br /> CBID Pro¢rams and Imqrovements <br /> All services funded by the assessments outlined in this Report are intended to directly benefit parcels within the CBID <br /> boundaries. These CBID special benefit services shall support increased commerce, greater safety, support business <br /> attraction and retention, attract new residents, retain and increase commercial and residential property rentals, enhance <br /> cleanliness in the CBID,improve district identity,and promote specialized beautification,provide valet and supplemental <br /> parking benefits for Zone 1 parcels of each individual assessed parcel within the CBID. <br /> The program activities and budget allocations that will be provided to each individual parcel assessed in the proposed <br /> Downtown Redwood City CBID are shown in the chart below: <br /> RESO.#15347 <br /> MUFF#506 <br />