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__ _ i 06/09/2014 The proportionate special benefit cost for each parcel has been calculated based on optimum proportionate formula components and is listed as an attachment to this Report as Appendix 1. The individual percentages (i.e. proportionate relationship to the total special benefit related program and activity costs)are computed by dividing the individual parcel assessment by the total special benefit program costs. Findin�4. From Section 4(a): "No assessment shall be imposed on any parcel which exceeds the reasonable cost of the proportional special benefit conferred on that parcel." Not only are the proposed program costs reasonable due to the benefit of group purchasing and contracting which would be possible through the proposed Downtown Redwood City CBID, they are also considerably less than other options considered by the Downtown Redwood City CBID renewal proponent group. The actual assessment rate for each parcel within the CBID directly relate to the level of service and, in turn, special benefit to be provided based on the respective building area, land area, street frontage and location(zone) of each parcel. There are two benefit zones. It is noted that residential condominiums are assessed based on the individual parcel building square footage area of each unit,regardless of zone location.It is further noted that publicly owned and tax-exempt owned and occupied parcels will not be assessed for their respective building areas since this assessment factor funds the district identity program and Benefit Zone 1 parking services and these ownership and land use types will not specially benefit from these types of services and programs that are geared towards increasing sales, managing Benefit Zone lvehicular traffic demands and business - transactions..Any benefits from these specific programs for government and tax exempt owned and occupied parcels are considered general benefits to assessed parcels within the CBID and included in the related general benefit calculation in the Benefit Analysis section of this Report. FindinE 5. From Section 4(a): "Parcels........that are owned or used by any (public) agency shall not be exempt from assessment.........." Currently, there are 34 publicly owned parcels within the CBID. CBID funded services will be provided to publicly owned parcels to the same extent as privately owned parcels. It is clear, however, that publicly owned and occupied parcels as well as tax-exempt owned and occupied parcels will not benefit from District Identity services and Benefit Zone 1 parking programs because this program element is intended to improve commerce,sales and business transactions and Benefit Zone 1 vehicular traffic demands of"for-profiY'property types.Any benefits from these specific programs for government and tax-exempt owned and occupied parcels are considered general benefits to assessed parcels within the CBID and included in the related general benefit calculation in the Benefit Analysis section of this Report.Thus,publicly owned parcels as well as tax-exempt owned and occupied parcels will not be assessed for the building area portion of the assessment formula which generates 100% of the District Identity portion as well as the Benefit Zone 1 parking management services of the CBID budget. There is no compelling evidence that these publicly owned parcels would not specially beneftt equally to privately owned parcels for all other CBID funded activities and services and, thus, will be RESO.#15347 MUFF#506