Laserfiche WebLink
.��n w� . . _ _. _. _ i . <br /> 06/09/2014 <br /> Sten 6• Separate General Benefits from Special Benefits and Related Costs(Prop 218) <br /> Total costs are estimated at$820,393 (see Table 3 below).General benefits are factored at 3%of total (see Finding 2 on <br /> page 6 of this report)with special benefits set at 97%.Prop 218 limits the levy of property assessments to costs attributed <br /> to special benefits only. The 3%general benefit cost is computed to be$24,612 with a resultant 97%special benefit limit <br /> computed at$795,781. This is the maximum amount of revenue that can be derived from propertv assessments from the <br /> subject CBID. <br /> TABLE 2 <br /> Total Year 1—2014-15-Sqecial+General Benefit Revenue <br /> Assessment Non-Assessment Total <br /> Service Allocation Allocation Allocation %of Total <br /> Sidewalk O erations $423,000 $ 13,082 $436,082 53% <br /> istrict Identity $ 160,000 $4,949 $164,949 20% <br /> arkin Mana ement $54,000 $1,670 $55,670 7% <br /> dministration $ 120,000 $3,711 $ 123,711 15% <br /> Contin enc /Reserves $38,781 $ 1,200 $39,981 5% <br /> Total $795,781.00 $24,612.00 $820,393.00 100% <br /> All program costs associated with general benefits ($24,612) will be derived from monetary sources other than CBID <br /> assessments such as: <br /> • Special event revenue from Courthouse Square <br /> • Parking valet service revenue <br /> • Grants <br /> • Special event sponsorships and underwriting. <br /> RESO.#15347 <br /> MUFF#506 <br />