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06/09/2014 TABLE 3 General+Special Benefit Revenue Sources Revenue Source Cost CBID Assessment Revenues Yr 1-2014-15) $795,781 Other revenues to fund general benefit costs(see list above) $24,612 TOTAL COST-GENERAL+SPECIAL BENEFITS $820,393 StCp�. Calculate"Basic Unit Cost" With a YR 1 -2014-15 budget of$795,781 (special benefit only),the Basic Unit Costs(rates) are shown above in Step 4 and delineated in Table 5 below. Since the CBID is being proposed for a 15 year term, maximum assessments for future years(2015-2028)must be set at the inception of the proposed CBID.An annual inflationary assessment rate increase of up to 5% may be imposed for future year assessments, on approval by the CBID Property Owner's Association. The maximum assessment rates for the 15 year proposed CBID term of 2014-2028 are shown below in Table 4.The assessment rates listed constitute the maximum assessment rates that may be imposed for all years of the proposed CBID(2014-2028) TABLE 4 15 YEAR MAXIMUM ASSESSMENT RATES(5%MAX INC PER YEARI Benefit Zone 1 Pro'ected Assessment FY 1 FY 2 FY 3 FY 4 FY 5 Street Fronta e( er LF $9.50 $9.98 $10.47 $11.00 $11.55 Buildin Area er SF $0.10940 $0.11487 $0.12061 $0.12664 $0.13298 Land Area er SF $0.03817 $0.04008 $0.04208 $0.04419 $0.04640 Res Condo Bld .Area er SF $0.20000 $0.21000 $0.22050 $0.23153 $0.24310 Pro'ected Assessment FY 6 FY 7 FY 8 FY9 FY 10 Street Front e( er LF $12.12 $12.73 $13.37 $14.04 $14.74 Buildin Area er SF $0.1396 $0.1466 $0.1539 $0.1616 $01697 Land Area er SF $0.0487 $0.0512 $0.0537 $0.0564 $0.0592 Res Condo Bld .Area( er SF) $0.2553 $0.2680 $0.2814 $0.2955 $03103 Pro'ected Assessment FY 11 FY 12 FY 13 FY 14 FY 15 Street Front e er LF $15.47 $16.25 $17.06 $17.91 $18.81 Buildin Area er SF $0.1782 $0.1871 $0.1965 $0.2063 $0.2166 Land Area er SF $0.0622 $0.0653 $0.0685 $0.0720 $0.0756 Res Condo Bld .Area( er SF $0.3258 $0.3421 $0.3592 $0.3771 $0.3960 RESO.#15347 MUFF#506