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i � LL O6/09/2014 Additionally,the Economic Development Sub-Committee of the City Council discussed this issue on the following dates: October 215; 2013, January 27u', 2014 February 25�;2014 April 17u',2014 Boundaries: (Please CB/D see map in Section 2J In general,the boundaries of the proposed Downtown Redwood City CBID are as follows: On the north, from the intersection of Maple and Veterans (south side) to the intersection of Brewster Street and Veterans(south side); On the south,from the intersection of Main and Pennsylvania (north side)to the intersection of EI Camino and Brewster Stree#(north side); On the east,from the intersection of Pennsylvania and Maple, (west side)to the intersection of Veterans and Maple, (west side); On the west,from the intersedion of EI Camino and Brewster (east side)to the intersection of Veterans and Brewster(east side). Please see Section 2 for a full map and full destription of the boundaries. Budaet: The total first year powntown Redwood City Community and Benefit Improvement District budget will be $ 795,781.00. Please see Section 3 for a breakdown of the categories of special benefit services and their allocation of services by Benefit Zone. Benefit Zone 1 parcels will generate 4396 of the overall annual first year budget, Benefit Zone 2 parcels will generate 57% of the annual first year budget. First Year powntown Redwood City Special Benefit Service Budget (Figures are rounded) PROGRAM OR ACTIVITY FUNDED BY THE APPROXIMATEaX OF FIRST DOWNTOWN REDWOOD CITY YEAR ANNUAL BUDGET ESTIMATED ANNUAL COSTS COMMUNITY BENEFIT(MPROVEMENT DISTRICT Sidewalk Operations and Beautification 53% $423,000.00 District Identity and Signage 20% $ 160,000.00 Parking Management 7% $54,000.00 Administration/Corporate Operations 15% $ 120,000.00 Contingency/City and County Fees/Reserves 590 $ 38,781.00 Torat 10046 $795,781.00 3 RESO.#15347 MUFF#506