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<br />6 <br /> <br /> <br />Benefit Zones: <br />State law and the State constitution, Article XIIID require that special assessments be levied <br />according to the special benefit each individual parcel receives. There will be two benefit zones <br />in the proposed Downtown San Leandro CBD, and parcels identified in the CBD map in Benefit <br />Zone 1 will be charged a higher linear frontage rate due to the proportional benefit they will <br />receive. <br /> <br />Cost: <br />Annual assessments are based upon an allocation of program costs by assessable linear <br />frontage (by Benefit Zone), assessable on all sides of the parcels that receive benefit; PLUS lot <br />or parcel square footage; PLUS assessable building square footage, and in the case of <br />residential condos, by building square footage. The residential condo owners are assessed <br />differently since they are, in essence, acquiring air rights with the condos and linear frontage <br />and lot size is not relevant to their parcels. This alternate assessment methodology is created <br />to respond to their special needs of homeowners within this growing Downtown district. All <br />four property variables, including an individual parcel’s location within the designated areas for <br />Benefit Zone will be used in the calculation of the annual assessment. <br /> <br />The FY 2013-14 year annual assessments per property variable and Benefit Zone are as follows: <br /> <br />Linear Frontage costs: Benefit Zone 1 $4.115098 per linear foot/year <br /> Benefit Zone 2 $2.579620 per linear foot/year <br /> <br />Building Square Footage costs: $0.045985 per square foot/year <br /> <br />Lot Size costs: Benefit Zone 1 $0.0725835 per square foot/year <br /> Benefit Zone 2 $0.0478005 per square foot/year <br /> <br />Residential Condo costs: $0.20 per square foot of parcel unit square footage <br /> <br /> <br />Assessment District Revenue Generation from each property variable: <br /> <br />Linear Frontage (Both Zones): $ 117,088 <br />Building Square Footage: $ 50,000 <br />Lot Size: $ 193,224 <br />Residential Condos $ 24,368 <br />Total: $ 384,680 <br /> <br />Cap: <br />The CBD budget and assessments may be subject to changes in the Consumer Price Index (CPI) <br />for the San Francisco – Oakland – San Jose Consumer Price Index for all urban consumers from <br />February to February, with annual increases not to exceed 5% per year. Increases will be <br />determined by the Owners’ Association/District Management Corporation and will vary <br />between 0% and 5% annually. Changes in land use, development of empty parcels, conversion