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Residential condo individually assessed parcels are assessed as a separate category. These <br /> residential condo individually assessed parcels will be assessed for their building square footage <br /> only at the rate of $0.20 per square foot per year, commencing the first year of the new <br /> District. <br /> 4- Program Management And Corporate Operations: $ 60,750 16 <br /> Examples of these special benefit services and costs include, but are not limited to: <br /> • Staff and administrative costs <br /> • Directors and Officers Insurance <br /> • Office related expenses <br /> • Rent <br /> • Financial reporting and accounting <br /> • Legal work <br /> Benefit Zone 1 Benefit Zone 2 <br /> Staffing Yes Yes <br /> Office related expenses Yes Yes <br /> General Liability and Insurance Yes Yes <br /> Accounting Yes Yes <br /> Legal Yes Yes <br /> 5-Contingency/Reserve: $ 15,387.00 4% <br /> Examples of these special benefit services and costs include, but are not limited to: <br /> • Delinquencies <br /> • Reserves <br /> • City and county administration costs <br /> Delinquencies County costs <br /> Benefit Zone 1 Yes Yes <br /> Benefit Zone 2 Yes Yes <br /> Fifteen-Year Operating Budget: <br /> A projected fifteen-year operating budget for the Downtown San Leandro CBD is provided <br /> below. The projections are based upon the following assumptions: <br /> • Assessments will be subject to changes in the Alameda County Consumer Price Index <br /> (CPI), with annual increases not to exceed 3% per year. <br /> • Increases will be determined by the District Management Corporation and in no case <br /> shall annual increases exceed 3% per year. <br /> The budget for specific programs may be reallocated within the categories by up to 10% of each <br /> budget category. The Management Corporation Board may alter the budget based upon <br /> service needs and such changes shall be included in the Annual report and submitted to the <br /> 15 <br />