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disestoblishment required by this section shall be given by moil to the property owner of each parcel or to the <br /> owner of each business subject to assessment in the district os appropriate. The city shall conduct the public <br /> hearing not less than 30 days after moiling the notice to the property or business owners. The public hearing <br /> shall be held not more than 60 days after the adoption of the resolution of intention." <br /> Upon the termination of the previous District, any remaining revenues shall be transferred to <br /> the renewed District, if one is established, pursuant to Streets and Highways Code Section <br /> 36660(b). Unexpended surplus funds will be returned to property owners based upon each <br /> parcels percentage contribution to the previous fiscal year's assessments if the District is not <br /> renewed. <br /> Government Assessments: <br /> The Downtown San Leandro CBD Management Plan assumes that the City of San Leandro, the <br /> Successor Agency and other government entities will pay assessments for the public property <br /> within the boundaries of the District. Article XIII D, Section 4 of the California Constitution was <br /> added in November of 1996 to provide for these payments. <br /> Parcels owned by the City of San Leandro, controlled by the Successor Agency, the State of <br /> California, the San Leandro City Unified School District, BART and the County of Alameda shall <br /> receive benefits, commensurate with the assessments paid into the Downtown San Leandro <br /> CBD. The publicly owned parcels are presumed to benefit equally to the privately owned <br /> parcels for the special benefits provided. <br /> Future Development: <br /> As a result of continued development, the District may experience the addition or subtraction <br /> of assessable commercial or residential building footage for parcels included and assessed <br /> within the District boundaries. The modification of parcel improvement assessed within the <br /> District may then change upwards or downwards the amount of total building square footage <br /> assessment for these parcels. <br /> In the future years, the assessments for the special benefits bestowed upon the included CBD <br /> parcels may change in accordance with the assessment methodology formula listed in the <br /> Management District Plan and Engineer's Report provided the assessment rate does not <br /> change. If the assessment formula changes, then a Proposition 218 ballot will be required to <br /> approve the formula changes. <br /> 27 <br />