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Benefit Zones: State law and the State constitution, Article XIIID require that special assessments be levied according to the special benefit each individual parcel receives. There will be two benefit zones in the proposed Downtown San Leandro CBD, and parcels identified in the CBD map in Benefit Zone 1 will be charged a higher linear frontage rate due to the proportional benefit they will receive. Cost: Annual assessments are based upon an allocation of program costs by assessable linear frontage (by Benefit Zone), assessable on all sides of the parcels that receive benefit; PLUS lot or parcel square footage; PLUS assessable building square footage, and in the case of residential condos, by building square footage. The residential condo owners are assessed differently since they are, in essence, acquiring air rights with the condos and linear frontage and lot size is not relevant to their parcels. This alternate assessment methodology is created to respond to their special needs of homeowners within this growing Downtown district. All four property variables, including an individual parcel's location within the designated areas for Benefit Zone will be used in the calculation of the annual assessment. The FY 2013-14 year annual assessments per property variable and Benefit Zone are as follows: Linear Frontage costs: Benefit Zone 1 $4.115098 per linear foot/year Benefit Zone 2 $2.579620 per linear foot/year Building Square Footage costs: $0.045985 per square foot/year Lot Size costs: Benefit Zone 1 $0.0725835 per square foot/year Benefit Zone 2 $0.0478005 per square foot/year Residential Condo costs: $0.20 per square foot of parcel unit square footage Assessment District Revenue Generation from each property variable: Linear Frontage (Both Zones): $ 117,088 Building Square Footage: $ 50,000 Lot Size: $ 193,224 Residential Condos 24,368 Total: $ 384,680 Cap: The CBD budget and assessments may be subject to changes in the Consumer Price Index (CPI) for the San Francisco — Oakland — San Jose Consumer Price Index for all urban consumers from February to February, with annual increases not to exceed 3% per year. Increases will be determined by the Owners' Association/District Management Corporation and will vary between 0% and 3% annually. Changes in land use, development of empty parcels, conversion of tax exempt to profitable land uses, demolition of existing buildings, and creation of new 6