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<br />5 <br /> <br /> <br />This plan proposes percentages for groups of services with the intent that they will provide <br />individual parcels with an understanding of the portion of the budget allocated to fund those <br />services, while simultaneously giving the property owners and businesses an understanding of <br />the proportional benefit they will receive. Demands for prioritization of one special benefit <br />need over another within the same category will occur year by year. Security may be a priority <br />one year, however enhanced sidewalk sweeping and beautification may be a priority another <br />year. Both of these services fall within the same special benefit category. <br /> <br />Method of Financing: <br />The financing of the CBD is based upon the levy of special assessments upon real property that <br />receive special benefits from the improvements and activities. See Section 4 for assessment <br />methodology and compliance with Proposition 218. There will be four factors used in the <br />determination of proportional benefit to the parcels in the CBD. Those four factors are: <br /> <br /> Linear frontage, (broken down by Benefit Zones). Parcels will be charged different <br />frontage rates based upon the frequency of services that the Benefit Zone frontage will <br />receive from the Sidewalk Operations portion of the CBD budget; <br /> Lot size or the footprint of the parcel; <br /> Building square footage (excluding parking structures built within the building that <br />predominantly serve the tenants of the building and are not open to the public); and <br /> Residential condos that front along the public rights of way within the District. <br /> <br />The following data represents the foundation of the assessments that will generate the revenue <br />to fund the Downtown San Leandro CBD: (verified as of March 9, 2013); <br /> <br />Building Square Footage: 1,087,295 sq. feet <br /> <br />Gross Lot Size: 3,229,475 sq. feet <br /> <br />Gross Linear Frontage: 34,276 linear feet <br />(Benefit Zone 1 = 18,671 linear feet) <br /> (Benefit Zone 2 = 15,605 linear feet ) <br /> <br />Residential Condos: 121,844 assessable building square footage. <br />Currently there is only one residential condo development <br />within the Downtown San Leandro CBD boundaries total. <br />These and future units will be assessed at the rate of $0.20 per <br />square foot for their verifiable building square footage per <br />parcel. Commercial condos will be treated as commercial <br />buildings being assessed for their proportion of linear frontage, <br />lot size and building square footage. For a more detailed <br />explanation of residential assessments and services please see <br />Section 4, pages 22 and 23.