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<br />27 <br /> <br />disestablishment required by this section shall be given by mail to the property owner of each parcel or to the <br />owner of each business subject to assessment in the district, as appropriate. The city shall conduct the public <br />hearing not less than 30 days after mailing 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 /> <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 /> <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 /> <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 /> <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 /> <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.