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12 <br />asthenatureoftheDistrictprogramelements,itisdeterminedthatallpropertieswillgainadirectandproportionate <br />degreeofspecialbenefitbasedontherespectiveamountofstreetfrontage,buildingareaandlandareawithintwo <br />benefitzones.Forresidentialcondominiums,theassessmentraterelatestothe buildingpadareaofeach unitandis <br />thesameforboth zones. <br />Step2.QuantifyTotalBasicBenefitUnits <br />Takingintoaccountallidentifiedbenefitingpropertiesandtheirrespectiveassessablebenefitunits,thereare 18,671 <br />BenefitUnitsA-1,15,605 BenefitUnitsA-2,1,087,295 BenefitUnitsB,1,567,763 BenefitUnitsC-1,1,661,712 <br />BenefitUnitsC-2 and121,844BenefitUnitsD. <br />Step3.CalculateBenefitUnitsforEachProperty. <br />ThenumberofBenefitUnitsforeachidentifiedbenefitingparcelwithintheDowntownSanLeandroCBDwas <br />computedfromdataextractedfromCityandCountyAssessorrecordsandmaps.Thesedatasourcesdelineatecurrent <br />landuses,propertyareasanddimensionsofrecordforeachtaxparcel.Whileitisunderstoodthatthis datadoesnot <br />representlegalfieldsurveymeasurementsordetailedtitlesearchofrecordedlandsubdivisionmapsorbuilding <br />records,itdoesprovideanacceptablebasisforthepurposeofcalculatingpropertybasedassessments.Allrespective <br />property databeingusedforassessmentcomputationswillbeprovidedtoeachpropertyownerintheCBDfortheir <br />review.Allknownorreporteddiscrepancies,errorsormisinformationwillbecorrected. <br />Step4.DetermineAssessmentFormula <br />Basedonthenatureof theprogramstobefundedaswellasotherrationaleoutlinedinStep1above,ithasbeen <br />determinedthattheDowntownSanLeandroCBDassessments willbebasedontheamountof streetfrontage,gross <br />buildingareaandlandareaofeachparcelwithintwobenefitzones.Assessmentsforresidentialcondominiumswill <br />be basedonthebuildingpadareaofeachunit. <br />Theassessmentformula factors describedaboveare set to uniquely fund eachCBDprogramelement asfollows: <br />-SidewalkOperationsarefunded50%bystreetfrontage revenues and50%bylandarea revenues <br />-DistrictIdentity isfunded100%bybuildingarea revenues <br />-EnhancedResidentialImprovements arefunded100%byresidentialcondo buildingpadarea revenues <br />-Administrationisfunded100%bylandarea revenues <br />-Contingency/Reserveisfunded100%bylandarearevenue <br />AssessmentFormulaUnitCostCalculations: <br />Zone1 StreetFrontageRate <br />Street Frontage Rate (Benefit Unit “A-1”) = 50%x$153,666/18,671 =$4.115098/LF