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14 <br />multi-floormixed-usecomplex,specialmethodologiesareneededtoaddressthelevyofassessmentsonsuchland <br />usesasdelineatedin3Aand3Bbelow. <br />3.Future Multi-floormixed-usecondominium useswillbeassessedinaccordancewiththefollowingassessment <br />methodology: <br />A.Multi–Floor CommercialOnlyCondominiums <br />-Buildingpadareaatrespectivebuildingarearate <br />-Landareaatlandarearatebutpro-ratedforeachunitbasedonratioofunitbuildingareatototalbuildingarea <br />-Streetfrontageatrespectivestreetfrontageratebutpro-ratedforeachunitbasedonratioofunitbuildingareato <br />totalbuildingarea <br />B.Mixed-UseCommercialCondosandResidentialCondominiums <br />-Commercialbuildingpadareaatrespectivecommercialbuildingarearateandatresidentialcondominiumbuilding <br />rateforresidentialcondominiumbuildingpadarea <br />-Landareaatlandarearate(assessedongroundfloorcommercialcondoparcelsforactuallandareacovered) <br />-Streetfrontageat respectivestreetfrontagerate(assessedongroundfloorcommercialcondoparcelsforactualstreet <br />frontage) <br />4.Other FutureDevelopment AsfuturenewdevelopmentoccurswithintheDistrict,currentpropertycharacteristics <br />andparcelconfigurationsmayalsochange.Thismayoccurduenewbuildingconstruction,demolitionand/or <br />expansionaswellasvariouslandrelatedmodificationssuchasnewsubdivisions,lotlineadjustments,reversionsto <br />acreageandparcelconsolidations.Inturn,individualparcelstreetfrontagemeasurements,parcelsizesandbuilding <br />areasmayalsochange.Anysuchmodificationswillresultinrecalculationofassessmentsfornewand/ormodified <br />buildingsand/orparcelsbasedontheassessmentrateinaffectwhensuch changesoccurinaccordancewithfuture <br />maximumratesandtheassessmentmethodologydelineatedinthisReport. <br />ItisnotedthatanychangeinassessmentformulamethodologyorratesotherthanasstipulatedinthisReportwould <br />requireanewProposition 218ballotprocedureinordertoapproveanysuchchanges. <br />Step5.EstimateTotalDistrictCosts <br />ThetotalprojectedDistrictrevenues/expendituresforYear1oftheCBDareasfollow: <br />$384,680=CBDassessmentfundedprograms