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15 <br />$2,000=pro-ratedinitialformationcostcredits ($30,000/15yrs) <br />$1,000=pro-ratedinitialvolunteercostcredits(50%offormationcosts) <br />$12,150 =annualBoard/Committeevolunteercostcredits(20%ofadminbudget) <br />$399,830 =TotalYear1CBDcosts/credits <br />TheYear1projectedassessmentrevenuebudgetallocationisasfollows: <br />Programor <br />Service <br />PercentofBudget Estimated Program Cost Allocation <br />SidewalkOperations, <br />BeautificationandOrder <br />61%$234,175 <br />BenefitZone1=$153,666 <br />BenefitZone2=$80,511 <br />DistrictIdentityandStreetscape <br />Improvements 13%$50,000 <br />EnhancedResidential <br />Improvements 6%$24,368 <br />ProgramManagement,Corporate <br />Operations 16%$60,750 <br />Contingency 4%$15,387 <br />TotalFirstYearBudget 100%$384,680 <br />Step6.SeparateGeneralBenefitsfromSpecialBenefitsandRelatedCosts(Prop218) <br />AllbenefitsderivedfromtheassessmentsoutlinedintheManagementDistrictPlanareforsupplementalservices, <br />programsandimprovementsdirectlybenefitingthepropertieswithinthisarea.AllCBD fundedactivities are <br />providedsolelytopropertieswithinthe DowntownSanLeandroCBD.Allserviceswillbedeliveredonlywithinthe <br />boundariesanddesignedonlyforthedirectspecialbenefitoftheassessedpropertiesintheCBD.Noserviceswillbe <br />providedtonon-assessedparcelsoutsidetheCBDboundaries. <br />Totalprogramandactivity costsareestimatedat$399,830.Generalbenefitsarefactoredat3%oftotal(seeFinding2 <br />inthisreport)withspecialbenefitssetat97%.Proposition218limitsthelevyofpropertyassessmentstocosts <br />attributed tospecialbenefitsonly.The3%generalbenefitcostiscomputedtobe$15,150 witharesultant97% <br />specialbenefitlimitcomputedat$387,835.Thisisthemaximumamountofrevenuethatcanbederivedfrom <br />propertyassessmentsfromthesubjectdistrict inthefirstyear.Thismaximummayincreaseonanannualbasisin <br />subsequentyears(years2through15)toadjustforinflationby5%asdescribedintheManagementDistrictPlan. <br />Thetotalamountofrevenueproposedtobederivedfromdistrictassessmentsis$384,680 forYear1,whichdoesnot <br />exceedthespecialbenefitlimitof$387,835.Therefore,noProposition218adjustmentsneedtobemadetothe <br />proposed assessmentformula.Remainingcostswhichareattributedtogeneralbenefitswillneedtobefundedfrom <br />othersources.(e.g.public/privatematchinggrants,startupgrants,in-kindservicecontributionsfordistrictformation, <br />startupvolunteercreditsorongoingboardmembervolunteercredits).