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<br />Step7. Calculate “Basic Unit Cost”
<br />WithaYear 1assessmentrevenueof$384680(specialbenefitonly),theBasicUnitCostsareshownaboveinStep4.
<br />SincetheCBDisbeingestablishedforafifteenyearterm,maximumassessmentsforfutureyears(Years2through
<br />15)mustbesetattheinceptionoftheCBD.Anannualflatinflationaryrateincreaseofupto5%maybeimposedfor
<br />Years2-15. Therefore the maximum annual rates may not increase more than 5% of the previous year’s rates. The
<br />maximumprojectedmaximumannualassessmentrevenueforYears1-15basedonamaximum5%annualincreaseis
<br />shownbelow:
<br />FiscalYear
<br />MaxAnnual
<br />Assessment
<br />FY1 $384,680.00
<br />FY2 $403,914.00
<br />FY3 $424,109.70
<br />FY4 $445,315.19
<br />FY5 $467,580.94
<br />FY6 $490,959.99
<br />FY7 $515,507.99
<br />FY8 $541,283.39
<br />FY9 $568,347.56
<br />FY10 $596,764.94
<br />FY11 $626,603.19
<br />FY12 $657,933.34
<br />FY13 $690,830.01
<br />FY14 $725,371.51
<br />FY15 $761,640.09
<br />TheprojectedprogramcostallocationsforYears1-15areasfollows:
<br />FY1 FY2 FY3 FY4 FY5 FY6 FY7
<br />SidewalkOperations,
<br />Beautification $234,175 $245,883 $258,177 $271,086 $284,641 $298,873 $313,816
<br />DistrictIdentity $50,000 $52,500 $55,125 $57,881 $60,775 $63,814 $67,004
<br />EnhancedResidential
<br />Improvements $24,368 $25,586 $26,865 $28,209 $29,619 $31,100 $32,655
<br />ProgramManagement $60,750 $63,787 $66,976 $70,325 $73,842 $77,534 $81,410
<br />Contingency $15,387 $16,156 $16,964 $17,812 $18,702 $19,638 $20,620
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