Reso 2013-102 - Laserfiche WebLink

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Street frontage is a direct measure of the static utilization of each parcel and its corresponding impact or draw on CBD funded activities such as sidewalk operations and beautification. In the opinion of this Assessment Engineer, the targeted weight of this factor, street frontage, should generate approximately 30% of the total CBD revenues. (30.4375% when adjusted). The actual assessment revenue projection of this formula element is $117,087, all of which will be allocated to sidewalk operations. Building area rea (gross) for commercial uses is a direct measure of the static utilization of each parcel and its corresponding impact or draw on CBD funded activities such as district identity. In the opinion of this Assessment Engineer, the targeted weight of this factor, building area, should generate approximately 15% of the total CBD revenues (12.9978% when adjusted). The actual assessment revenue projection of this formula element is $50,000, all of which be allocated to district identity. Land area is a direct measure of the current and future development capacity of each parcel and, again, its corresponding impact or draw on CBD funded activities such as administration/operations. In the opinion of this Assessment Engineer, the targeted weight of this factor, land area, should generate approximately 50% of the total CBD revenue (50.23006% when adjusted). The actual assessment revenue projection of this formula element is $193,225, part of which will all be allocated each, to sidewalk operations, administration and contingency /reserve. For future residential condominium uses, the application of building pad area for each unit is a proven method of fairly and equitably spreading special benefit costs to these beneficiaries of CBD funded services, programs and improvements. The unit building pad area factors directly relates to the degree of benefit each residential condominium unit parcel will receive from CBD funded activities. In the opinion of this Assessment Engineer, the targeted weight of this factor, condominium building pad area, should generate 0% of the total Yr 1 CBD revenue. The actual assessment revenue projection for Yr 1 of this formula element is $0, all of which will all be allocated to enhanced residential improvements adjacent to residential condominium uses. It is the finding of this Engineer that there are no land uses or ownership types within the CBD, other than as described above, that will either not benefit or receive diminished benefit from CBD funded programs and services and thus all parcels will be assessed at the same rates and in the same manner based on location. For residential condominiums, the assessment rate relates to the building pad area of each unit. The "Basic Benefit Units" will be expressed as a combined function of Zone 1 street frontage (Benefit Unit "A -1 "), Zone 2 street frontage (Benefit Unit "A -2 "), Zone I and 2 commercial building square footage (Benefit Unit "B "), Zone 1 parcel size (Benefit Unit "C-P), Zone 2 parcel size (Benefit Unit "C -2 ") and for Zone 1 and 2 residential condominium building pad area (Benefit Unit "D "). Based on the shape of the Downtown San Leandro CBD, as well 11