Reso 2013-102 - Laserfiche WebLink

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as the nature of the District program elements, it is determined that all properties will gain a direct and proportionate degree of special benefit based on the respective amount of street frontage, building area and land area within two benefit zones. For residential condominiums, the assessment rate relates to the building pad area of each unit and is the same for both zones. Step 2. Quantify Total Basic Benefit Units Taking into account all identified benefiting properties and their respective assessable benefit units, there are 18,671 Benefit Units A -1, 15,605 Benefit Units A -2, 1,087,295 Benefit Units B, 1,567,763 Benefit Units C -1, 1,661,712 Benefit Units C -2 and 0 Benefit Units D. Step 3• Calculate Benefit Units for Each Property. The number of Benefit Units for each identified benefiting parcel within the Downtown San Leandro CBD was computed from data extracted from City and County Assessor records and maps. These data sources delineate current land uses, property areas and dimensions of record for each tax parcel. While it is understood that this data does not represent legal field survey measurements or detailed title search of recorded land subdivision maps or building records, it does provide an acceptable basis for the purpose of calculating property based assessments. All respective property data being used for assessment computations will be provided to each property owner in the CBD for their review. All known or reported discrepancies, errors or misinformation will be corrected. Step 4. Determine Assessment Formula Based on the nature of the programs to be funded as well as other rationale outlined in Step 1 above, it has been determined that the Downtown San Leandro CBD assessments will be based on the amount of street frontage, gross building area and land area of each parcel within two benefit zones. Assessments for residential condominiums will be based on the building pad area of each unit. The assessment formula factors described above are set to uniquely fund each CBD program element as follows: — Sidewalk Operations are funded 50% by street frontage revenues and 50% by land area revenues —District Identity is funded 100% by building area revenues — Enhanced Residential Improvements are funded 100% by residential condo building pad area revenues —Administration is funded 100% by land area revenues — Contingency/Reserve is funded 100% by land area revenue Assessment Formula Unit Cost Calculations: Zone 1 Street Frontage Rate Street Frontage Rate (Benefit Unit "A -1 ") = 50% x$153,666/18,671 = $4.115098/LF 12