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Zone 2 Street Frontage Rate Street Frontage Rate (Benefit Unit "A -2 ") = 50% x$80,511/15,605 = $2.57962/LF Zone 1 and 2 Building Area Rate Bldg Area Rate = (Benefit Unit `B ") _ $50,000/1,087,295 sq ft = $0.045985/SF Zone 1 Land Area Rate Land Area Rate (Sidewalk Operations) _ (Benefit Unit "C -1 ") = 50% x$153,666/1,567,763 sq ft = $0.049008/SF Land Area Rate (Admin) _ (Benefit Unit "C -1 ") _ $60,750/3,229,475 sq ft = $0.018811/SF Land Area Rate (Contingency/Reserve) _ (Benefit Unit "C -1 ") _ $15,387/3,229,475 sq ft = $0.0.0047645/SF Total Land Rate = (Benefit Unit "C -1 ") _ $0.049008/SF + $0.018811/SF + $0.0.0047645/SF = $0.0725835/SF Zone 2 Land Area Rate Land Area Rate (Sidewalk Operations) _ (Benefit Unit "C -2 ") = 50% x$80,511/1,661,712 sq ft = $0.024225/SF Land Area Rate (Admin) _ (Benefit Unit "C -2 ") _ $60,750/3,229,475 sq ft = $0.018811/SF Land Area Rate (Contingency/Reserve) _ (Benefit Unit "C -2 ") _ $15,387/3,229,475 sq ft = $0.0.0047645/SF Total Land Rate = (Benefit Unit "C -2 ") _ $0.024225/SF + $0.018811/SF + $0.0.0047645/SF = $0.0478005/SF Zone 1 and 2 Future Condo Building Area Rate Future Condo Bldg Area Rate = (Benefit Unit "D ") _ $0.20 /SF Assessment Formula = Street Frontage x Street Frontage Rate, plus Bldg Area x Bldg Area Rate, plus Land Area x Land Area Rate Assessment Formula for Residential Condominiums = Bldg Pad Area x Bldg Pad Area Rate Added notes for special circumstances: 1. Future Residential condominium unit parcels will be assessed based on livable unit building pad area. All residential condominium parcels will be assessed based upon their verifiable building square foot size per condo. 2. Future ground floor commercial condos (retail or office) will be assessed based on actual land area covered, condo building pad area and direct street frontage for each unit. Because such uses are typically developed as part of a 13