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multi -floor mixed -use complex, special methodologies are needed to address the levy of assessments on such land uses as delineated in 3A and 3B below. 3. Future Multi -floor mixed -use condominium uses will be assessed in accordance with the following assessment methodology: A. Multi —Floor Commercial Only Condominiums — Building pad area at respective building area rate — Land area at land area rate but pro -rated for each unit based on ratio of unit building area to total building area — Street frontage at respective street frontage rate but pro -rated for each unit based on ratio of unit building area to total building area B. Mixed -Use Commercial Condos and Residential Condominiums — Commercial building pad area at respective commercial building area rate and at residential condominium building rate for residential condominium building pad area — Land area at land area rate (assessed on ground floor commercial condo parcels for actual land area covered) — Street frontage at respective street frontage rate (assessed on ground floor commercial condo parcels for actual street frontage) 4. Other Future Development: As future new development occurs within the District, current property characteristics and parcel configurations may also change. This may occur due new building construction, demolition and/or expansion as well as various land related modifications such as new subdivisions, lot line adjustments, reversions to acreage and parcel consolidations. In turn, individual parcel street frontage measurements, parcel sizes and building areas may also change. Any such modifications will result in recalculation of assessments for new and/or modified buildings and/or parcels based on the assessment rate in affect when such changes occur in accordance with future maximum rates and the assessment methodology delineated in this Report. It is noted that any change in assessment formula methodology or rates other than as stipulated in this Report would require a new Proposition 218 ballot procedure in order to approve any such changes. Step 5• Estimate Total District Costs The total projected District revenues /expenditures for Year 1 of the CBD are as follow: $ 359,053 = CBD assessment funded programs