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Step 7• Calculate "Basic Unit Cost"
<br />With a Year 1 assessment revenue of $359,053 (special benefit only), the Basic Unit Costs are shown above in Step 4.
<br />Since the CBD is being established for a fifteen year term, maximum assessments for future years (Years 2 through 15)
<br />must be set at the inception of the CBD. An annual flat inflationary rate increase of up to 5% may be imposed for Years
<br />2 -15. Therefore the maximum annual rates may not increase more than 5% of the previous year's rates. The maximum
<br />projected maximum annual assessment revenue for Years 1 -15 based on a maximum 5% annual increase is shown
<br />below:
<br />Max Annual
<br />Assessment
<br />FY 1
<br />$359,053.00
<br />FY 2
<br />$377,005.65
<br />FY 3
<br />$395,855.93
<br />FY 4
<br />$415,648.73
<br />FY 5
<br />$436,431.17
<br />FY 6
<br />$458,252.72
<br />FY 7
<br />$481,165.36
<br />FY 8
<br />$505,223.63
<br />FY 9
<br />$530,484.81
<br />FY 10
<br />$557,009.05
<br />FY 11
<br />$584,859.50
<br />FY 12
<br />$614,102.48
<br />FY 13
<br />$644,807.60
<br />FY 14
<br />$677,047.98
<br />FY 15
<br />$710,900.38
<br />The projected program cost allocations for Years 1 -15 are as follows:
<br />16
<br />FY 1
<br />FY 2
<br />FY 3
<br />FY 4
<br />FY 5
<br />FY 6
<br />FY 7
<br />Sidewalk Operations,
<br />Beautification
<br />$234,175
<br />$245,883
<br />$258,177
<br />$271,086
<br />$284,641
<br />$298,873
<br />$313,816
<br />District Identity
<br />$50,000
<br />$52,500
<br />$55,125
<br />$57,881
<br />$60,775
<br />$63,814
<br />$67,004
<br />Enhanced Residential
<br />Improvements
<br />$0
<br />TBD
<br />TBD
<br />TBD
<br />TBD
<br />TBD
<br />TBD
<br />Program Management
<br />$60,750
<br />$63,787
<br />$66,976
<br />$70,325
<br />$73,842
<br />$77,534
<br />$81,410
<br />Contingency
<br />$15,387
<br />$16,156
<br />$16,964
<br />$17,812
<br />$18,702
<br />$19,638
<br />$20,620
<br />16
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