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10D Action 2013 1118
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10D Action 2013 1118
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Last modified
12/13/2013 9:25:53 AM
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11/13/2013 4:52:01 PM
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CM City Clerk-City Council
CM City Clerk-City Council - Document Type
Staff Report
Document Date (6)
11/18/2013
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_CC Agenda 2013 1118 RG
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\City Clerk\City Council\Agenda Packets\2013\Packet 2013 1118
Reso 2013-149
(Reference)
Path:
\City Clerk\City Council\Resolutions\2013
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<br />26 <br /> <br />Table 4 – E <br />Database for Downtown San Leandro CBD: <br />Assessable property variables in Benefit Zone 2 <br /> <br />Linear Frontage <br />Total <br />Lot Square <br />Footage Total <br />Building Square <br />Footage Total <br />Condo Residents Unit <br />Parcels, Building Square <br />Footage to be assessed <br />15,605 linear feet 1,661,712 sq. ft 295,461 sq. ft 0 sq. ft <br /> <br />Maximum Assessment: <br />Assessments will be subject to changes in the Alameda County Consumer Price Index (CPI), for <br />all urban consumers, annual increases not to exceed 3% per year. Increases will be determined <br />by the CBD District Management Corporation and will vary between 0% and 3% in any given <br />year. The maximum the assessments can be increased is 3% over the previous fiscal year’s <br />base assessments. Not implementing the increase for one year does not give the District <br />Management Corporation the authority to accumulate increases above 3% within any given <br />fiscal year. The following projections illustrate a potential 3% annual increase. <br /> <br />Table 4 – F <br />Benefit Zone 1 and 2 Maximum Assessments by Property Variable <br />Projected Assessment FY1 FY2 FY3 FY4 FY5 <br />Linear Frontage Z1 $ 4.115098 $ 4.23855 $ 4.36571 $ 4.49668 $ 4.63158 <br />Linear Frontage Z2 $ 2.57962 $ 2.65701 $ 2.73672 $ 2.81882 $ 2.90339 <br />Building Sq. Ft. Z1& 2 $ 0.0459850 $ 0.0473646 $ 0.0487855 $ 0.0502491 $ 0.0517565 <br />Lot Square Footage Z1 $ 0.0725835 $ 0.0747610 $ 0.0770038 $ 0.0793140 $ 0.0816934 <br />Lot Square Footage Z2 $ 0.0478005 $ 0.0492345 $ 0.0507116 $ 0.0522329 $ 0.0537999 <br />Condo Bldg SF Z1& 2 $ 0.2000000 $ 0.2060000 $ 0.2121800 $ 0.2185454 $ 0.2251018 <br /> <br />Projected Assessment FY6 FY7 FY8 FY9 FY10 <br />Linear Frontage Z1 $ 4.86316 $ 5.00905 $ 5.15932 $ 5.31410 $ 5.47353 <br />Linear Frontage Z2 $ 3.04855 $ 3.14001 $ 3.23421 $ 3.33124 $ 3.43117 <br />Building Sq. Ft. Z1& 2 $ 0.0543443 $ 0.0559747 $ 0.0576539 $ 0.0593835 $ 0.0611650 <br />Lot Square Footage Z1 $ 0.0857780 $ 0.0883514 $ 0.0910019 $ 0.0937320 $ 0.0965439 <br />Lot Square Footage Z2 $ 0.0564899 $ 0.0581846 $ 0.0599301 $ 0.0617280 $ 0.0635799 <br />Condo Bldg SF Z1& 2 $ 0.2363569 $ 0.2434476 $ 0.2507510 $ 0.2582735 $ 0.2660217 <br /> <br /> <br />
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