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<br />27 <br /> <br />Projected Assessment FY11 FY12 FY13 FY14 FY15 <br />Linear Frontage Z1 $ 5.74720 $ 5.91962 $ 6.09721 $ 6.28012 $ 6.46853 <br />Linear Frontage Z2 $ 3.60273 $ 3.71082 $ 3.82214 $ 3.93680 $ 4.05491 <br />Building Sq. Ft. Z1& 2 $ 0.0642233 $ 0.0661500 $ 0.0681345 $ 0.0701785 $ 0.0722839 <br />Lot Square Footage Z1 $ 0.1013711 $ 0.1044123 $ 0.1075446 $ 0.1107710 $ 0.1140941 <br />Lot Square Footage Z2 $ 0.0667588 $ 0.0687616 $ 0.0708245 $ 0.0729492 $ 0.0751377 <br />Condos Bldg SF Z1& 2 $ 0.2793228 $ 0.2877025 $ 0.2963336 $ 0.3052236 $ 0.3143803 <br /> <br />Budget Adjustments: <br />Annual budget surpluses, if any, will be rolled into the following year’s budget. Assessments <br />will be set annually, within the constraints of the CPI or land use changes. Revenues from the <br />delinquent accounts may be expended in the year they are received. If the District is not <br />renewed, any remaining funds will be returned to property owners in the proportion by what <br />each property owner paid. <br /> <br />If after the initial term the District decides to renew and if there is money left over from the <br />previous term, the balance of remaining funds will be rolled over into the renewed district. <br />These “rolled over” funds may only be used within the boundaries of the renewed district and <br />cannot be expended for activities, services, or improvements in an area expanded beyond the <br />original District. However, the rolled over funds may be used to finish District Management <br />Corporation activities in the original district. <br /> <br />Time and Manner for Collecting Assessments: <br />The Downtown San Leandro CBD assessments will appear as a separate line item on annual <br />property tax bills prepared by the County of Alameda. The assessments shall be collected at <br />the same time and in the same manner as for the ad valorem property tax paid to the County of <br />Alameda. These assessments shall provide for the same lien priority and penalties for <br />delinquent payment as is provided for the ad valorem property tax. <br /> <br />Any delinquent assessments owed for the first year will be added to the property t ax roll for the <br />following year together with any applicable interest and penalties. The “property owner” <br />means any person shown as the owner/taxpayer on the last equalized assessment roll or <br />otherwise known to be the owner/taxpayer by the City. <br /> <br />Disestablishment: <br />California State Law, Section 36670 provides for the disestablishment of a District. Provisions <br />for annual disestablishment of the CBD are provided for in the local CBD ordinance through <br />Section 36600 of the California Streets and Highway Code. Property owners dissatisfied with <br />the results, management or quality of the services may petition the City Council to disestablish <br />the CBD, in the same method in which they petitioned the City Council to establish the District. <br />Section 36670 states: <br />