Agmt 2013 San Leandro Improvement Association

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Projected Assessment FY11 FY12 FY13 FY14 FY15 Linear Frontage 21 $ 5.74720 $ 5.91962 $ 6.09721 $ 6.28012 $ 6.46853 Linear Frontage Z2 $ 3.60273 5 3.71082 $ 3.82214 $ 3.93680 $ 4.05491 Building Sq.Ft.21&2 $ 0.0642233 $ 0.0661500 $ 0.0681345 $ 0.0701785 $ 0.0722839 Lot Square Footage 21 $ 0.1013711 $ 0.1044123 $ 0.1075446 $ 0.1107710 $ 0.1140941 Lot Square Footage Z2 $ 0.0667588 $ 0.0687616 $ 0.0708245 $ 0.0729492 $ 0.0751377 Condos Bldg SF 21&2 $ 0.2793228 $ 0.2877025 $ 0.2963336 $ 0.3052236 $ 0.3143803 Budget Adjustments: Annual budget surpluses, if any, will be rolled into the following year's budget. Assessments will be set annually, within the constraints of the CPI or land use changes. Revenues from the delinquent accounts may be expended in the year they are received. If the District is not renewed, any remaining funds will be returned to property owners in the proportion by what each property owner paid. If after the initial term the District decides to renew and if there is money left over from the previous term, the balance of remaining funds will be rolled over into the renewed district. These "rolled over" funds may only be used within the boundaries of the renewed district and cannot be expended for activities, services, or improvements in an area expanded beyond the original District. However, the rolled over funds may be used to finish District Management Corporation activities in the original district. Time and Manner for Collecting Assessments: The Downtown San Leandro CBD assessments will appear as a separate line item on annual property tax bills prepared by the County of Alameda. The assessments shall be collected at the same time and in the same manner as for the ad valorem property tax paid to the County of Alameda. These assessments shall provide for the same lien priority and penalties for delinquent payment as is provided for the ad valorem property tax. Any delinquent assessments owed for the first year will be added to the property tax roll for the following year together with any applicable interest and penalties. The "property owner" means any person shown as the owner/taxpayer on the last equalized assessment roll or otherwise known to be the owner/taxpayer by the City. Disestablishment: California State Law, Section 36670 provides for the disestablishment of a District. Provisions for annual disestablishment of the CBD are provided for in the local CBD ordinance through Section 36600 of the California Streets and Highway Code. Property owners dissatisfied with the results, management or quality of the services may petition the City Council to disestablish the CBD, in the same method in which they petitioned the City Council to establish the District. Section 36670 states: 27