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<br /> <br /> b. Land area fee at full land area fee rate but prorated for each unit based on <br />ratio of unit building area to total building area. <br /> <br /> c. Frontage fee at full frontage rate but prorated for each unit based on ratio <br />of unit building area to total building area. <br /> <br /> Mixed-Use Rental: Ground-Floor Commercial and Upper-Floor Residential <br />(single owner) <br /> <br /> a. Building area fee at full rate for commercial area and 50 25 percent <br />commercial rate for residential area (structured parking area excluded). <br /> <br /> b. Land area fee at full land area fee rate. <br /> <br /> c. Frontage fee at full frontage rate. <br /> <br /> Mixed-Use Condos: Ground-Floor Commercial and Upper-Floor Residential <br />(multiple owners) <br /> <br /> a. Building area fee at full rate for commercial pad areas and $100 per year <br />10 cents per square foot of building pad area, per residential condo unit <br />(structured parking area excluded). <br /> <br /> b. Land area fee at full land area fee rate for commercial pad footprint. <br /> <br /> c. Frontage fee at full frontage rate for commercial units (ground floor direct <br />frontage). <br /> <br /> d. Live-work condo units where there is a clear and legally defined distinction <br />between work space and living space will be assessed using a <br />combination of a, b, and c above. <br /> <br /> YEAR ONE ASSESSMENT CALCULATION <br /> <br />A parcel’s first annual assessment is calculated as follows. Any applicable <br />adjustment factors are applied after the calculation of the parcel’s assessment at <br />the full rate. <br /> <br />ANNUAL ASSESSMENT = Street Frontage Fee + Land Area Fee + <br />Building Area Fee + Parcel Fee <br /> <br />Street Frontage Fee is calculated by multiplying the linear feet of street frontage <br />of a parcel by the Street Frontage Rate ($6 per linear foot). <br /> <br /> <br />2 <br /> <br />Correcting plan figures/wording on the plan to match that as adopted by City Council on October 6, 2008, agenda <br />item 55B. <br /> <br />14 <br /> <br />