|
Each of these programs and activities work together to create a more
<br /> pleasing environment within the District that is conducive to strengthening
<br /> the economic vitality of this commercial center through the attraction and
<br /> retention of new business and increased commerce. The programs,
<br /> improvements, and services are designed to specifically benefit properties
<br /> within the CMD boundaries. The proposed CMD assessments will be
<br /> levied only on properties within the CMD boundaries. Assessment
<br /> revenues will be spent to deliver services that provide a direct and special
<br /> benefit to assessed parcels and to improve the economic vitality of these
<br /> properties.
<br /> PROJECTED FIVE-YEAR BUDGETS/PROGRAM COSTS
<br /> REVENUE
<br /> Source Year 1 Year 2 Year 3 Year 4 Year 5
<br /> CMD Assessments $920,000.00 $966,000.00 $1,014,300.00 $1,065,015.00 $1,118,265.75
<br /> All Other $30,000.00 $31,500.00 $33,075.00 $34,728.75 $36,465.19
<br /> $950,000.00 $997,500.00 $1,047,375.00 $1,099,743.75 $1,154,730.94
<br /> EXPENDITURES
<br /> Programs & Activities Year 1 Year 2 Year 3 Year 4 Year 5
<br /> Maint & Landscaping $220,135.00 $231,141.75 $242,698.83 $254,833.77 $267,575.45
<br /> Marketing & $372,990.00 $391,639.50 $411,221.47 $431,782.54 $453,371.66
<br /> Promotions
<br /> Ambassador Program $183,390.00 $192,559.50 $202,187.47 $212,296.84 $222,911.68
<br /> Physical $48,825.00 $51,266.25 $53,829.56 $56,521.04 $59,347.09
<br /> Enhancement
<br />
<br /> Admin & Operations $124,660.00 $130,893.00 $137,437.65 $144,309.53 $151,525.00
<br />
<br /> TOTAL $950,000.00 $997,500.00 $1,047,375.00 $1,099,743.75 $1,154,730.94
<br /> 8
<br /> 80A-12
<br />
<br />
|