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Street/Sidewalk Frontage 30% or $276,000 <br /> Parcel Size (Land Area) 30% or $276,000 <br /> Building Area 30% or $276,000 <br /> Flat Parcel Fee 10% or $ 92,000 <br /> 100% $920,000 <br /> Within the CMD there are 282 parcels with roughly 60,000 linear feet of street <br /> frontage, 4 million square feet of land and 2.5 million square feet of building area. <br /> A list of all parcels in the CMD is shown in Appendix A. Using the cumulative <br /> property-related data totals from above, the base Year 1 assessment rates are <br /> set at $6 per linear foot of street frontage, 10 cents per square foot of land area, <br /> and 15 cents per square foot of building area (based on gross exterior building <br /> dimensions). The parcel fee shall be $425 per parcel. <br /> Due to identified diminished benefits and a number of formula adjustment factors <br /> for certain land uses, parcel configurations and other circumstances are also <br /> incorporated into the proposed CMD formula as follows: <br /> 1. Residential uses from one to four units are set at a flat rate of $100 per unit <br /> (includes residential condos). <br /> 2. Residential uses of five or more units are set at 50 percent of respective base <br /> assessment rates (apartments). <br /> 3. Nonprofit- (501 c3) owned/occupied properties are set at 50 percent of <br /> respective base assessment rates. <br /> 4. Building areas are capped at a floor area ratio (FAR) of 4.0. <br /> 5. Government-owned/occupied properties will not be assessed and will receive <br /> no direct services. <br /> 6. Residential uses, regardless of the number of units, that are 100 percent <br /> project-based rental assistance programs; for example, senior housing and <br /> the like, will not be assessed and will receive no direct services. <br /> <br /> 7. Mixed-use properties/complexes will generally be assessed based on <br /> prorated land-use ratios, using the following guidelines: <br /> Commercial/Office Condos - No Residential Uses (multiple owners) <br /> a. Building area fee at full building area fee rate (structured parking area <br /> excluded). <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. i <br /> 13 <br /> 80A-17 <br /> <br />