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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 /> Mixed-Use Rental: Ground-Floor Commercial and Upper-Floor Residential <br /> (single owner) <br /> a. Building area fee at full rate for commercial area and 50 percent <br /> commercial rate for residential area (structured parking area excluded). <br /> b. Land area fee at full land area fee rate. <br /> c. Frontage fee at full frontage rate. <br /> Mixed-Use Condos: Ground-Floor Commercial and Upper-Floor Residential <br /> (multiple owners) <br /> a. Building area fee at full rate for commercial pad areas and $100 per year <br /> per residential condo unit (structured parking area excluded). <br /> b. Land area fee at full land area fee rate for commercial pad footprint. <br /> c. Frontage fee at full frontage rate for commercial units (ground floor direct <br /> frontage). <br /> d. Live-work condo units will be assessed using a combination of a, b, and c <br /> above. <br /> YEAR ONE ASSESSMENT CALCULATION <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 /> ANNUAL ASSESSMENT =Street Frontage Fee + Land Area Fee + <br /> Building Area Fee + Parcel Fee <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 /> Land Area Fee is calculated by multiplying the square footage of the parcel by <br /> the Land Area Rate (10 cents per square foot) <br /> Building Area Fee is calculated by multiplying the square footage of a structure, <br /> as derived from its gross exterior dimensions, by the Building Area Rate (15 <br /> <br /> cents per square foot). <br /> 14 <br /> 80A-18 <br /> <br />