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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 />
<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 />
<br />EXPENDITURES
<br />
<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 &
<br />Promotions $372,990.00 $391,639.50 $411,221.47 $431,782.54 $453,371.66
<br />Ambassador Program $183,390.00 $192,559.50 $202,187.47 $212,296.84 $222,911.68
<br />Physical
<br />Enhancement $48,825.00 $51,266.25 $53,829.56 $56,521.04 $59,347.09
<br />Admin & Operations $124,660.00 $130,893.00 $137,437.65 $144,309.53 $151,525.00
<br />TOTAL $950,000.00 $997,500.00 $1,047,375.00 $1,099,743.75 $1,154,730.94
<br />80A-12
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