Laserfiche WebLink
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 />cents per square foot). <br />14 <br />80A-18 <br />