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F. Proposed Sources of Financing, Including Me#hod and Basis of <br />Levying of Assessment <br />The downtown Santa Ana orr~rnunit l~lar~ager~ent District anticipates two <br />eneral sources of revenge --special assessment revenue which is the principal <br />frorr~ <br />source of funding ~~ percer~t~, and program ~noon~e which includes funding <br />sources such as sponsorships, sales of goods and services, dues, interest <br />incorr~e ar~d tl~e lime. The Downtown Santa Ana on~manit Janagement <br />district is ~ benefit asessment-tpe district whereby special service and district <br />ro rarr~ costs are apporkioned among benefitting properties based on the <br />~~ <br />s ecial benefit each property is e~cpected to derive fror~ those services and <br />ro rams. This method of financing such special services and programs is based <br />~~ <br />~ ors the lev of assessments on real property that benefit from proposed <br />irnprover~ents and activities. <br />The method and basis of spreading program costs vary from one district to <br />another based on local geographic conditions, types of programs and activities to <br />he undertaken and sire and development cor~pleit. Further, general benefits <br />f <br />rya not be incor crated into the assessment formula and levied on the iD <br />Y ~ <br />ro ertiesr onl special benefits and oast nay be considered. ssessrent <br />~~ <br />forrr~ulae t ica[[ relate to the ph~rsicaf factors of a parse[ such as street <br />]gyp <br />fronts a lot size, building si~e~ location. The formula nay base assessments on <br />ga <br />a single factor or a combination of factors. <br />based on the ro ram activities to be fended, v~hich relate substar~tia[I to the <br />pg . <br />edestrian~orier~td si~lewall~ areas~public vualltv~a}~s, parse[ size and ph}rs~cal <br />p . <br />im roven~ents it i determined that the assessments be based jn part an f our <br />F <br />propert~related elements: <br />The amount of adjacent stree#~sidewall~ frontage linear feet} <br />The parcel size total land area <br />~ The building area <br />A flat parcel fee <br />These variables ~rere developed b the consulting engineer and presented to a <br />focus rou that vas conducted far purposes of gathering a consensus of <br />g p <br />affected ro ert owners. The focus group Included ley stal~eholders in the <br />p p <br />Downtown, The variables and forn~u[ae were verified as equitable ~y an <br />~ngineer~s Deport. <br />The assessment formula utilised in the Downtown Santa Ana ornr~unity <br />Il~ana ernent district is comprised of these four ~rariables, each with a relative <br />~ . <br />wei kiting aler~ved from prograrr~ benefit, The ~rar~ab[es are; <br />g <br />t <br />