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03 - JOINT PH - AGMT Downtown Inc and Loan Agmt
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05/18/2009
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03 - JOINT PH - AGMT Downtown Inc and Loan Agmt
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Last modified
1/3/2012 3:33:32 PM
Creation date
6/27/2011 3:42:01 PM
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City Clerk
Doc Type
Agenda Packet
Item #
03
Date
5/18/2009
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c. Frr~tage fee at fu[1 frontage rata but prarated for each unit based an ratio <br />of unit building area to total ~uildir~g area. <br />I~Ilied-~~ Rental: ground-Float omeroial and lJ~~er->''.Coar Residential <br />sin le owner <br />~. ~u[lding area fee at full rate for oorrneroial area aid ~o percent <br />camn~ercial rate for residential area structured ~arl~ing area e~cluded~. <br />b. Lard area fee at full land area fee rate. <br />c, Frontage fea at f ull frontage rate. <br />Iied-~Je Hondas; _raund-Floor omrnercial and ~pp~r->~loar Ro~~der~tia~ <br />r~ult[ Ie o~ur~ers <br />a. building area fee atfull rate tar car~r~ercial pad areas and ~~ per year <br />per residential condo unit structured parking area eoluded. <br />b. Land area fee et full land area fee rate for commercial pad faotprir~t. <br />c. Frar~tae fee at full frontage rate for commercial units {ground floor direct <br />fror~tage~. <br />d. Live~~ror~C condo units gill be assessed using combination of a, b, and c <br />abo~re. <br />~Al~ ~E A~1E~T.._AL.tlLAT~~[ <br />,,~ _ - _ . <br />parceC's first annual assessment Is calculated as fvllo~vs. Any applicable <br />adjustment factors are applied after the calculatiar~ of the parcel's assessment at <br />the full rate. <br />ANNUAL AEI~EI~T ~ Street Frontage Fee ~ Land Area Pee ~ <br />building Area fee ~ Parcel Fee <br />Street Frontage Fee is caiculated b multiplying the linear feet of street frontage <br />of a parcel b the Street Frontage Rate ~ per linear faot~. <br />Land Area Fee is calculated b r~u[tiplying the square footage of the parcel by <br />the Land Area Rate ~~ ~ ants per square foot <br />tuilding Area Fee is calculated by multiplying the square footage of a structure, <br />as derived from its grass eteriar dirr~enslons, by the ~uilding Area Rate ~~ ~ <br />Dents per square foat~, <br />t4 <br />
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