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1=tat farce[ i=ee -each individual Assessor's Parcel is assessed the F[at Parcel <br />Rate ~4~~. <br />Street Frontage Rate Land Area Rafe BuiEdir~g Area Rafe Flat Parcel Rate <br />$6.Od er linear foot ~ 0¢ er s oars foot 9 5 er s oars foot X425 er parcel <br />during the terra of the ~, the annual budget and corresponding assessments <br />ray ~ adjusted to reflect an annual cast of operations increase of #ive percent. <br />since the ~ is planned for a tive~}~ear term, rriair-r~un~ assessments for future <br />years dears -~ rr~ust ~ sot at the inception of the I~I~. 111lhile future <br />inflationary ~~ other pragrarrt cost increases are unl~rlov~n at this point, a built-~in <br />rr~a~cirr~urn increase of fire percent per year i incorporated inte the projected <br />program cost and, in turn, the resulting assessment rates for the five-year life of <br />the IBID. These figures are he~rn in the table belo~r, Assessment rates may <br />act exceed these indicated belouv. <br />~ive~Yea~ I~axyr~n~ Assessment }at~s Includes a ~ percent cap on annual <br />increases} <br />Rate Year ~rt~ Year Teo Year Three Year Faur Year Five <br />street Frontage Fee ~ ~~.30 ~.~~ ~,~~ 7.~ <br />Land Area Fee ~o¢ ~~. 1 ~~ ~ ~.~ ~.~¢ <br />Buildi~~ area Fee ~5 ~~.~~ ~~.~ ~1.~ ~~.~ <br />Flat Parcel Fee 4~~ 44~ 4~ ~~~ ~~~ <br />Any annual budget surplus or deficit gill be incorporated into the subsequent <br />year's ~~ budge#a and subsequent annual assessments will be setto account <br />ter surpluses or deficits carried for~rard. <br />G. Time and Manner of Collecting Assessments <br />pursuant to analogous lay pertaining to Propert}~ and business lrnpravernent <br />districts, the Santa Ana Donto~rn ornrnunity Management district assessment <br />vuill be collected b the bounty of grange in the same manner as annual property <br />taxes are callected, and will appear as a separate line item on the annum <br />property tax bills prepared and issued b the bounty. Property tax bills are <br />generally distributed to property o~rners in the fall, and pa}~ment is expected b <br />lurr~p sung or'rn tv~o installments. The bounty of grange sha11 distribute the <br />assessments to the it}~ v~hich gill, in turn, forward the assessments to the <br />15 <br />