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a. Building area fee at full building area fee rate (structured parking area <br />excluded). <br />b. Land area fee at full land area fee rate but prorated for each unit based on <br />ratio of unit building area to total building area. <br />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 59 25 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 $400 per Y <br />10 cents per square foot of building pad area, per residential condo unit <br />(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 where there is a clear and legally defined distinction <br />between work space and living space will be assessed using a <br />combination of a, b, and c 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 />