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Assessment Formula. <br />Street Frontage Fes + Land Arm Fes + SulMng Mee Fee + Parcel Fee <br />1. Stnglatarrft rssidentbd uses are set at a rate of 10 cents per squa a foot of bull ft pad, iron one do f e baths are set at a fiat rate o f$100 per unit <br />( dlud s residential condoe). <br />2. MukW t * ratderdial uses of rive or more units are set at 25 percent of mspecti«e base assessment rates (apartments). <br />3. Nonpwfto (501c3) ownedbaupied properties are sat at 25 percent of respective base assessment rates. <br />4 Bulking am are rapped at a floor area ratio (FAR) of 4.0. <br />5. Cloveirunwtownedloccupled properties Kit not be aesemad and will >eaeive no direct mv <br />6. Residential uses, regardless of the number of units, that are 100 percent prcjeot4*W rental assistance programs; far example, senior housing and ft <br />Ice, wit not be assessed and wiA receive no direct seryicea <br />7. Mbmd4m pr opartieWcomplexes will generally be wessed based on prorated roe, using brie following guidelines: <br />CwnmudaNOlfice condos,- NO ttasi ri UM (MAMA owners} <br />a. Bung area fee at full bukkV area fee rate (sh%ctured panirkag area excluded) <br />b. Land area fee at NO land area fee rate but prof for each unit based on ratio of unit building area to total Widkrg area. <br />a Frontage fee at full frontage rate but prorated for each unk based on redo of unit building area to total building area. <br />a f?ixsd-ties Bernet` ?rourxkFloor f?ommercai Sri ter F? (etrnple owrnerl <br />a. Suff*V area file at M rate for cornmerdal area and 25 percent commercial rate for residential are (atrucixid parking area aradtrdad). <br />b. Land an fee at full land area fee ratt <br />a Frontage tee st fultfrontage rasa. <br />Mbco"seCowlos• GMyN twr coax mn:Ul'snd Uboer-lour R"WoMW (multigb oywwali <br />a <br />&Aft area fee at full rate for conxne vial pod areas and 10 cents par square foot d balding pad area, per residential condo unit (stnrdured perking <br />am OdAxw. <br />b. Land arse foe at U band arcs fee rate for commercial pad foctprl nt <br />a Frontage fee at full frontage note formnmorofet as s (ground floor dr sct frontage). <br />d. Live, work condo amts w#rere there is a dawn and Iagally defined dbaftion between wort specs and WN vmw4A be aaased using a won of <br />a, b, and c above. <br />Street Frontage Fee is cal xMW by multiplying the linear feet of shot frontage of a parcel by ere Street Frontage Rob (i6 per foot). <br />Lanni Mee Fee is calculated by multiplying tine swore footage of ft parcel by the Land Area Rob (10 cents per square foot) <br />BulkI ng Area Fee is caladatsd by multiplying the square footage of a structure, as derived from its gross exteft L ions, by the Building Area Rats <br />(15 cents per tnquare foot). <br />Fiat Parcel Fee - each kxibviduai Assessor's Parcel is ame`sed the Flat Parcel Rob ($M). <br />Street Frontage Rate Land Area Rib Buiki>irtg Ara We Flat Parcel Raft <br />$6.00 per lirwar foot 100 per square foot 15¢ per square foe $425 per parcel <br />EXHIBIT 3 <br />47 <br />19D-11