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2015-28992 Reso RESOLUTION NO. 2015-28992 A RESOLUTION OF THE MAYOR AND CITY COMMISSION OF THE CITY OF MIAMI BEACH, FLORIDA, CREATING, SUBJECT TO THE APPROVAL OF A MAJORITY OF THE AFFECTED PROPERTY OWNERS, A SPECIAL ASSESSMENT DISTRICT TO BE KNOWN AS THE LINCOLN ROAD BUSINESS IMPROVEMENT DISTRICT, FOR A TERM OF TEN (10) YEARS, TO STABILIZE AND IMPROVE THE LINCOLN ROAD RETAIL BUSINESS DISTRICT, WHICH IS LOCATED WITHIN A NATIONALLY RECOGNIZED HISTORIC DISTRICT, THROUGH PROMOTION, MANAGEMENT, MARKETING, AND OTHER SIMILAR SERVICES (THE "SERVICES"); PROVIDING FOR THE LEVY AND COLLECTION OF SPECIAL ASSESSMENTS IN THE AMOUNT OF $1,426,237 PER YEAR; INDICATING THE LOCATION, NATURE, AND ESTIMATED COST OF THOSE SERVICES WHOSE COSTS ARE TO BE DEFRAYED BY THE SPECIAL ASSESSMENTS; PROVIDING THE MANNER IN WHICH SUCH SPECIAL ASSESSMENTS SHALL BE MADE; PROVIDING WHEN SUCH SPECIAL ASSESSMENTS SHALL BE MADE; DESIGNATING THE LANDS UPON WHICH THE SPECIAL ASSESSMENTS SHALL BE LEVIED; PROVIDING FOR PUBLICATION OF THIS RESOLUTION; AND AUTHORIZING RELATED ACTIONS. WHEREAS, the Lincoln Road Property Owners Association, Inc. ("LRPOA") is a Florida non profit corporation, which is tax exempt under section 501(c)(6) of the Internal Revenue Code, and represents a group of property owners of real estate in the vicinity of, abutting, or located on Lincoln Road; and WHEREAS, Chapter 170, Florida Statutes, authorizes any municipality, subject to the approval of a majority of the affected property owners, to levy and collect special assessments against property benefited for the purpose of stabilizing and improving retail business districts, wholesale business districts, or nationally recognized historic districts, or any combination of such districts, through promotion, management, marketing, and other similar services; and WHEREAS, on December 17, 2014, and as sponsored by Commissioner Michael Grieco, the Mayor and City Commission approved Resolution No. 2014-28881, attached hereto and incorporated herein as Exhibit "A," which, in pertinent part, authorized the City Manager's Office and City Attorney's Office to work with the LRPOA for the purpose of establishing a special assessment district pursuant to Chapter 170, Florida Statutes, in order to stabilize and improve the Lincoln Road retail business district, which is located within a nationally recognized historic district, through promotion, management, marketing, and other similar services; and WHEREAS, the special assessments levied within the proposed special assessment district, to be known as the "Lincoln Road Business Improvement District" (the "District"), shall be used to provide the services described in Exhibit "B," attached hereto and incorporated herein (the "Services"); and WHEREAS, the District is bounded on the west by Alton Road; on the east by Washington Avenue; on the north by 17th Street; and on the south by Lincoln Lane South; provided, however, that the following properties shall be excluded and exempted from such District: (1) residential properties; (2) properties owned or occupied by a religious institution and used as a place of worship or education (as defined in Section 170.201(2), Florida Statutes); and (3) common areas owned by condominium associations; and WHEREAS, the Mayor and City Commission hereby determine that it is in the best interest of the City, and of the District, to provide, or cause to be provided, the Services for the District and, as such, wish to defray the cost of the Services by levying special assessments upon the affected properties within the District ("Assessments"); and WHEREAS, the Mayor and City Commission further determine that special benefits shall accrue to the properties within the District from the Services, and that the Assessments shall be made in proportion to the benefits received, all as set forth in the preliminary assessment roll attached hereto and incorporated herein as Exhibit"C"; and WHEREAS, the Mayor and City Commission have determined that the Assessments to be levied shall not exceed the special benefits to the affected properties within the District. NOW, THEREFORE, BE IT RESOLVED BY THE MAYOR AND CITY COMMISSION OF THE CITY OF MIAMI BEACH, FLORIDA, THAT SECTION 1: All findings and recitals contained in this Resolution are hereby adopted and incorporated herein. SECTION 2: Pursuant to the provisions of Chapter 170, Florida Statutes, the Mayor and City Commission hereby authorize a special assessment to be levied and collected, and hereby create a special assessment district, to be known as the "Lincoln Road Business Improvement District," for a term of ten (10) years, subject to the approval of the majority of the affected property owners in the District, for the purposes of stabilizing and improving the Lincoln Road retail business district, which is located within a nationally recognized historic district, through promotion, management, marketing, and other similar services. SECTION 3: The boundaries of the proposed District are as follows: All lots and lands adjoining and contiguous or bounding and abutting upon such improvements or specially benefited thereby and further designated by the Assessment Plat, attached hereto and incorporated herein as Exhibit "D." SECTION 4: The nature of the Services is set forth in Exhibit "B," attached hereto and incorporated herein. SECTION 5: The total estimated cost of the Services to be funded by the proposed Assessments is approximately $1,426,237 per year. SECTION 6: The Assessments shall be levied in accordance with the applicable provisions of Chapter 170, Florida Statutes, for the purposes of defraying the cost of the Services, as described in Exhibit "C," and in accordance with the assessment methodologies in Exhibit "E," attached hereto and incorporated herein. 2 SECTION 7: At the time of adoption of the Resolution by the Mayor and City Commission, there shall be on file with the City Clerk the Assessment Plat, showing the area to be assessed; a description of the Services; and an estimate of the cost of the Services, which documents shall be open to inspection by the public. SECTION 8: Following a pp roval of this Resolution, the City Administration is hereby authorized and directed to cause to be made a preliminary assessment roll, as promptly as possible, which shall show the properties assessed by folio number; the amount of benefit to each property; and the special assessments against each property assessed by folio number. SECTION 9: The assessment shall be payable in one installment per year to the Finance Director of the City, or the Finance Director's designee, on such date as shall be contained in a bill to be mailed to each property owner within the District at least thirty (30) days prior to the due date, and following the confirmation by the Mayor and City Commission of the Final Assessment Roll. Installments not paid when due shall become due and payable in accordance with statutory provisions and shall remain liens, coequal with the lien of all state, county, district, and municipal taxes, superior in dignity to all other liens, titles, and claims, until paid, and shall bear interest, at such rate or rates as specified in Section 170.09, Florida Statutes. SECTION 10: Upon completion of the preliminary assessment roll, the Mayor and City Commission shall adopt a subsequent resolution to fix a time and place at which the owners of the property to be assessed or any other persons interested therein may appear before the Mayor and City Commission and be heard as to the propriety and advisability of the Assessments or the provision of the Services, the costs thereof, the manner of payment therefor, or the amount thereof to be assessed against each lot so serviced, all in accordance with Chapter 170, Florida Statutes. SECTION 11: The City Clerk is hereby directed to cause this Resolution to be published once a week for a period of two weeks in a newspaper of general circulation published in Miami- Dade County. SECTION 12: The Resolution shall become effective upon the date of its adoption herein, provided, however, that if the proposed special assessment does not receive the approval of a majority (50% plus one) of the affected property owners pursuant to an election to be duly conducted by the City Clerk, the Resolution shall be null and void. PASSED and ADOPTED this lS day of_ April , 2015. ATTEST: ��'�-w i ' r,✓ INCORP ORATED • • a it � E N Raf el E. Gra ado, Cit Cler �� -� °� �ilip,�.� `' e Mayor N (Sponsored by Commissioner Michael Grieco) ' . APPROVED AS TO F:\ATTO\KALN\RESOLUTIONS\Lincoln Road BID\Reso creating Lincoln Road special assessment distriFeRM&LANGUAGE &`FOR EXECUTION 54..k/V`" 4— sit-15 3 City Attorney Nie.. Date 111.. 4111111111ft■ EMI 41/ 1915•2015 MIAMIBEACH OFFICE OF THE CITY ATTORNEY RAULJ. AGUILA, CITY ATTORNEY COMMISSION MEMORANDUM To: Mayor Philip Levine Date: April 15, 2015 Members of the City Commission From: Raul J. Aguila c.0 City Attorney Subject: A RESOLUTION OF THE MAYOR AND CITY COMMISSION OF THE CITY OF MIAMI BEACH, FLORIDA, CREATING, SUBJECT TO THE APPROVAL OF A MAJORITY OF THE AFFECTED PROPERTY OWNERS, A SPECIAL ASSESSMENT DISTRICT TO BE KNOWN AS THE LINCOLN ROAD BUSINESS IMPROVEMENT DISTRICT, FOR A TERM OF TEN (10) YEARS, TO STABILIZE AND IMPROVE THE LINCOLN ROAD RETAIL BUSINESS DISTRICT, WHICH IS LOCATED WITHIN A NATIONALLY RECOGNIZED HISTORIC DISTRICT, THROUGH PROMOTION, MANAGEMENT, MARKETING, AND OTHER SIMILAR SERVICES (THE "SERVICES"); PROVIDING FOR THE LEVY AND COLLECTION OF SPECIAL ASSESSMENTS IN THE TOTAL AMOUNT OF $1,426,237 PER YEAR; INDICATING THE LOCATION, NATURE, AND ESTIMATED COST OF THOSE SERVICES WHOSE COSTS ARE TO BE DEFRAYED BY THE SPECIAL ASSESSMENTS; PROVIDING THE MANNER IN WHICH SUCH SPECIAL ASSESSMENTS SHALL BE MADE; PROVIDING WHEN SUCH SPECIAL ASSESSMENTS SHALL BE MADE; DESIGNATING THE LANDS UPON WHICH THE SPECIAL ASSESSMENTS SHALL BE LEVIED; PROVIDING FOR PUBLICATION OF THIS RESOLUTION; AND AUTHORIZING RELATED ACTIONS. A. Background The Lincoln Road Property Owners Association, Inc. ("LRPOA") is a Florida non profit corporation, which is tax exempt under section 501(c)(6) of the Internal Revenue Code, . and represents a group of property owners of real estate in the vicinity of, abutting, or located on Lincoln Road. Chapter 170, Florida Statutes, authorizes any municipality, subject to the approval of a majority of the affected property owners, to levy and collect special assessments Agenda Item ( .7 G Date against property benefited for the purpose of stabilizing and improving retail business districts, wholesale business districts, or nationally recognized historic districts, or any combination of such districts, through promotion, management, marketing, and other similar services. On December 17, 2014, and as sponsored by Commissioner Michael Grieco, the Mayor and City Commission approved Resolution No. 2014-28881, attached hereto and incorporated herein as Exhibit "A," which, in pertinent part, authorized the City Manager's Office and City Attorney's Office to work with the LRPOA for the purpose of establishing a special assessment district pursuant to Chapter 170, Florida Statutes, in order to stabilize and improve the Lincoln Road retail business district, which is located within a nationally recognized historic district, through promotion, management, marketing, and other similar services. Pursuant to the request of Commissioner Grieco, the attached Resolution is the first step under Chapter 170, Florida Statutes, for creating the proposed special assessment district, and is submitted for consideration by the Mayor and City Commission. B. The Proposed "Lincoln Road Business Improvement District" The attached Resolution creates, subject to the approval of a majority of the affected property owners, a special assessment district, to be known as the "Lincoln Road Business Improvement District" (the "District"), for a term of ten (10) years, to stabilize and improve the Lincoln Road retail business district, which is located within a nationally recognized historic business district, through promotion, management, marketing, and other similar services. The Resolution provides for the levy and collection of special assessments, in the amount of $1,426,237 per year; indicates the location, nature, and estimated cost of those services whose cost are to be defrayed by the special assessments; provides the manner in which such special assessments shall be made; provides when such special assessments shall be made; designates the lands upon which the special assessments shall be levied; provides for publication of this Resolution; and authorizes related actions. The proposed material terms for the District are as follows: 1. District Boundaries The District shall be bounded on the west by Alton Road; on the east by Washington Avenue; on the north by 17th Street; and on the south by Lincoln Lane South; provided, however, that the following properties shall be excluded and exempted from such District: (1) residential properties; (2) properties owned or occupied by a religious institution and used as a place of worship or education (as defined in Section 170.201(2), Florida Statutes); and (3) common areas owned by condominium associations. ii Pursuant to Section 170.04, Florida Statutes, at the time of the adoption of the attached Resolution, there shall be on file with the City Clerk an assessment plat showing the area to be assessed, which assessment plat shall be open to the inspection of the public. A proposed assessment plat is attached as Exhibit "D" to the attached Resolution. 2. Term/Duration of the District The term/duration of the proposed District is ten (10) years. 3. Total Annual Amount of Special Assessments to be Levied and Collected The total annual amount of special assessments to be levied and collected shall be $1,426,237 per year. 4. Assessment Methodologies Properties within the District that front Lincoln Road shall be assessed at the rate of two dollars ($2.00) per square foot of the lot size, based on the size of the ground floor only. Properties within the District that do not front Lincoln Road shall be assessed at the rate of twenty cents ($0.20) per square foot of the lot size, based on the size of the ground floor only. Property owned or occupied by a religious institution and property owned by a condominium association shall be excluded and exempted from the District. With respect to 408 Lincoln Road and 1110 Lincoln Road, the special assessment shall be calculated based on the square footage of only that portion of property that lies north of Lincoln Lane South. 5. Services to be Provided The special assessments shall be used to fund those Services described in Exhibit "B" to the attached Resolution. C. Procedure for Creating the District, Following the Adoption of the Attached Resolution 1. Notice Requirement Upon adoption of the attached Resolution, and pursuant to Section 170.05, Florida Statutes, the City shall cause the Resolution to be published once a week for a period of two weeks in a newspaper of general circulation published in Miami-Dade County. 2. Preliminary Assessment Roll Additionally, upon adoption of the attached Resolution, and pursuant to Section 170.06, Florida Statutes, there shall be made available in the City Clerk's Office a iii preliminary assessment roll, in accordance with the method of assessment provided for in the Resolution, which assessment roll shall show the lots and lands assessed, the amount of benefit to and the assessment against each lot or parcel of land, and the number of annual installments in which the assessment is divided. 3. Special Mail Ballot Election Following adoption of the attached Resolution by the Mayor and City Commission, and completion of the preliminary assessment roll, the City Clerk, in consultation with the City Attorney's Office, shall conduct a special mail ballot election for the majority (50% plus one) of the affected property owners to approve the proposed special assessment. 4. Final Hearing for the Mayor and City Commission to Hear Testimony, Decide Whether to Levy Special Assessments, and Meet as an Equalizing Board to Adjust and Equalize the Assessments on a Basis of Justice and Right Upon completion of the preliminary assessment roll, and upon the approval of the District by a majority of the affected property owners, the Mayor and City Commission must adopt a subsequent Resolution to schedule a public hearing at which the owners of the properties to be assessed or any other persons interested therein may appear before the Mayor and City Commission and be heard as to the propriety and advisability of the assessments proposed to be levied, or the provision of the Services, the costs thereof, the manner of payment therefor, or the amount thereof to be assessed against each lot so serviced. Following the public hearing, the Mayor and City Commission shall make a final decision on whether to levy the special assessments. At that time, the Mayor and City Commission shall also serve as an "equalizing board" to hear and consider any and all complaints as to the special assessments, and shall adjust and equalize the assessments on a basis of justice and right. When so equalized, and approved by Resolution of the Mayor and City Commission, a final assessment roll shall be filed with the City Clerk, and the special assessments (as set forth in the final roll) shall stand confirmed and remain legal, valid, and binding liens upon the property against which such assessments are made, until paid. D. Conclusion The attached Resolution shall become effective upon the date of adoption; provided, however, that if the proposed special assessment does not subsequently receive the approval of a majority (50% plus one) of the affected property owners, the attached Resolution shall be null and void. iv RESOLUTION NO. 2014-28881 A RESOLUTION OF THE MAYOR AND CITY COMMISSION OF THE CITY OF MIAMI BEACH, FLORIDA, AUTHORIZING THE CITY MANAGER AND CITY ATTORNEY'S OFFICES TO WORK WITH THE LINCOLN ROAD PROPERTY OWNERS ASSOCIATION, INC., AND THE OCEAN DRIVE IMPROVEMENT ASSOCIATION, INC., FOR THE PURPOSE OF ESTABLISHING SPECIAL ASSESSMENT DISTRICTS TO STABILIZE AND IMPROVE THE LINCOLN ROAD AND OCEAN DRIVE RETAIL BUSINESS DISTRICTS, WHICH ARE LOCATED WITHIN NATIONALLY RECOGNIZED HISTORIC DISTRICTS, THROUGH PROMOTION, MANAGEMENT, MARKETING, AND OTHER SIMILAR SERVICES, PURSUANT TO CHAPTER 170, FLORIDA STATUTES. WHEREAS, the Lincoln Road Property Owners Association, Inc., represents a group of owners of real estate in the vicinity of, abutting, or located on Lincoln Road; and the Ocean Drive Improvement Association, Inc., represents a group of owners of real estate in the vicinity of, abutting, or located on Ocean Drive; and WHEREAS, Chapter 170, Florida Statutes, authorizes any municipality, subject to the approval of a majority of the affected property owners, to levy and collect special assessments against property benefited for the purpose of stabilizing and improving retail business districts, wholesale business districts, or nationally recognized historic districts, or any combination of such districts, through promotion, management, marketing, and other similar services, in such districts of the municipality; and WHEREAS, the Lincoln Road Property Owners Association, Inc., seeks to work with the City of Miami Beach to establish a comprehensive plan for the creation of a special assessment district under Chapter 170, Florida Statutes, in order to stabilize and improve the Lincoln Road area, a retail business district within a nationally recognized historic district, through promotion, management, marketing, and other similar services; and WHEREAS, the Ocean Drive Improvement Association, Inc., seeks to work with the City of Miami Beach to establish a comprehensive plan for the creation of a special assessment district under Chapter 170, Florida Statutes, in order to stabilize and improve the Ocean Drive area, a retail business district within a nationally recognized historic district, through promotion, management, marketing, and other similar services. NOW, THEREFORE, BE IT RESOLVED BY THE MAYOR AND CITY COMMISSION OF THE CITY OF MIAMI BEACH, FLORIDA, that the City Manager and City Attorney's Offices are hereby authorized to work with the Lincoln Road Property Owners Association, Inc., and the Ocean Drive Improvement Association, Inc., for the purpose of establishing special assessment districts to stabilize and improve the Lincoln Road and Ocean Drive retail business districts, EXHIBIT a which are located within nationally recognized historic districts, through promotion, management, marketing, and other similar services, pursuant to Chapter 170, Florida Statutes. PASSED and ADOPTED this /7 day of Dece vo be(2014. ATTEST: • Rafael . Granado, City Clerk _INCORPf GRATED. h tp L-, ''�; Mayor � • • (Sponsored by Commissioner Michael �9ec H�� ',s�" F:1ATT01KALNIRESOLUTIONS\Lincoln Road BID1Authorization to Work With LRPOA Reso(amended).docx APPROVED AS TO FORM & LANGUAGE &F R EXECUTION City Attorney Dote MY-- EXHIBIT "B" LINCOLN ROAD BUSINESS IMPROVEMENT DISTRICT ANNUAL BUDGET NARRATIVE AND SUMMARY OF SERVICES TO BE PROVIDED 1. Revenues The revenues in the attached proposed budget ($1,426,237) represent the total amount of the special assessments to be collected in the first year of the special assessment district, as detailed in the Preliminary Assessment Roll, attached as Exhibit "C." 2. Administrative and Office Expenses Administrative and office expenses for the special assessment district shall total $341,532. • Staffing costs, including employment benefits, for two employees (an executive director and a staff assistant) shall total $231,536. • Office expenses for rent, liability insurance, supplies, postage, printing, equipment lease(s), annual report, audit, cell phone, accounting, and consulting fees shall total $89,996. • Other administrative expenses including directors and officers insurance, licensing and permitting, memberships, meeting expenses, parking and auto mileage, and travel shall total $20,000. 3. Marketing Expenses Marketing expenses shall total $534,200 and shall include expenditures to attract people to Lincoln Road to shop, dine, and attend special events and holiday activities, as follows: • Advertising expenses (print, online, outdoor media, agency fees) shall total $354,000. • Other marketing costs, including email/fax service, event advertising, holiday lighting and decor, printing, production and design, promotions, public relations, sponsorships, and website expenses, shall total $180,200. 4. BID District Programs BID District Program expenses, including holiday programs, signage, ambassador services, and supplemental security services, shall total $550,505, as follows: • Holiday programs, related purchases, installation and removal of decorations, technical assistance for programs, rental of equipment for events, and costs of performing artists and related technical crew for presentations shall total $195,500. • Expenses related to signage creation, installation, and upkeep for the way-finding program shall total $85,000. • Ambassador services and supplemental security expenses shall total $270,000. Total District Expenses: $1,426,237 B-1 M N U U co N H • C) C) C) > t?. Li C. LU LU LU CO W N- o ^ v v v o v co 0 CO 0 0 0 0 0 0 0 o O o 0 o CD 0 0 V CO Cv) N O O O O CO O 6) O O O O O O O O O C) C) O 0) O O 5 N CV 1n 0 0 0 0 1) N 6) O CO CD O to 0 N I' CO o 0 0 0) N 1- I X Cp Cp CO O . 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N c) ¢ a) O c`2 W N c o C C C C 1.1_ , -0 J .O O O a) N as C) Q fl. t a) CT co°. O 0 r N Cn Cn T U- Q >, " Zn'3. •- IX O CD 2 u) u) Q. W a) ,C C O C a) U . .� co a C O O U co '7, C D U E a) Y > w a. > > > CD ca CD °- _, C o o o a) w a p CS :° 2 2 cu d H o W2Q < < <W W22CLCLCLCLC) H W m F°- H EXHIBIT "C" PRELIMINARY ASSESSMENT ROLL 1. Folios with Lincoln Road Frontage Folios with frontage on Lincoln Road shall be assessed at two dollars ($2.00) per square foot. See Assessment Methodologies, attached as Exhibit "E." No. Property Address Lot S. F. Folio No. (02-3234-) Assessment 1 1111 Lincoln Rd. 48,000 018-0080 $96,000 2 1100 Lincoln Rd.' 44,353 018-0250 $88,706 3 1001 Lincoln Rd. 16,189 018-0070 $32,378 4 1035 Lincoln Rd. 15,000 018-0040 $30,000 5 1031 Lincoln Rd. 3,750 018-0074 $7,500 6 1029 Lincoln Rd. 3,750 018-0050 $7,500 7 1025 Lincoln Rd. 4,631 018-0072 $9,262 8 1023 Lincoln Rd. 4,764 018-0060 $9,528 9 1036 Lincoln Rd. 15,000 002-0090 $30,000 10 1018 Lincoln Rd. 7,500 002-0080 $15,000 11 1000 Lincoln Rd. 16,500 002-0070 $33,000 12 1657 Michigan Ave. 7,500 018-0010 $15,000 13 927 Lincoln Rd. 22,500 018-0020 $45,000 14 901 Lincoln Rd. 15,000 018-0030 $30,000 15 930 Lincoln Rd. 15,000 002-0220 $30,000 16 918 Lincoln Road, #1A2 1,554 076-0010 $3,108 17 920 Lincoln Road, #2A 1,258 076-0020 $2,516 18 922 Lincoln Road, #3A 1,490 076-0030 $2,980 19 910 Lincoln Rd 7,500 002-0200 $15,000 20 900 Lincoln Rd 7,500 002-0190 $15,000 21 825 Lincoln Rd 22,517 007-0550 $45,034 22 801 Lincoln Rd. 22,500 007-0540 $45,000 23 846 Lincoln Rd. 7,500 002-0350 $15,000 24 838 Lincoln Rd. 15,000 002-0340 $30,000 25 818 Lincoln Rd. 7,500 002-0330 $15,000 26 800 Lincoln Rd. 15,000 002-0320 $30,000 27 741 Lincoln Rd. 11,726 007-0491 $23,452 28 719 Lincoln Rd. 18,836 007-0490 $37,672 29 701 Lincoln Rd. 15,000 000-0010 $30,000 1100 Lincoln Road shall be assessed based on the square footage of that portion of the lot that lies between Lincoln Road and Lincoln Lane South. 2 918, 920, and 922 Lincoln Road form part of a condominium. The common areas owned by the condominium association shall be excluded from the special assessment district. C-1 No. Property Address Lot S. F. Folio No. (02-3234-) Assessment 30 663 Lincoln Rd.3 1,460 219-0010 $2,920 31 665 Lincoln Rd. 1,465 219-0020 $2,930 32 667 Lincoln Rd. 1,089 219-0030 $2,178 33 643 Lincoln Rd. 10,500 000-0030 $21,000 34 635 Lincoln Rd. 5,250 005-0010 $10,500 35 631 Lincoln Rd. 5,250 005-0020 $10,500 36 607 Lincoln Rd. 5,201 005-0030 $10,402 37 605 Lincoln Rd., #1004 3,310 168-0010 $6,620 38 605 Lincoln Rd., #110 2,979 168-0020 $5,958 39 605 Lincoln Rd., #120 3,219 168-0030 $6,438 40 734 Lincoln Rd. 15,000 003-0040 $30,000 41 1646 Euclid 15,000 003-0010 $30,000 42 730 Lincoln Rd. 7,500 003-0030 $15,000 43 720 Lincoln Rd. 7,500 003-0020 $15,000 44 670 Lincoln Rd. 30,000 003-0060 $60,000 45 600 Lincoln Rd. 15,000 003-0050 $30,000 46 551 Lincoln Rd. 15,487 005-0050 $30,974 47 533 Lincoln Rd. 5,250 005-0060 $10,500 48 521 Lincoln Rd. 5,250 005-0070 $10,500 49 511 Lincoln Rd. 5,250 005-0080 $10,500 50 501 Lincoln Rd. 4,987 005-0090 $9,974 51 532 Lincoln Rd. 16,500 003-0100 $33,000 52 530 Lincoln Rd. 7,500 003-0080 $15,000 53 455 Lincoln Rd. 4,987 005-0100 $9,974 54 433 Lincoln Rd. 10,500 005-0110 $21,000 55 421 Lincoln Rd. 10,500 005-0120 $21,000 56 401 Lincoln Rd.5 8,738 072-0010 $17,476 57 1620 Drexel Ave.6 7,000 003-0070 $14,000 58 408 Lincoln Rd.' 55,659 006-0020 $111,318 3 663, 665, and 667 Lincoln Road form part of a condominium. The common areas owned by the condominium association shall be excluded from the special assessment district. 4 605 Lincoln Road is a condominium. The common areas owned by the condominium association shall be excluded from the special assessment district. 5 401 Lincoln Road is a condominium. The common areas owned by the condominium association shall be excluded from the special assessment district. 6 Only that portion of 1620 Drexel Avenue that is owned or occupied by a religious institution and used as a place of worship or education shall be excluded from the special assessment district. The remainder of the property is included in the special assessment district. 408 Lincoln Road shall be assessed based on the square footage of that portion of the lot that lies between Lincoln Road and Lincoln Lane South. C-2 2. Folios without Lincoln Road Frontage Folios without Lincoln Road frontage shall be assessed at twenty cents ($0.20) per square foot. See Assessment Methodologies, attached as Exhibit "E." No. Street Address Lot S. F. Folio (02-3234) Assessment 59 1681 Lenox 16,000 004-0800 3,200 60 1685 Lenox 8,000 004-0790 1,600 61 1664 Lenox 4,500 004-0850 900 62 1666 Lenox 7,500 004-0860 1,500 63 1056 17 Street 8,000 004-0780 1,600 64 1000 17 Street 8,000 004-0770 1,600 65 1680 Michigan, #1008 1,933 178-0010 387 66 1680 Michigan, #101 676 178-0020 135 67 1680 Michigan. #103 680 178-0030 136 68 1691 Michigan 76,500 004-0690 15,300 69 1699 Jefferson 7,500 007-0610 1,500 70 1685 Jefferson 7,500 007-0620 1,500 71 1688 Meridian 11,250 007-0600 2,250 72 1680 Meridian 11,250 007-0590 2,250 73 1674 Meridian 8,250 007-0580 1,650 74 723 N. Lincoln Lane 20,563 007-0520 4,113 75 1675 Meridian 49,938 007-0530 9,988 76 1672 Drexel 66,649 000-0930 13,330 Total for properties with Lincoln Road frontage: 58 Folios $1,363,498 Total for properties without Lincoln Road frontage: 18 Folios $62,739 TOTAL FOR PROPERTIES WITHIN DISTRICT 76 Folios $1,426,237 8 1680 Michigan is a condominium. The common areas owned by the condominium shall be excluded from the special assessment district. C-3 ;." WASHINGTON AVE 411111111111111111/11111i1 --a- , . ..0, p....I ....-...........yor 11.. , I in+ lat iffIlift Al 4, 4- 1. ., It . It'• i @ ii) — „ .... 2.1.1c10,, 1 Alit!1, ...,E..-2•E••= '1-..--'417A, ' it'* •, ' • I 8 e 1 . ri.... ,„,a..„..,::, ,„..,..... .. , .•, . ,,,,,,...... , A '44 - /... . Cd) --sll•••••■ ••• ' .'"- " .5NF-0::' F.4,0i-gli . "'.4'. 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".1-------- - — I — - .... _.'"-r:r•-•."1- ,' ' 40- 0 i W%-- SiWilbillt:'7017 ...11L.. .--:--1/1-111111161 11 ' St or , _ EXHIBIT "E" ASSESSMENT METHODOLOGIES The following assessment methodologies (i.e., formulas) shall apply to properties within the proposed special assessment district: 1. Property with Lincoln Road frontage Properties that front Lincoln Road shall be assessed at the rate of two dollars ($2.00) per square foot of the lot size, based on the size of the ground floor only. 2. Property without Lincoln Road frontage Properties that do not front Lincoln Road shall be assessed at the rate of twenty cents ($0.20) per square foot of the lot size, based on the size of the ground floor only. 3. Property owned or occupied by a religious institution . Property owned or occupied by a religious institution and used as a place of worship or education shall be excluded and exempted from the proposed special assessment district. Section 170.201(2) defines "religious institution" as any church, synagogue, or other established physical place for worship at which nonprofit religious services and activities are regularly conducted and carried on. If any portion of a property owned by a religious institution is not used as a place of worship or education, that portion of the property shall not be excluded or exempted from the proposed special assessment district. 4. Property owned by a condominium association Any common areas owned by condominium associations and located on the ground floor of a condominium shall be excluded and exempted from the proposed special assessment district. The following property addresses include common areas owned by condominium associations and located on the ground floor: 401 Lincoln Road, 605 Lincoln Road, 663-667 Lincoln Road, 918-922 Lincoln Road, and 1680 Michigan Avenue. 5. 408 Lincoln Road and 1110 Lincoln Road With respect to 408 Lincoln Road and 1110 Lincoln Road, the special assessment shall be calculated based on the square footage of only that portion of property that lies north of Lincoln Lane South. E-1