CBID

Finance

Financial Information

 

CBID  Annual Operating Budget* Summary for FY12-13 (July 1, 2012 - June 30, 2013)

Sidewalk Operations, Beautification and Order Programs $173,878
District Identify and Streetscape Improvements $10,868
Administration/Corporate Operations $26,081
Contingency/Reserves $6,520
Total: $217,347

 

*Due to grants, events, and sponsorships the overall projected operating budget of the Willow Glen Business Association exceeds $400,000 annually. The budget above reflects only those fees raised specifically by the CBID assessment.

 

Assessment Methodology: How property assessments are calculated

Zone #Street FrontageAcreage of PropertyBldg Size
Zone 1 $8.905 per linear foot $.063 per square foot of land $.119 per square feet of building
Zone 2 $5.553 per linear foot $.063 per square foot of land $.073 per square feet of building

Zone 1

Essentially most commercial property from Minnesota to Willow Street, including all properties fronting Lincoln Avenue.

Methodology Example

Street Frontage 50 linear feet x $8.905 = $ 445.25
Acreage of Property 7,405 sq. feet x $ .063 = $ 466.52
Building Size 2,388 sq. feet x $ .119 = $ 284.17
Annual total = $1,195.94

Zone 2

Essentially most commercially zoned property from Willow Street to Lester Avenue and Broadway Avenue, including all properties fronting Lincoln Avenue.

Methodology Example

Street Frontage 50 linear feet x $5.553 = $ 277.65
Acreage of Property 7,405 sq. feet x $ .063 = $ 466.52
Building Size 2,388 sq. feet x $ .073 = $ 174.32
Annual total = $ 918.49

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