Business Improvement District
Fund revenues will be generated by commercial and multi- family property owners that are located within district boundaries. Residential properties containing less than four units will not be assessed.
| Benefit Area | Minimum (per parcel) |
Maximum (per parcel) |
Rate per Lot Square Foot |
Rate per $1,000 Total Assessed Value |
| Area 1 Corridor Zoning |
$200 | $1,000 | 2.5 cents | 60 cents |
| Area 2 General Commercial |
$100 | $500 | 1.3 cents | 30 cents |
| Area 3 Industrial |
$50 | $250 | 0.6 cents | 15 cents |