Interested in helping the 516 Canal Neighbors?

Please consider donating to the Canal Alliance Support Fund or the Marin Community Foundation Canal Residents Emergency Fund.

   

What are some examples of CBID annual budget (as determined by assessment formula)?

The annual budget of a CBID is set by the Owners Association and is determined by the level and type of improvements and activities that property owners within the district wish to implement. As a result, CBID budgets range in size from under $100,000 to several million dollars.

Assessments are generally set using three metrics: Building area, lot square footage and linear property frontage. Below are examples of various formulas.

Example A Example B Example C
Building square feet $0.20 $0.15 $0.10
Lot size in square feet $0.10 $0.06 0.05
Linear frontage in feet $6.00 $2.00 $4.50

 

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