A Downtown Improvement District is established
in the commercial area of downtown College Park. This district shall
be defined as all property in commercial use lying generally along
both sides of Baltimore Avenue from Fordham Lane on the south to approximately
three hundred (300) feet north of College Avenue on the north. Other
streets lying within this district are Guilford Road, Calvert Road,
Hartwick Road, Knox Road and Lehigh Road. This area is outlined on
the map attached hereto and marked Exhibit A.
The method for establishing assessments shall
be based on the total square footage of property as recorded for property
tax purposes with the rate of assessment determined by the benefit
zone in which the property is located. The benefit zones are delineated
as shown on the map attached hereto and marked Exhibit B and the assessment is distributed as follows within each
zone:
Benefit Zone
|
Distribution of Assessment
|
---|
Front foot primary
|
40%
|
Other primary
|
30%
|
Secondary
|
20%
|
Office
|
10%
|