How are the assessments calculated?


At this phase in the process, we are unable to provide specific information regarding the cost or calculation of the assessment. Once the survey results are complete, the Steering Committee will be able to determine the services that are most important to the property owners, the frequency at which the services are provided and cost for providing those services. An assessment methodology will then be used to determine an assessment amount that is commensurate with the level of benefit that each property is receiving. The basis for determining the amount of each property owner’s assessment may be calculated from a variety of chosen factors including Parcel square footage, Parcel foot frontage along Santa Monica Blvd and/or Building square footage.

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