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ATTACHMENT 2 <br />Section 5.28.080 System of Assessments <br /> <br />All businesses, trades or professions within the boundaries of the district shall be subject <br />to an annual assessment in an amount as follows: <br /> <br />A. Assessment shall be equal to three times the amount of the annual city business <br />license tax for all businesses located curb-side, downstairs on Main Street, except that <br />there shall be a minimum assessment of one hundred twenty-five dollars per year and <br />a maximum of seven hundred and fifty dollars per year. <br /> <br />B. Assessment shall be equal to two times the amount of the annual city business license <br />tax for all businesses with Main Street addresses located upstairs or not curb-side, <br />except there shall be a minimum assessment of one hundred twenty-five dollars per <br />year and a maximum of seven hundred and fifty dollars per year. <br /> <br />C. Assessment shall be equal to one and one-half times the amount of the annual <br />business license tax for all businesses in the district off of Main Street except there <br />shall be a minimum assessment of one hundred twenty-five dollars per year and a <br />maximum of seven hundred and fifty dollars per year. <br /> <br />D. Any business exempt from the City’s business license tax shall pay an annual charge <br />of four hundred and fifty dollars per year, except as provided by subsections E and F <br />of this section. <br /> <br />E. Non-profit organizations that are exempt from the City’s business license tax shall also <br />be exempt from the annual assessment. <br /> <br />F. Insurance agents who are exempt from the City’s business license tax shall pay an <br />assessment based on annual gross receipts as if their business were not exempt and <br />the annual assessment shall be computed as in subsections A through C of this <br />section. <br /> <br />G. If several independent contractors are located at one business address and <br />conducting a similar business service, the maximum charge of four hundred and fifty <br />dollars may be charged to the owner of this business. Notwithstanding this option, <br />each independent contractor shall obtain a business license. <br /> <br />H. Assessments shall be adjusted annually on January 1st based on the change in the <br />Consumer Price Index (CPI) for the San Francisco/Oakland region, rounded to the <br />nearest dollar. <br /> <br />SECTION 8: New businesses will not be exempt from the levy of assessment, pursuant <br />to Section 36531 of the 89 Law. <br /> <br />SECTION 9: The public hearing on the levy of the proposed assessment for 2026 is set <br />for Tuesday, November 4, 2025, at 7:00 p.m., at which time written or oral testimony for or against <br />the establishment of the District, to the assessment, or the furnishing of specified types of <br />improvements or activities will be heard. <br /> <br />SECTION 10: As provided in §36534 of the Streets and Highways Code, the City Clerk <br />shall notice of the public hearing by causing the resolution of intention to be published once in a <br />newspaper of general circulation in the city not less than seven days before the public hearing. <br />Page 165 of 264