(A) The improvement district benefit fee assessment schedule (the "assessment roll") shall be based upon the most current and final Bernalillo County real property taxation assessment valuation for each non-excluded parcel in the district.
(B) For each non-excluded parcel in the improvement district, the improvement district benefit fee assessment valuation (the "assessment valuation") amount shall be equal to one-third of the Bernalillo County real property taxation assessment valuation.
(C) The benefit fee assessment rate (the "assessment rate") shall be the lesser of .0058 or the percentage calculated by dividing the total amount of the improvement district budget by the total amount of the assessment valuation for all non-excluded parcels located in the improvement district.
(D) The benefit fee assessed for each non-excluded parcel in the improvement district shall be calculated by multiplying the non-excluded parcel assessment valuation by the assessment rate.
(Ord. 38-2000)