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1 <br /> is hereby amended to read as follows: <br /> The purposes, activities, services, and projects to be funded with the special assessment proceeds <br /> for the three years beginning July 1, 2014 through June 30, 2017, and the three year budget as set <br /> forth in Resolution No. 6730, on file with the City Clerk, are hereby approved. There is hereby <br /> appropriated and authorized to be expended from the District Fund the sum of$196,584, or so <br /> much thereof as may be necessary, for the purposes, activities, services, and projects approved <br /> for each of the next three BIA fiscal years (July 1, 2014 through June 30, 2017). Unless <br /> otherwise authorized by the City, the total amount to be specially assessed and expended in <br /> subsequent years shall be as set forth in the budget approved by the City. The particular program <br /> and services to be provided for each subsequent period and the amount of funding thereof shall <br /> be as approved by ordinance of the City Council after notice and hearing as provided by Section <br /> 12 of Ordinance No. 2842-05. The Mayor is hereby authorized and directed to contract with the <br /> Downtown Everett Association, or similar organization, to administer funds for the approved <br /> purposes, activities, services, and projects for the first year. Thereafter the City may continue <br /> each year to contract with the Downtown Everett Association or similar organization to <br /> administer the forthcoming annual program, unless a suitable successor organization is <br /> recommended by(a) a majority of the votes of the ratepayers at their annual meeting weighed by <br /> the dollar value of their assessments, (b) a petition signed by ratepayers paying the majority of <br /> the assessments, or(c)by the association itself. <br /> Section 2. Section 19 of Ordinance No. 2842-05, as amended by Section 2 of Ordinance No. <br /> 3075-08 and Section 2 of Ordinance No. 3222-11, which reads as follows: • <br /> The BIA and the special assessment levy therefore shall terminate within one year (or such <br /> longer period as set forth in the termination petition) from the date of submission to the City of a <br /> petition containing the signatures of the owners of property in the BIA who pay fifty percent or <br /> more of the annual special assessment amount for the BIA, requesting termination of the BIA <br /> and special assessment levy, or by Resolution and Ordinance of the City Council. The BIA and <br /> the special assessment levy therefore shall continue for a period of nine years from the effective <br /> date of Ordinance No. 2842-05 so that the term of the BIA expires in 2014,unless, at least ninety <br /> days prior to such termination, a petition is submitted to the City requesting the continued <br /> existence of the BIA, with such petition cont,.ining the signatures of the owners of property in <br /> the BIA who will pay fifty percent or more of the annual special assessment for the BIA. <br /> is hereby amended to read as follows: <br /> The BIA and the special assessment levy therefore shall terminate within one year (or such <br /> longer period as set forth in the termination petition) from the date of submission to the City of a <br /> petition containing the signatures of the owners of property in the BIA who pay fifty percent or <br /> more of the annual special assessment amount for the BIA, requesting termination of the BIA <br /> and special assessment levy, or by Resolution and Ordinance of the City Council. The BIA and <br /> the special assessment levy therefore shall continue for a period of twelve years from the <br /> effective date of Ordinance No. 2842-05 so that the term of the BIA expires in 2017, unless, at <br /> least ninety days prior to such termination, a petition is submitted to the City requesting the <br /> continued existence of the BIA, with such petition containing the signatures of the owners of <br /> ' 3 <br /> Page 2 of 4 <br />