2014/05/28 Council Agenda Packet

4 ORDINANCE NO. An Ordinance relating to the Business Improvement Area (BIA), extending the term of the existing BIA and special assessment levy for three additional years, and amending Ordinance No. 2842-05, as amended. Whereas, the City Council adopted Ordinance No. 2842-05, establishing the existing Downtown Business Improvement Area, and Ordinance No. 3222-11 extending the term of the existing BIA to June 30, 2014: and Whereas, the City Council adopted Resolution No. 6730, declaring its intent to extend the existing BIA and special assessment levy for an additional three years; and Whereas, the City Council held, pursuant to Resolution No. 6730, a public hearing in the City Council Chambers to consider extending the term of the existing BIA and special assessment levy for three additional years; NOW, TH t+;REFORE, THE CITY OF EVERETT DOES ORDAIN: Section 1. Section 13 of Ordinance No. 2842-05, as amended by Section 1 of Ordinance No. 3075-08 and Section 1 of Ordinance No. 3222-11, which reads as follows: The purposes, activities, services, and projects to be funded with the special assessment proceeds for the three years beginning July 1, 2011 through June 30, 2014, and the three year budget as set forth in Resolution No. 6378, on file with the City Clerk, are hereby approved. There is hereby appropriated and authorized to be expended from the District Fund the sum of $196,584, or so much thereof as may be necessary, for the purposes, activities, services, and projects approved for each of the next three BIA fiscal years (July 1, 2011 through June 30, 2014). Unless otherwise authorized by the City, the total amount to be specially assessed and expended in subsequent years shall be as set forth in the budget approved by the City. The particular program and services to be provided for each subsequent period and the amount of funding thereof shall be as approved by ordinance of the City Council after notice and hearing as provided by Section 12 of Ordinance No. 2842-05. The Mayor is hereby authorized and directed to contract with the Downtown Everett Association, or similar organization, to administer funds for the approved purposes, activities, services, and projects for the first year. Thereafter the City may continue each year to contract with the Downtown Everett Association or similar organization to administer the forthcoming annual program, unless a suitable successor organization is recommended by (a) a majority of the votes of the ratepayers at their annual meeting weighed by the dollar value of their assessments, (b) a petition signed by ratepayers paying the majority of the assessments, or (c) by the association itself. Page 1 of 4 18