2020/11/25 Council Agenda Packet

E EVERETT Resolution setting public hearing before the City Council December 16, 2020 at 6:30pm to receive comments on the City's intent to extend the term, modify the special assessment levy and boundaries, and set a five-year budget of the Downtown Business Improvement Area. Project title: City Council Agenda Item Cover Sheet Council Bill # interoffice use Agenda dates requested: N ovember 18, 2020 Project: Proposed Renewal of Downtown Business Improvement Area Partner/Supplier : Downtown Everett Association Location: Downtown Core N ovember 25, 2020 Briefing Proposed action Consent Action X O rdinance Public hearing Yes X No Budget amendment: Yes X No PowerPoint presentation: Yes X No Attachments: Proposed Resolution Proposed Ordinance redlined Proposed Ordinance final Department(s) involved: Economic Development Contact person: Dan Eernissee Phone number: 425-257-8681 Email. deernissee@everettwa.gov Initialed by: DE Department head Administration Council President Preceding action Ordin.ance..3582.-17.as.most.recent.BIA..renewal Fund: 009/General Government Non -Departmental Fiscal summary statement: The City has financially contributed to the existing Downtown Business Improvement Area (BIA) since its inception in 1995. By amending the ordinance that renews the BIA and adopts the Downtown Everett Association's five-year budget, the City contribution as a participating property owner will be set at $103,600 in 2021, and increases annually by 3% or the rate of inflation (whichever is greater) through 2025. Project summary statement: The proposed Resolution cancels the Public Hearing previously set for December 9, 2020 and sets a new public hearing for December 16 2020 to hear public comment on these proposed changes. The third reading of the proposed Ordinance will also be December 16, 2020. The City's existing Downtown BIA will expire on January 1, 2021. The BIA is a special assessment district which raises funds for the maintenance of the area within the BIA. The BIA assessments pay for customized services to support downtown property owners including trash removal, sidewalk cleaning, graffiti removal and —beginning in 2020—the flower program. The DEA manages the BIA's clean and safe service team and encourages a thriving downtown district attractive to visitors and residents through programming, business engagement, and participation in Washington s Main Street program. The BIA is a significant factor in maintaining the Downtown area in an attractive manner and encouraging the public to work, live, dine, and shop in Everett. The proposed Ordinance will extend the term of the BIA for an additional five years, with an expansion by one block to the geographical area. The total amount assessed will change from the previous three years to allow for an increased budget. The proposed Ordinance would increase the assessment rate from $.08 per Lot Square Foot to $.09 per Lot Square Foot. The current assessment rate of $0.14 per $1,000 of Total Market Value would remain the same. The proposed Ordinance would increase the budgets each year (and the assessment rates) by including a multiplication of either 3% or the rate of inflation (whichever is greater) per fiscal year. In addition the Ordinance will formally approve the proposed Downtown Everett Association budget for management of the BIA. Finally, the Ordinance will streamline how the city bills condominium owners; rather than billing owners individually, they will be billed collectively through their homeowner association. Recommendation (exact action requested of Council): Adopt the Resolution setting a public hearing before the City Council December 16, 2020 at 6 30pm to receive comments on the City's intent to extend the term modify the special assessment levy and boundaries, and set a five-year budget of the Downtown Business Improvement Area.