2020/11/25 Council Agenda Packet

activities or services which would enhance the appearance of the area and encourage the general public to increasingly visit and do business in the BIA. C. Operation of a program for economic development of the BIA. D. Other improvements considered necessary by the governing body of property owners. Section 4: The annual special assessment upon buildings and other real property, and the owners thereof, within the BIA would continue to be based on land square footage and assessed value, with an increased total budget for the Downtown BIA, amending Ordinance No. 3582-17. The proposed special assessment rates for 2021-2025 are as follows: The amount of the 2021 annual assessments shall be calculated as follows: $0.14 per $1,000 of assessed value of the property per the Snohomish County Assessor, plus $0.09 per land square foot of the property. The amount of the 2022 and each subsequent annual assessment through 2025 shall be based on the previous year's assessment amount for each property and multiplied by either 3%, or multiplied by the June to June percent change in the Consumer Price Index — Urban (CPI-U) for the Seattle, Tacoma, Bellevue area, whichever is greater. Section 5: The City Council, at the December 16, 2020, public hearing, will hear all protests and receive evidence for or against the proposed action and all persons who may desire to object to the action proposed should do so in writing and file said objection with the Everett City Clerk prior to December 9, 2020, or shall appear and present their objections at the public hearing as outlined in Section 1 above. Section 6: The City Clerk shall give notice of the public hearing by: (1) one publication of the notice of hearing and copy of this resolution in a newspaper of general circulation in the City; and (2) mailing a complete copy of this resolution, including a copy of the proposed activities, budget, and assessment rates for the ensuing fiscal years, to the owners or reputed owners of property in the BIA whose names appear as the owners on the records of the City Treasurer, at the address for such owners as shown on the records of the City Treasurer, or at such other address for a particular owner as such owner may have previously requested in writing, or, if no address is shown there, to the address shown in the tax records of the Snohomish County Assessor. Section 7: A copy of the proposed budget is attached as Attachments A to this resolution. Section 8: The City Clerk is authorized to make necessary corrections to this resolution including, but not limited to, the correction of scrivener's/clerical errors, references, numbering, section/subsection numbers, and any references thereto. Councilmember introducing resolution Passed and approved this day of , 2020. Council President LI 2020 RESOLUTION: Downtown BIA Page 3 of 3