2020/12/16 Council Agenda Packet

EVERETT Project title: An Ordinance Relating to the Downtown Business Improvement Area (BIA), extending the term, modifying the special assessment levy and boundaries, and approving a five-year budget, amending Ordinance No. 3582-17. City Council Agenda Item Cover Sheet Council Bill # interoffice use CB 2011-62 Agenda dates requested: 11/25, 12/9, 12/16 Briefing Proposed action 11/25 and 12/9 Consent Action 12/16 Ordinance - Yes 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 Administr:ti Cou'il President Project: Proposed Renewal of Downtown Business Improvement Area Partner/Supplier : Downtown Everett Association Location: Downtown Core P..receding.. action: ....Or.din.an.ce..3582.-17...as.m.o st.recent_81A..ren.ewal 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 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 an Ordinance Relating to the Downtown Business Improvement Area (BIA), extending the term, modifying the special assessment levy and boundaries, and approving a five-year budget, amending Ordinance No. 3582-17.