Ordinance 3714-19 TABLED - Laserfiche WebLink

Section 7. Deposit Into Fund. A special fund is hereby created, to be called the Everett Station District Business Improvement Area Fund, hereafter called the "ESD BIA Fund," into which shall be deposited: A. All revenues from special assessments levied under this ordinance. B. Interest, late charges, penalties, and income from the investment of fund deposits. C. Gifts and donations to the fund. D. Restitution moneys for expenditures made from the fund and reimbursement due to the fund. Section 8. Expenditures. Expenditures from the ESDA BIA Fund as may be authorized by the City Council or Finance Director shall be used exclusively for the purposes specified in this ordinance and shall not be used for any other purpose. Section 9. Administration. The Mayor or his or her designee shall administer the District for the City, with authority to: A. Determine the land square footage and assessed land value (according to the records of the Assessor of Snohomish County), of property for assessment purposes. B. Collect the special assessments, refund special assessments when overpaid, and extend the deadline for payment and/or waive delinquency charges whenever the delinquency is the result of the failure by the City to provide a statement of the amount due, or nonpayment results from extenuating circumstances beyond the ratepayer's control, such as a casualty loss, causing bankruptcy. C. Determine and apply the interest rate for late payments contemplated by Section 14. D. Take other such action as is necessary and appropriate to carry out contemplated programs with special assessments. E. Direct the appropriate officers of the City to pursue collection procedures, including bringing legal civil actions in district or superior court to collect any unpaid assessments and to collect such unpaid assessments by foreclosure action against the property on which it is assessed in accordance with laws applicable to foreclosure of local improvement district liens, and/or to collect by civil action such unpaid assessment by judgment against the owner owing the assessment. F. Call and conduct an annual meeting of rate payers each year so as to obtain information to assist in the administration of the BIA. The City Finance Director or his/her designee is hereby authorized to approve, correct, revise, modify, or amend the proposed activities, annual budget, and assessment as proposed by the ESD BIA Ratepayer Advisory Board described in Section 16 herein. Section 10. Approval of Expenditures/Contract for Program Management. The purposes, activities, services, and projects to be funded with the special assessment proceeds for the one-year budget beginning January 1, 2020,through December 31, 2020, as set forth in Attachment B to this Ordinance, are hereby approved.There is hereby appropriated and authorized to be expended Imo az 2019 ORDINANCE: ESDA BIA Page 5 of 12