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2012 RESOLUTION to initiate creation of Everett Station District BIA <br /> Page 3 of 6 <br />00439075901100 until the ending at the intersection of the centerlines of Smith Ave and 33rd <br />St. <br />Section 2. <br />Special assessment revenues can only be used for the purposes, programs, and services allowed by RCW <br />35.87A. Primary programming, including a focus on safety, cleaning, neighborhood enhancement, <br />community development, and marketing, is shown in Attachment B. <br /> <br />Section 3. <br />A. To finance programs and services as authorized in Section 3, there is levied and shall be <br />collected an annual special assessment upon the buildings and other real property within the <br />District (and the owners thereof), as follows: <br />a. For properties which the primary land use is a hotel, the assessment on the property <br />shall be $0.04 per land square-foot plus $0.06 per gross building square-foot, based on <br />Snohomish County records for 2022. <br />b. For all other properties within the BIA boundaries, the assessment shall be $0.04 per <br />land square-foot plus $0.50 per $1,000 of total market value, based on Snohomish <br />County records for 2022. <br />B. For 2023 and each subsequent year, the total assessment on each property shall be annually <br />adjusted by an Inflationary Factor, which shall be equal to the change in the July to June <br />Consumer Price Index for All Urban Consumers in Seattle -Tacoma -Bremerton ("CPI") from <br />the Base Year. The Inflationary Factor shall be no more than five percent per year. <br />C. Real property owned by the City of Everett shall be subject to the special assessment. <br />D. Property owned by the County, State, and Federal government shall be exempt from the <br />special assessment, provided that nothing herein shall preclude the County, State, or Federal <br />government from agreeing to make payment for any such assessment. <br />E. The following properties shall also be exempt from the special assessment, provided that <br />nothing herein shall preclude such properties from agreeing to make payment for any such <br />assessment: <br />1. Residential properties that do not meet the definition of "Multifamily residential or <br />mixed-use project" and are not owned by a "Residential Operator," as defined by <br />RCW 35.87A.020; <br />2. Properties owned by an energy utility district that are used for transmitting electricity <br />or as a substation; <br />3. Publicly-owned streets and roadways; <br />4. Properties used exclusively for railroads and properties with rights related to mining <br />or future railroad use; and