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2022 RESOLUTION: Intention to Establish Everett Station District BIA <br />Page 4 of 8 <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 <br />5.Properties designated by the Snohomish County Assessor as having a “Motor Freight <br />Transportation” use. <br />Section 9. <br />The City Council, at the December 14, 2022, public hearing, will hear all protests and receive evidence for <br />or against the proposed action and all persons who may desire to object to the action proposed should <br />do so in writing and file said objection with the Everett City Clerk prior to December 14, 2022, or shall <br />appear and present their objections at the public hearing. <br />Section 10.