Ordinance 3919-22 - Laserfiche WebLink

Section 2. District Assessment. A. To finance programs and services as authorized in Section 3, there is levied and shall be collected an annual special assessment upon the buildings and other real property within the District (and the owners thereof), as follows: a. For properties which the primary land use is a hotel, the assessment on the property shall be $0.04 per land square -foot plus $0.06 per gross building square -foot, based on Snohomish County records for 2022. b. For all other properties within the BIA boundaries, the assessment shall be $0.04 per land square -foot plus $0.50 per $1,000 of total market value, based on Snohomish County records for 2022. B. For 2023 and each subsequent year, the total assessment on each property shall be annually adjusted by an Inflationary Factor, which shall be equal to the change in the July to June Consumer Price Index for All Urban Consumers in Seattle -Tacoma -Bremerton ("CPI") from the Base Year. The Inflationary Factor shall be no more than five percent per year. C. Real property owned by the City of Everett shall be subject to the special assessment. D. Property owned by the County, State, and Federal government shall be exempt from the special assessment, provided that nothing herein shall preclude the County, State, or Federal government from agreeing to make payment for any such assessment. E The following properties shall also be exempt from the special assessment, provided that nothing herein shall preclude such properties from agreeing to make payment for any such assessment: 1. Residential properties that do not meet the definition of "Multifamily residential or mixed -use project" and are not owned by a "Residential Operator," as defined by RCW 35.87A.020; 2. Properties owned by an energy utility district that are used for transmitting electricity or as a substation; 3. Publicly -owned streets and roadways; 4. Properties used exclusively for railroads and properties with rights related to mining or future railroad use; and 5. Properties designated by the Snohomish County Assessor as having a "Motor Freight Transportation" use. Section 3. Purposes and Programs. Special Assessment revenues shall be used for the authorized purposes provided by RCW 35.87A.010, as consistent with the adopted budget and approved by the Ratepayer Advisory Board, as provided in Sections 7, 8, and 14 and attachment C. All activities are supplemental to the street maintenance, law enforcement, land use planning, citywide marketing, and other services provided by the City and are not intended to displace any services regularly provided by municipal government. L 2022 ORDINANCE: ESDA BIA Page 3 of 16