Ordinance 3919-22 - Laserfiche WebLink

The Ratepayer Advisory Board shall meet at least once quarterly; approve the annual recommended budget and work plan; address and discuss Ratepayer concerns and questions regarding the ESDA BIA programs; review all reports to be submitted to the City; and host an Annual Ratepayers' Meeting. The Ratepayer Advisory Board shall notify ratepayers of the date, time, and location of the Annual Ratepayers' Meeting at least thirty (30) days prior. At the Annual Ratepayers' Meeting, the Board shall present its recommended budget and work plan for the next year. Following a presentation and an opportunity for amendment by a two-thirds vote (of assessed value), by the ratepayers present at the Annual Ratepayers' meeting, the Board shall submit the recommended annual budget and work plan to the City Finance Director. Section 15. Termination of BIA. The BIA and the special assessment levy therefore shall terminate within one year (or such longer period as set forth in the termination petition) from the date of submission to the City of a petition containing the signatures of the owners of property in the BIA who pay fifty percent or more of the annual special assessment amount for the BIA, requesting termination of the BIA and special assessment levy, or by Resolution and Ordinance of the City Council. The BIA and the special assessment levy therefore shall continue for a period of five years from the effective date of this ordinance unless, at least ninety days prior to such termination, a petition is submitted to the City requesting the continued existence of the BIA, with such petition containing the signatures of the owners of property in the BIA who will pay sixty percent or more of the annual special assessment for the BIA, or the City Council gives notice of intent to extend the BIA through resolution and public hearing, pursuant to Chapter 35.87A RCW. Section 16. Disestablishment of Area — Assets and Liabilities. In accordance with RCW 35.87A.190, upon disestablishment, termination, and dissolution of the BIA, any proceeds of the special assessments or assets acquired with such proceeds, or liabilities incurred as a result of the formation of such BIA, shall be subject to disposition as the City Council shall determine; provided, however, that any liabilities, either current or future, incurred as a result of action taken to accomplish the purposes of RCW 35.87A.010 or the purposes of the BIA shall be the sole obligation of the ESDA BIA Fund, and such liability shall be provided for entirely from available revenues generated from the special assessments under this ordinance. Section 17. Expansion of BIA The boundaries of the BIA shall not be expanded without Council's approval, following the same procedures, including notice to affected property owners, as is required for establishment of the original BIA. Section 18. Corrections. The City Clerk and the codifiers of this Ordinance are authorized to make necessary corrections to this Ordinance including, but not limited to, the correction of scrivener's/clerical errors, references, ordinance numbering, section/subsection numbers, and any internal references. Section 19. Severability. The City Council hereby declares that should any section, paragraph, sentence, clause, or phrase of this ordinance be declared invalid for any reason, it is the intent of the City Council that it would have passed all portions of this ordinance independent of the elimination of any such portion as may be declared invalid. 2022 ORDINANCE• ESDA BIA Page 8 of 16