Resolution 8232 - Laserfiche WebLink

2025 RESOLUTION: DOWNTOWN BIA Page 3 of 6 Section 3: The annual special assessment upon buildings and other real property, and the owners thereof, within the BIA would continue to be based on land square footage and assessed value. The proposed change to the special assessment will be by amendment to the BIA Ordinance as follows, with underlined text added to the BIA Ordinance and strikeout text deleted: The amount of the 2021 2026 annual assessment for each property shall be $0.14 $0.16 per$ 1,000 of assessed value per the Snohomish County Assessor, plus $0.09 $0.11 per land square foot. With the exception of Snohomish County property, the amount of the 2022 assessment shall be based on the previous year's assessment amount for each property and multiplied by either 3%, or multiplied by the June-to-June percent change in the Consumer Price Index— Urban (CPI- U) for the Seattle, Tacoma, Bellevue area, whichever is greater. The amount of each of the 2023, 2024, and 2025 assessments beginning in 2026 2027, 2028, 2029, and 2030 assessments shall be based on the previous year’s assessment amount for each property multiplied by either (A) one plus the June-to-June percent change in the Consumer Price Index— Urban (CPI-U) for the Seattle, Tacoma, Bellevue, with such percent change capped at five percent or (B) one plus three percent, whichever of (A) and (B) is greater. Section 4: The City Council public hearing referenced in Section 1 above, will hear all protests and receive evidence for or against the proposed action and all persons who may desire to object to the action proposed should do so in writing and file said objection with the Everett City Clerk prior to the day before the hearing, or shall appear and present their objections at the public hearing as outlined in Section 1 above. Section 5: The City Clerk shall give notice of the public hearing by: (1) one publication of the notice of hearing and copy of this resolution in a newspaper of general circulation in the City; and (2) mailing a complete copy of this resolution to the owners or reputed owners of property in the BIA whose names appear as the owners on the records of the City Treasurer, at the address for such owners as shown on the records of the City Treasurer, or at such other address for a particular owner as such owner may have previously requested in writing, or, if no address is shown there, to the address shown in the tax records of the Snohomish County Assessor. Section 6: The City Clerk is authorized to make necessary corrections to this resolution including, but not limited to, the correction of scrivener’s/clerical errors, references, numbering, section/subsection numbers, and any references thereto. _________________________________________ Councilmember introducing resolution Passed and approved this _____ day of ___________________, 2025. ______________________________________ Council President October29th