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recommended by (a) a majority of the votes of the ratepayers at their annual meeting <br /> weighed by the dollar value of their assessments, (b) a petition signed by ratepayers <br /> paying a majority of the assessments, or(c) by the association itself. <br /> is hereby amended to read as follows: <br /> The activities, services and projects to be funded with the special assessment proceeds for <br /> the three years beginning July 1, 2008 through June 30, 2011, and the three year budget <br /> as set forth in the materials on file with the City Clerk, are hereby approved. There is <br /> hereby appropriated and authorized to be expended from the District Fund the sum of <br /> $196,584, or so much thereof as may be necessary, for the purposes, projects, activities, <br /> and services approved for each of the next three BIA fiscal years (July 1, 2008 through <br /> June 30, 2011). Unless otherwise authorized by the City, the total amount to be specially <br /> assessed and expended in subsequent years shall be as set forth in the budget approved by <br /> the City. The particular program and services to be provided for each subsequent period <br /> and the amount of funding thereof shall be as approved by ordinance of the City Council, <br /> after notice and hearing as provided by Section 12 of Ordinance No. 2842-05. The Mayor <br /> is hereby authorized and directed to contract with the downtown Everett Association, or <br /> similar organization, to administer projects and activities for the first year. Thereafter, the <br /> City may continue each year to contract with the Downtown Everett Association, or <br /> similar organization to administer the forthcoming annual program, unless a suitable <br /> successor organization is recommended by (a) a majority of the votes of the ratepayers at <br /> their annual meeting weighed by the dollar value of their assessments, (b) a petition <br /> signed by ratepayers paying a majority of the assessments, or(c)by the association itself. <br /> Section 2. Section 19 of Ordinance No. 2842-05, which reads as follows: <br /> The BIA and the special assessment levy therefore shall terminate within one year (or <br /> such longer period as set forth in the termination petition) from the date of submission to <br /> the City of a petition containing the signatures of the owners of property in the BIA who <br /> pay fifty percent or more of the annual special assessment amount for the BIA, requesting <br /> termination of the BIA and special assessment levy, or by Resolution and Ordinance of <br /> the City Council. The BIA and the special assessment levy therefore shall continue for a <br /> period of five years unless, at least ninety days prior to such termination, a petition is <br /> submitted to the City requesting the continued existence of the BIA, with such petition <br /> containing the signatures of the owners of property in the BIA who will pay fifty percent <br /> or more of the annual special assessment for the BIA. <br /> is hereby amended to read as follows: <br /> The BIA and the special assessment levy therefore shall terminate within one year (or <br /> such longer period as set forth in the termination petition) from the date of submission to <br /> the City of a petition containing the signatures of the owners of property in the BIA who <br /> pay fifty percent or more of the annual special assessment amount for the BIA, requesting <br /> termination of the BIA and special assessment levy, or by Resolution and Ordinance of <br /> the City Council. The BIA and the special assessment levy therefore shall continue for a <br /> 2 <br />