2005/06/15 Council Agenda Packet

EVERETT CITY COUNCIL AGENDA ITEM COVER SHEET PROJECT TITLE: Ordinance establishing a Downtown Business Improvement Area (BIA); providing for the levy of a special assessment upon real property (and the owners thereof) within the area; the deposit of revenues in a special account and expenditures therefrom, providing for an implementing agreement with a downtown Everett property owners association, or similar organization and repealing Ordinance No. 2079-95. Location Amount Budgeted Expenditure Required Budget Remaining Additional Required 15 COUNCIL BILL # Originating Department Legal/Administration Contact Person Ned Johnston Phone Number 257-8727 FOR AGENDA OF June 15 Initialed by: Department Head CAA Council President L Preceding Action Attachments DETAILED SUMMARY STATEMENT: Account Number(s): Department(s) Approval The downtown area of the City, changed by the addition of new businesses, residential properties and condominiums and the Everett Events Center on Hewitt Avenue has created increased numbers of visitors and other activity in the downtown. The City's consultant PUMA, Inc. has recommended that the assessment method should be modified to include assessed value of the property as well and lineal footage. The advent of the new businesses along Hewitt and the increased pedestrian use of Hewitt and Broadway generated by the Events Center require that the area of Hewitt between Broadway and Rucker be made a part of any BIA. The most expeditious way of accomplishing these changes is to pass a resolution to disestablish the old BIA and establish a new BIA. The new BIA would use the new boundary description and the new assessment method of assessed value and footage. Chapter 35.87A RCW, which provides for BIAS, allows any remaining assets and liabilities of the BIA to be disposed of as the City Council sees fit. This Ordinance is part of the statutory procedure whereby the Council conducts a hearing on the disestablishment of the existing BIA and the creation of a new BIA. This Ordinance and the Resolution initiate and establish a new BIA. The Ordinance adopts a budget, provides for the BIA's operation, and levies assessments. It repeals the old Ordinance and places the old BIA assets and liabilities in the new BIA. The hearing on the Ordinance and resolution is to be held June 29, 2005 at 8:30 AM. A final Resolution of disestablishment of the old BIA and the establishment of new BIA will be considered along with this Ordinance setting up the new BIA, adopting the budget and setting the assessments for the BIA fiscal years (July 1 through June 30) 2005, 2006 and 2007. 127 A. Consent Action June 15 First Reading June 22 Second Reading June 29 Third Reading June 29 Public Hearing 15 COUNCIL BILL # Originating Department Legal/Administration Contact Person Ned Johnston Phone Number 257-8727 FOR AGENDA OF June 15 Initialed by: Department Head CAA Council President L Preceding Action Attachments DETAILED SUMMARY STATEMENT: Account Number(s): Department(s) Approval The downtown area of the City, changed by the addition of new businesses, residential properties and condominiums and the Everett Events Center on Hewitt Avenue has created increased numbers of visitors and other activity in the downtown. The City's consultant PUMA, Inc. has recommended that the assessment method should be modified to include assessed value of the property as well and lineal footage. The advent of the new businesses along Hewitt and the increased pedestrian use of Hewitt and Broadway generated by the Events Center require that the area of Hewitt between Broadway and Rucker be made a part of any BIA. The most expeditious way of accomplishing these changes is to pass a resolution to disestablish the old BIA and establish a new BIA. The new BIA would use the new boundary description and the new assessment method of assessed value and footage. Chapter 35.87A RCW, which provides for BIAS, allows any remaining assets and liabilities of the BIA to be disposed of as the City Council sees fit. This Ordinance is part of the statutory procedure whereby the Council conducts a hearing on the disestablishment of the existing BIA and the creation of a new BIA. This Ordinance and the Resolution initiate and establish a new BIA. The Ordinance adopts a budget, provides for the BIA's operation, and levies assessments. It repeals the old Ordinance and places the old BIA assets and liabilities in the new BIA. The hearing on the Ordinance and resolution is to be held June 29, 2005 at 8:30 AM. A final Resolution of disestablishment of the old BIA and the establishment of new BIA will be considered along with this Ordinance setting up the new BIA, adopting the budget and setting the assessments for the BIA fiscal years (July 1 through June 30) 2005, 2006 and 2007. 127 A.