2005/06/15 Council Agenda Packet

15 operation of property ownership as a business, including but not limited to the operation of property ownership either as a landlord or owner -occupied enterprise. Section 4. PURPOSES AND PROGRAMS. Special assessment revenues shall only be used for the following types of purposes, programs, and services, administrative, and collection costs associated therewith: A. The operation of a security program to provide enhanced security for common areas and for people, which may include, but is not limited to, dissemination of information relative to security and for the purpose of generating favorable publicity, and to promote the BIA and the property and businesses therein as a clean, safe and inviting area; to the providing of additional security through a combination of public and private personnel and facilities, and such other measures or activities as will accomplish the above -stated objectives, and also assist in changing the perception that the BIA is an undesirable or unsafe area. B. Maintenance and appearance enhancement of common areas, such as the sweeping and cleaning of sidewalks, the removal or covering of graffiti, the removal or prevention of litter, and such other related activities or services which would enhance the appearance of the area and encourage the general public to increasingly visit and do business in the BIA. C. Operation of a program for economic development of the BIA. D. Other improvements considered necessary by the governing body of property owners. Section 5.. LEVY OF SPECIAL ASSESSMENT. To finance programs and services authorized in Section 3, there is levied and shall be collected annual special assessment upon the buildings and other real property within the District (and the owners thereof), as follows: The annual assessment shall use lineal footage and assessed value. Seventy percent (70%) of the annual BIA revenue shall be based on lineal footage of each individual property within the geographical limits of the BIA and thirty percent (30%) of the annual BIA revenue shall be based on the assessed value of each individual property within the geographical limits of the BIA. Section 6. CALCULATION OF ASSESSMENTS. A. The initial assessment and subsequent annual assessments showing the rate of the special assessment, the lineal footage and assessed value on which it is calculated, and the total assessment for each separate ownership, shall be mailed to the owner or reputed owner whose name appears as the owner on the tax rolls of the Snohomish County Assessor and at the address for such owner as shown on the tax rolls of the Snohomish County Assessor or the records of the City of Everett.. Subsequent annual assessments, with the applicable rate, lineal footage and assessed value, and total assessment for each separate ownership, may be sent by ordinary mail or 3 131