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15 <br />delivered by the City to the owner or reputed owner as shown on the records of the City, and if <br />no address is shown there, to the address shown in the tax records of the Snohomish County <br />Assessor. It will be presumed that ownership and the address of any owner or reputed owner <br />remains the same as at the time of mailing of the initial annual assessment unless the City <br />receives written notice of a change in the address of the owner to which the assessment notice is <br />to be mailed. <br />Duplicate notices will be mailed upon request of the owner to the owner's named <br />representative at the address given in such written request of the owner. <br />B. In the event the annual budget approved is greater or less than the funds which will be <br />available from the total of all assessments within the District for such annual period, calculated at <br />the assessment rates as set forth in Section 4 of this ordinance, then such rates shall be adjusted <br />on a pro rata basis in an amount which,'when multiplied by the total assessable lineal footage and <br />assessed value in the District, will produce a total sum equal to the approved total budget.amount <br />for the annual period for which the special assessment is being made. . Any unexpended and <br />unobligated budgeted amount remaining at the end of any annual assessment period, and any <br />assessments or funds collected and deposited in the District Fund in excess of the amount <br />authorized to be expended for the annual assessment period in which such excess amounts are <br />received may be expended as may be authorized by the next annual BIA budget approved by the <br />City Council, or as may be authorized by amendment to the current annual budget pursuant to <br />Section 20 of this ordinance. <br />Section 7. EXEMPTIONS. <br />Property owned by the State and federal government shall be exempt from the special <br />assessment, provided that nothing herein shall preclude the State or federal government from <br />agreeing to make payment for any such assessment. <br />Section 8. COLLECTION SCHEDULE. <br />Insofar as is consistent with this ordinance and Chapter 35.87A RCW, special assessments shall <br />be collected on an monthly basis, with payments due 30 days from the date of billing, or the first <br />City business day thereafter, or within thirty days after the mailing to the property owner of the <br />first notice of the amount of the quarterly special assessment due (whichever date is later). Upon <br />termination of the BIA, pursuant to Section 19 or otherwise, no refunds for overpayments of <br />assessments shall be made to persons paying such overpayments unless there are sufficient funds <br />in the District Fund to pay such overpayments, after payment of all other costs, debts, or <br />liabilities incurred on or payable from the District Fund. If there are sufficient funds remaining <br />to refund some of the overpayments, but not all, such refunds shall be pro rated among those who <br />have made timely claims pursuant to Section 16 hereof and are entitled to refunds for <br />overpayment. <br />Section 9. DEPOSIT INTO FUND. <br />1-32 4 <br />