2005/06/29 Council Agenda Packet

EVERETT CITY COUNCIL AGENDA ITEM COVER SHEET PROJECT TITLE: ) Ordinance establishing a Consent COUNCIL BILL# � .�� ?— Downtown Business Action Originating Department Legal/Administration Improvement Area(BIA); June 15 First Reading Contact Person Ned Johnston providing for the levy of a June 22 Second Phone Number 257-8727 special assessment upon real Reading property(and the owners June 29 Third Reading FOR AGENDA OF June 15 thereof)within the area; the June 29 Public Hearing deposit of revenues in a Initialed by: special account and p Department Head expenditures therefrom, CAA providing for an Council President implementing agreement with a downtown Everett property owners association, or similar organization and repealing Ordinance No. 2079-95. Location Preceding Action Attachments Department(s) Approval Amount Budgeted Expenditure Required Account Number(s): Budget Remaining Additional Required DETAILED SUMMARY STATEMENT: 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.