Resolution 5277 - Laserfiche WebLink

ATTACHMENT A DOWNTOWN EVERETT BUSINESS IMPROVEMENT AREA BUDGET FOR CALENDAR YEAR 2003 REVENUES 2003 assessment (reflecting 25% reduction) $97,500 Transfer from City BIA Assessment balance $32,500 Appropriation from Downtown Everett Association $45,000 TOTAL $170,000 EXPENDITURES CLEANING AND MAINTENANCE OF 100,000 DOWNTOWN (cleaning sidewalks, alleys, weeding, emptying trash containers, removing graffiti, pressure washing sidewalks, etc.) MARKETING 65,000 (support and promotion of major downtown events) PUBLIC SAFETY 2,000 (Funding for additional lighting, sidewalk repair) INSURANCE 1,000 CONTINGENCIES 2,000 TOTAL $170,000 ATTACHMENT B DOWNTOWN EVERETT BUSINESS IMPROVEMENT AREA SPECIAL ASSESSMENT FOR THE YEAR 2003 To finance programs and services authorized in Attachment A, there is levied and shall be collected annual special assessments upon the buildings and other real property within the Downtown Everett Business Improvement Area(and the owners thereof), at the following rates: All ownerships with primary frontage along main access ways running north/south shall be assessed at the rate of nine dollars ($9.00)per lineal front foot per year. All ownerships with primary frontage along main access ways running east/west shall be assessed on the basis of a weighted lineal front-foot calculation, as follows: (Length of ownership's east/west lineal front footage divided by the total length of east/west front footage from the closest right-of-way line of the closest north/south main access way to the closest alley right-of-way line) multiplied by the north/south depth of ownership multiplied by nine dollars ($9.00) equals the annual assessment.