Ordinance 2097-95 - Laserfiche WebLink

• Section 4: 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), at the following rates: All ownerships with primary frontage along main access ways running north/south shall be assessed at the rate of twelve dollars($12.00) 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 twelve dollars ($12.00) equals the annual assessment. Section 5: CALCULATION OF ASSESSMENTS A. The initial assessment and subsequent annual assessments showing the rate of the special assessment, the lineal footage 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. Subsequent annual assessments, with the applicable rate, lineal footage, and total assessment for each separate ownership, may be sent by ordinary mail or delivered by the City to the owner or reputed owner as shown on the records of the City Treasurer, and if no address is shown there, to the address shown in the tax records of the Snohomish County Assessor. It will be presumed that ownership and the address of any owner or reputed owner remains the same as at the time of mailing of the initial annual assessment unless the City Treasurer receives written notice of a change in the address of the owner to which the assessment notice is to be mailed. Duplicate notices will be mailed upon request of the owner to the owner's named representative at the address given in such written request of the owner. B. In the event the annual budget approved is greater or less than the funds which will be available from the total of all assessments within the District for such annual period, calculated at the assessment rates as set forth in Section 4 of this ordinance, then such rates shall be adjusted on a pro rata basis in an amount which, when multiplied by the total assessable lineal footage in the District, will produce a total sum equal to the approved total budget amount for the annual period for which the special assessment is being made. Any increase of the assessment rate in order to produce a total assessment equal to the approved annual budget will not exceed the maximum assessment rates as set forth in Section 4 of this ordinance (and as Section 4 may be amended), except to the extent that such excess amount is equal to or less than the inflation in prices which has occurred since the date of the first annual assessment, as measured by the Consumer Price Index more specifically defined in BUSINESS IMPROVEMENT AREA ORDINANCE Page 3