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<br /> conducted during the ensuing fiscal year, the proposed annual budget, and a statement of
<br /> any adjustment to the assessment rates required for financing the proposed activities and
<br /> budget for the ensuing fiscal year. The City Council, after receipt of the proposed budget,
<br /> will adopt a resolution setting the time and place for a hearing to be held by the City
<br /> Council to consider the proposed activities and budget. Notice of the hearing shall be given
<br /> by: (1) one publication of the notice of hearing in a newspaper of general circulation in the
<br /> City; and (2) mailing a copy of the proposed activities, budget, and assessment rates for the
<br /> ensuing fiscal year to the owner or reputed owner of property in the District whose names
<br /> appear as the owners on the records of the City Treasurer, at the address for such owners as
<br /> shown on the records of the City Treasurer, or at such other address for a particular owner
<br /> as such owner may have previously requested in writing, or, if no address is shown there, to
<br /> the address shown in the tax records of the Snohomish County Assessor. At the time fixed
<br /> for the hearing, and at the times to which the hearing may be adjourned, the Council may
<br /> correct, revise, modify, and amend the proposed activities, budget, and assessment, and
<br /> thereafter, by ordinance or resolution, approve the activities, budget, and assessment as
<br /> proposed or as modified, and billings for the ensuing annual assessment shall be mailed to
<br /> the property owners in the District.
<br /> Section 13: APPROVAL OF EXPENDITURES/CONTRACT FOR
<br /> PROGRAM MANAGEMENT.
<br /> The activities, services and projects to be funded with the special assessment proceeds for
<br /> the first year, and the first annual budget as set forth in the materials on file with the City
<br /> Clerk, are hereby approved. There is hereby appropriated and authorized to be expended
<br /> from the District Fund the sum of$131,600.00, or so much thereof as may be necessary, for
<br /> the purposes, projects, activities, and services approved for the first year. Unless otherwise
<br /> authorized by the City, the total amount to be specially assessed and expended in
<br /> subsequent years shall be as set forth in the annual budget approved by the City. The
<br /> particular program and services to be provided for each subsequent annual period and the
<br /> amount of funding thereof shall be as approved by ordinance of the City Council, after
<br /> notice and hearing as provided by Section 12 hereof. The Mayor is hereby authorized and
<br /> directed to contract with the downtown Everett property owners association, or similar
<br /> organization, to administer projects and activities for the first year. Thereafter, the City
<br /> may continue each year to contract with the downtown Everett property owners
<br /> association, or similar organization, to administer the forthcoming annual program, unless a
<br /> suitable successor organization is recommended by (a) a majority of the votes of the
<br /> ratepayers at their annual meeting weighed by the dollar value of their assessments, (b) a
<br /> petition signed by ratepayers paying a majority of the assessments, or (c) by the association
<br /> itself
<br /> Section 14: RATE CHANGES.
<br /> Any change in the assessment shall only be made by ordinance and as authorized in RCW
<br /> 35.87A.130-140. To prevent reduction in services due to inflation in prices, the City may
<br /> from time to time, upon the recommendation of the advisory board, and by ordinance,
<br /> BUSINESS IMPROVEMENT AREA ORDINANCE Page 6
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