Resolution 4149 - Laserfiche WebLink

Section 7: The City of Everett may contract with the Everett Uptown Property Owners or similar business association or entity to administer all or a portion of the operation of the business improvement activities programs which are to be funded, in the manner as to be more specifically set forth in the BIA ordinance. A Rate Payers Committee made up of representatives of property owners within the BIA may be established to work closely with the Chamber of Commerce and City Council to assess how the BIA program is progressing and what, if any, changes should be made, and how each annual BIA budget should be structured. Section 8: The total annual cost for all programs and activities to be funded in the BIA by the special assessment levy is estimated to be not more than One Hundred Fifty Thousand Dollars ($150,000.00). Section 9: The BIA and the special assessment levy therefor would terminate within one year (or such longer period as set forth in the termination petition) from the date of submission to the City of a petition containing the signatures of the owners of property in the BIA who pay fifty percent or more of the annual special assessment amount for the BIA requesting termination of the BIA and special assessment levy. The BIA and the special assessment levy therefor would continue for a period of only ten years, unless at least ninety days prior to such termination, a petition is submitted to the City requesting the continued existence of the BIA, with such petition containing the signatures of the owners of property in the BIA who will pay fifty percent or more of the annual special assessment for the BIA. Section 10: The City Clerk shall provide for publishing this initiation resolution as may be provided by law. Section 11: This initiation resolution does not constitute adoption or approval of a BIA ordinance or of a first Annual BIA Budget. 6 II Cl I erson In : s ucing Resolution PASSED and APPROVED this 9th day of August , 1995. Council President C:\MSOFFICE\WINWORD\DATA\BIA\BIA RES2.DOC DOWNTOWN BIA INITIATION RESOLUTION Page 3