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Subsequent annual assessments, with the applicable rate, land square footage and assessed <br /> value,and total assessment for each separate ownership,may be sent by ordinary mail or delivered <br /> by the City to the owner or reputed owner as shown on the records of the City, and if no address <br /> is`shown there, to the address shown in the tax records of the Snohomish County Assessor. It will <br /> be presumed that ownership and the address of any owner or reputed owner remains the same as <br /> at the time of mailing of the initial annual assessment unless the City receives written notice of a <br /> change in the address of the owner to which the assessment notice is to be mailed. <br /> Duplicate notices will be mailed upon request of the owner to the owner's named <br /> representative at the address given in such written request of the owner. <br /> B. In the event the annual budget approved is greater or less than the funds which will be <br /> available from the total of all assessments within the District for such annual period, calculated at <br /> the assessment rates as set forth in Section 4 of this ordinance,then such rates shall be adjusted on <br /> a pro rata basis in an amount which, when multiplied by the total assessable land square footage <br /> and assessed value in the District, will produce a total sum equal to the approved total budget <br /> amount for the annual period for which the special assessment is being made. Any unexpected and <br /> unobligated budgeted amount remaining at the end of any annual assessment period, and any <br /> assessments or funds collected and deposited in the District Fund in excess of the amount <br /> authorized to be expended for the annual assessment period in which such excess amounts are <br /> received may be expended as may be authorized by the next annual BIA budget approved by the <br /> City Council, or as may be authorized by amendment to the current annual budget pursuant to <br /> Section 20 of this ordinance. <br /> Section 3. Section 13 of Ordinance No. 2842-05, as amended by Section 1 of Ordinance No. <br /> 3'075=08, Section 1 of Ordinance No. 3222-11, and Section 1 of Ordinance No. 3381-14 which <br /> reads as follows: <br /> The purposes, activities, services, and projects to be funded with the special assessment proceeds <br /> for the three years beginning July 1, 2014 through June 30, 2017, and the three year budget as set <br /> forth'in Resolution No. 6730, on file with the City Clerk, are hereby approved. There is hereby <br /> appropriated and authorized to be expended from the District Fund the sum of$196,584, or so <br /> much thereof as may be necessary, for the purposes, activities, services, and projects approved for <br /> each of the next three BIA fiscal years (July 1, 2014 through June 30, 2017). Unless otherwise <br /> authorized by the City,the total amount to be specially assessed and expended in subsequent years <br /> shall be as set forth in the budget approved by the City. The particular program and services to be <br /> provided for each subsequent period and the amount of funding thereof shall be as approved by <br /> ordinance of the City Council after notice and hearing as provided by Section 12 of Ordinance No. <br /> 2842-05. The Mayor is hereby authorized and directed to contract with the Downtown Everett <br /> Association, or similar organization, to administer funds for the approved purposes, activities, <br /> services,and projects for the first year. Thereafter the City may continue each year to contract with <br /> the;Downtown Everett Association or similar organization to administer the forthcoming annual <br /> program,,unless a suitable successor organization is recommended by (a) a majority of the votes <br /> of the ratepayers at their annual meeting weighed by the dollar value of their assessments, (b) a <br /> petition signed by ratepayers paying the majority of the assessments,or(c)by the association itself <br /> is hereby amended to read as follows: <br /> Page 3 of 7 <br />