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1 <br /> Attachment C <br /> Everett Downtown Business Improvement Area (BIA) <br /> Assessment Rate <br /> January 2018—December 2020 <br /> Special assessment calculations: <br /> Special assessments will be calculated based on land square footage,as land square footage <br /> is readily available from the Snohomish County Assessor. It is also proposed that the BIA <br /> budget be funded 75%by land square footage and 25%by assessed value of property. <br /> Rate and SIA Budget: <br /> The rates of assessment for 2018 would be: <br /> $0.08 per land square foot <br /> $0.14 per$1,000 assessed value <br /> The three-year budget for January 2018 —December 2020 would be $1,273,555,which is <br /> approximately$424,518 per fiscal year. <br /> Page 7 of 8 <br /> 48 <br />