Downtown Everett Association 3/15/2018 Amendment 1

B. Maintenance and appearance enhancement of common areas, such as the sweeping and clearing of sidewalks. the removal or covering of graffiti, the removal or prevention of litter, and such other related activities or services which would enhance the appearance of the area and encourage the general public to increasingly visit and do business in the 131A. C. Operation of a program for economic development of the BIA. D. Other improvements considered necessary by the governing body of property ownei:s. Section 5. 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). as follows: The annual assessment shall use land square footage and assessed value. Seventy-five percent (75%)ol'the annual BIA revenue shall be based on land square footage of each individual property within the geographical limits of the BIA and twenty-five percent(25%)of the annual BIA revenue shall be based on the assessed value of each individual property within the geographical limits of the B]A. Properties which have already had levied upon them an assessment up to July 1, 2018 under the old BIA established under Ordinance No. 2842-05, or levied an assessment for those properties partially within that old BIA, shall be assessed only at a pro-rated amount such that they will not be double-assessed up to July 1. 20]8. Transfer of assets and assumption of liabilities for the BIA established under Ordinance No. 2842-05 to the BIA established under this ordinance is detailed in Section 22 herein. Section 6. Calculation of Assessments. • A. The initial assessment and subsequent annual assessments showing the rate of the special assessment, the land square footage and assessed value 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 or the records of the City of Everett. Subsequent annual assessments, with the applicable rate, land square footage and assessed value, 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, 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 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 Page 3 of 11