Downtown Everett Association 3/15/2018 Amendment 1

The Mayor. or the Mayor's designee, shall administer the District for the City, with authority to: A. Determine the land square footage and assessed land value(according to the records of the Assessor of Snohomish County), of property for assessment purposes; B. Collect the special assessments, refund special assessments when overpaid, and extend the deadline for payment and/or waive delinquency charges whenever the delinquency is the result of the failure by the City to provide a statement of the amount due, or nonpayment results from extenuating circumstances beyond the ratepayer's control, such as a casualty loss, causing bankruptcy: C. Determine and apply the interest rate for late payments contemplated by Section 17; D. Take other such action as is necessary and appropriate to carry out contemplated programs with special assessments; E. Direct the appropriate officers of the City to pursue collection procedures, including bringing legal civil actions in district or superior court to collect any unpaid assessments and to collect such unpaid assessments by foreclosure action against the property on which it is assessed in accordance with laws applicable to foreclosure of local improvement district liens. and/or to collect by civil action such unpaid assessment by judgment against the owner owing the assessment. F. Call and conduct an annual meeting of rate payers each year so as to obtain information to assist in the administration of the BIA. Section 12. Annual Budget/Annual Assessment Amount. After consultation, as may be provided in the management contract, with the Downtown Everett Association, or similar organization, the Mayor or the Mayor's designee shall submit to the City Council, on or before November 1 of any year, or as soon thereafter as practicable. a statement of the proposed programs and activities to be conducted during the ensuing fiscal year, the proposed annual budget. and a statement of any adjustment to the assessment rates required for financing the proposed activities and budget for the ensuing fiscal year. The City Council. after receipt of the proposed budget, will adopt a resolution setting the time and place for a hearing to be held by the City Council to consider the proposed activities and budget. Notice of the hearing shall be given by (1) publication of the notice of hearing in a newspaper of general circulation in the City: and (2) mailing a copy of the proposed activities, budget, and assessment rates for the ensuing fiscal year to the owner or reputed owner of the property in the District whose names appear as the owners on the records of the City Treasurer. or at such other address for a particular owner as shown on the records of the City Treasurer, or at such other address for a particular owner as such owner may have previously requested in writing, or, if no address is shown there. to the address shown in the tax records of the Snohomish County Assessor. At the time fixed for the hearing, and at the times to which the hearing may be adjourned, the Council may correct, revise. modify. and amend the proposed activities, budget, and assessment, and thereafter, by ordinance or resolution, approve the activities, budget, and assessment as proposed or as modified, and billings for the ensuing annual assessment shall be mailed to the property owners in the District. Page 5 of 11