Resolution 1285A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF EDMONDS,
WASHINGTON, DECLARING THE CITYS INTENT TO ESTABLISH A
BUSINESS IMPROVEMENT DISTRICT WITHIN A PORTION OF THE CITY
OF EDMONDS AND SETTING A PUBLIC HEARING DATE REGARDING
THESAME,
WHEREAS, the city council adopted a resolution to initiate a business improvement
district on November 27, 2012; and
WHEREAS, after initiating a business improvement district by resolution, the city
council mav adoDt a second resolution of intention to establish a business imDrovement district
WHEREAS, state law requires that this second resolution also establishes a date for
hearing public testimony on the proposed business improvement district; now therefore,
THE CITY COUNCIL OF THE CITY OF EDMONDS, WASHINGTON, HEREBY
RESOLVES AS FOLLOWS:
busine
Attachment A hereto, which is incorporated herth rein as if set foin full. The prop7
osed s,
improvement district includes the parcels with the tax ID numbers set forth in Attachment B
hereto, which is incorporated herein as if set forth in full.
Section 2. PROPOSED USES AND PROJECT& The proposed special assessment revenu
would be put to the followings uses and projects: I
A. Marketing & Hospitality
a. Maps/Brochures/Kiosks/Directories
b. Web Site
c. Social Media
d. Marketing/Advertising Campaigns
e. Holiday Decorations
f, Street Performers/Artists
g. Historic Education/Heritage Advocacy
h. Special Public Events
B. Safety & Cleanliness
a. Maintenance
b. Security
c. Pedestrian Environment Enhancements
C. Appearance & Environment
a. Design Enhancements
b. Neighborhood Advocacy & Communication
c. Streetscapes/Lighting/Furniture
D. Transportation
a. Transportation Alternatives
b. Directional Signage
c. Parking Management & Mitigation
E. Business Recruitment & Retention
a. Education/Seminars
b. Market Research
c. Business Recruitment
F. Organization
a. Contract Staff & Professional Services
b. Administration Costs.
Section 3. ESTIMATED RATE OF -LEVY., It is proposed that businesses within the BID would
pay special assessments. The proposed assessments would not apply to residential property or the
residential portion of mixed -use property within the BID. The proposed specia assessments
would be based on the type of business multiplied by the square footage of a business. For
special assessment purposes, there would be two business types: "open door" businesses
(restaurants, retailers, banks, etc.), and "by appointment" businesses (hair salons, doctors,
lawyers, nail salons, insurance providers, counselors, financial advisors, and others). Open door
businesses would be assessed at a higher rate than the "by appointment" service and professional
businesses. The table below shows the annual proposed special assessment levy rate for both
categories of businesses based on their square footage within the business improvement district:
Square footage Assessment for Assessment for
UOpen Door" "By Appointment"
$90 quarter ($30 per month) $3 0 quarter ($ 10 per month)
-------------------- —
$105 quarter ($35 per month) I IMEW61
----------
$60 quarter ($20 per month)
$120 quarter ($40 per month)
$135 quarter ($45 per month) $75 quarter ($25 per month)
...................
— — — - - - ------- ------------------
5000 and over $150 quarter ($50 per month) $90 quarter ($30 per month)
section 4. ESTIMATED BUDGET. Based on the -pro-posed special assessment and existing
number/types of businesses, the estimated revenue that will be generated annually is $86,000.
The Edmonds Downtown BID committee anticipates that expenditures on proposed uses and
projects references in Section 2 of this resolution will equate to revenue generated.
Section 5. PUBLIC HEARING. The City Council will hold a public hearing on the proposed
BID on January 15, 2013 to begin at approximately 7: 00 pm.
CITY F EDMONDS
EA
DAVID 0. EARLING
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