(A) The Advisory Board shall cause to be prepared a report for each fiscal year for which assessments are to be levied and collected to pay the cost of the improvements and activities described in the report. The report may propose changes, including, but not limited to, the boundaries of the Parking and Business Improvement Area or any benefit zones within the Area, the basis and method of levying the assessments, and any changes in the classification of businesses, if a classification is used.
(B) The report shall be filed with the Clerk and shall refer to the Parking and Business Area by name, specify the fiscal year to which the report applies, and with respect to that fiscal year shall contain the following:
(1) Any proposed changes in the boundaries of the Parking and Business Improvement Area or in any benefit zones within the Area;
(2) The improvements and activities to be provided for that fiscal year;
(3) An estimate of the cost of providing the improvements and activities for that fiscal year;
(4) The method and basis of levying the assessment in sufficient detail to allow each business owner to estimate the amount of the assessment to be levied against his or her business for that fiscal year;
(5) The amount of any surplus or deficit revenues to be carried over from a previous fiscal year; and
(6) The amount of any contribution to be made from sources other than assessments levied pursuant to this part.
(C) The Council may approve the report as filed by the Advisory Board or may modify any portion contained therein and approve it as modified. The City Council shall not approve a change in the basis and method of levying assessments which would impair an authorized or executed contract to be paid from the revenues derived from the levy of assessments. After the approval of the report, the City Council shall adopt a resolution of intention to levy an annual assessment for that fiscal year. The resolution of intention shall do all of the following:
(1) Declare the intention of the City Council to change the boundaries of the Parking and Business Improvement Area, or in any benefit zone within the Area, if the report filed proposes a change;
(2) Declare the intention of the City Council to levy and collect assessments within the Parking and Business Improvement Area for the fiscal year stated in the resolution;
(3) Generally describe the proposed improvements and activities authorized by the ordinance establishing the Parking and Business Improvement Area and any substantial changes proposed to be made to the improvements and activities;
(4) Refer to the Parking and Business Improvement Area by name and indicate the location of the area;
(5) Refer to the report on file with the Clerk for a full and detailed description of the improvements and activities to be provided for that fiscal year, the boundaries of the Area and any benefit zones within the Area, and the proposed assessments to be levied upon the businesses within the Area for that fiscal year;
(6) Fix a time and place for a public hearing to be held by the City Council on the levy of the proposed assessments for that fiscal year. The public hearing shall be held not less than ten days from the adoption of the resolution of intention; and
(7) State that at the public hearing, a written or oral protest may be made.
(D) The Clerk shall give notice of the public hearing by causing the resolution of intention to be published once in a newspaper of general circulation in the city not less than seven days before the public hearing.
(1995 Code, § 8.48.080) (Ord. 12-07, passed 6-5-2012; Ord. 10-11, passed 4-6-2010; Ord. 07-12, passed 7-17-2007; Ord. 1604, passed 7-17-1990)