Seattle City Council Resolutions
Information modified on April 10, 2013; retrieved on March 29, 2024 8:53 AM
Resolution 31437
Title | |
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A RESOLUTION of intention to establish a Downtown Parking and Business Improvement Area, and fixing a date and place for a hearing thereon. |
Description and Background | |
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Current Status: | Adopted |
Fiscal Note: | Fiscal Note to Resolution 31437 |
Index Terms: | DOWNTOWN, CENTRAL-BUSINESS-DISTRICT, BELLTOWN, INDUSTRIAL-DISTRICT, BUSINESS-IMPROVEMENT-AREAS, ASSESSMENT |
References: | Related: Council Bill 117736, Resolutoin 31436, Clerk File 312838 |
Legislative History | |
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Sponsor: | BURGESS | tr>
Date Introduced: | March 18, 2013 |
Committee Referral: | Government Performance and Finance |
Committee Action Date: | March 20, 2013 |
Committee Recommendation: | Adopt |
Committee Vote: | 3 (Burgess, Clark, Licata) - 0 |
City Council Action Date: | March 25, 2013 |
City Council Action: | Adopted |
City Council Vote: | 9-0 |
Date Filed with Clerk: | March 25, 2013 |
Signed Copy: | PDF scan of Resolution No. 31437 |
Text | |
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WHEREAS, the operators of businesses, multi-family residential, or mixed use properties that are subject to 60 percent or more of the special assessments that would be assessed upon the establishment of a Business Improvement Area filed a petition with The City of Seattle pursuant to Chapter 35.87A RCW, and said petition is filed in C.F. 312838; and WHEREAS, upon reviewing the petition, the City Council determined it is in the best interests of the City to proceed, as permitted by Chapter 35.87A.030, under the Resolution method of creating a new and expanded Downtown Parking and Business Improvement Area to be known as the Metropolitan Improvement District ("MID") instead of the petition method; and WHEREAS, the City Council introduced Resolution 31436 on March 18, 2013, initiating the MID; and WHEREAS, the City Council wishes to declare its intent to establish the MID, and to set a public hearing for the public and all affected persons to consider its establishment; NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF SEATTLE THAT: Section 1. The City Council of The City of Seattle declares its intention to establish the Downtown Parking and Business Improvement Area in accordance with Chapter 35.87A RCW to be known as the Metropolitan Improvement District ("MID"). Section 2. The MID shall be within the following boundaries as shown on the map attached as Exhibit A (when a street or alley is named, the area boundary is the centerline of the right-of-way including vacated portions unless otherwise specified in the description): From the corner of Elliott Avenue and Denny Way, proceed west to Elliott Bay; then proceed south along the waterfront to Alaskan Way and Broad Street; then proceed south along Alaskan Way, including the piers, to South King Street; then proceed east on South King Street to Railroad Way South; then proceed southeast along Railroad Way South to 1st Avenue South; then proceed east along southern boundary of parcel number 7666206851 to Occidental Avenue South; then proceed north on Occidental Avenue South to South King Street; then proceed east on South King Street, including properties on the south side of South King Street, to 4th Avenue South; then proceed north on 4th Avenue South to South Washington Street; then proceed east on South Washington Street to 6th Avenue South; then proceed north along 6th Avenue South and 6th Avenue to Marion Street; then proceed north along Interstate-5 to Denny Way; then proceed west along Denny Way to Elliott Avenue. In case of a conflict between the description of the area and the map, the description shall control. Section 3. Programs. Special Assessment revenues shall be used for the following component programs: 1. Clean Services 2. Safety Outreach and Hospitality 3. Marketing and Communications Services 4. Businesses Development and Market Research Services 5. Transit, Bike and Parking Services 6. Management. The listing of services is illustrative and not exclusive. All such activities are supplemental to street maintenance and law enforcement provided by the City and are not intended to displace any services regularly provided by municipal government. Section 4. Ratepayers Advisory Board. There shall be an advisory board whose membership is comprised of Ratepayers representative of the variety of locations, sizes and classifications of Ratepayers in the District. Section 5. To finance the programs authorized in Section 3, there is proposed to be levied upon and shall be collected from the operators of business property, multi-family residential property (buildings containing four or more residential units), and mixed-use property (multi-family residential and commercial) located within the boundaries of the MID described in Section 2, a ten-year special assessment. Ratepayers will be assessed by the City for ten annual installments beginning with the base year of the authorization (2013-2014), by applying an assessment rate to each ratepayer as described below: A. Base Year Assessment = ($0.32 x Land Square Footage) + ($0.37 x (Total Taxable Value (Land + Improvements)/$1,000)). This calculation is called the "Base Formula." Records for the initial assessment calculation are based on information provided by the King County Assessor's office for the year 2012. Modifications or limitations to the Base Year Assessments are described below. B. TAV Ceiling. No Base Year Assessment for any individual parcel shall exceed an amount equal to ($1.84 x (Total Appraised Value/$1,000)). This rate is called the "TAV Ceiling." C. Building Square Footage Ceiling. No Base Year Assessment for any individual parcel shall exceed an amount equal to ($0.17 x Net Building Square Footage). This rate is called the "Building Square Footage Ceiling." D. Special Assessment Ceiling Rate. For the following special classifications of Ratepayers (using King County Assessor's Present Use Code), a Special Assessment Ceiling Rate as set forth below shall be applied to the Base Year Assessment: 1. Hotel Room Ceiling: $80 per room 2. Residential Unit Ceiling: $125 per unit. This ceiling applies equally to owned (i.e., condominium) and to rental (i.e., apartment) units. 3. Surface Parking Ceiling: ($0.70 x (Total Appraised Value/$1,000)) E. If the Total Appraised Value and Total Taxable Value in the King County Assessor's records are not equal, then using the King County Assessor's notations about "Tax Value Reason" (TVR), nonprofit rates or other special criteria may apply under the following rules: 1. If TVR is "OP" (Operating Property), then use Appraised Value. 2. If TVR is "HP" (Historic Property), then use Taxable Value. 3. If TVR is "NP" (Nonprofit Org.), then use Taxable Value and calculate the Base Year Assessment as 25% of the Base Formula. 25% of the Base Formula is called the Nonprofit Rate. 4. If TVR is "EX" or "MX" (Exempt from Taxes), then review the property in detail, and: a. If the property is owned and operated by a governmental organization, it is exempt from mandatory MID assessment. b. If the property is owned and operated by a nonprofit organization, the Base Year Assessment is calculated using Taxable Value and the Nonprofit Rate. c. If the property is owned by a for profit organization, the Base Year Assessment is calculated using Appraised Value. d. For the following properties, special circumstances require assessment calculations reflecting the unique nature of the ownership and use for each property. i. For 2821 Alaskan Way and related overwater parcels, known as Pier 70 Ainsworth & Dunn Wharf: a. PIN#7666202292 is exempt; b. PIN#7666202290 will be assessed normally. ii. For 2411 Alaskan Way and related overwater parcels, known as Edgewater Inn: a. PIN#7666202310 will be assessed normally; b. PIN#7666202312 is exempt; c. PIN#7666202315 is exempt; d. PIN#7666202317 is exempt. iii. For 1515 Alaskan Way and related overwater parcels, known as Pier 59 Seattle Aquarium: a. PIN#7666202420 will be assessed at the nonprofit rate; b. PIN#7666202422 is exempt. iv. For 1301 Alaskan Way and related overwater parcels, known as Pier 57 Bay Pavilion: a. PIN#7666202433 is exempt; b. PIN#7666202435 will be assessed normally. v. For 1201 Alaskan Way and related overwater parcels, known as Piers 55 & 56: a. PIN#7666202485 will be assessed normally; b. PIN#7666202487 is exempt. vi. For 1003 Alaskan Way and related overwater parcels, known as Pier 54 Ivars Acres of Clams: a. PIN#7666202495 will be assessed normally; b. PIN#7666202497 is exempt. vii. 1301 Fifth Avenue (King County PIN#0002400003), known as RAINIER PLAZA FAIRMONT OLYMPIC HOTEL will be assessed at 450 rooms multiplied by the Hotel Room Ceiling (initially $80/room/year and subject to the Inflationary Factor according to the provisions of this ordinance). viii. For 1326 Fifth Avenue and related parcels (King County PIN#0002400002), known as SKINNER-IBM-WASH-COBB-FIN-BLDS: a. COBB BLDG RENOVATION TO APTS; SKINNER BLDG; FINANCIAL TOWER; I B M BLDG; PUGET SOUND PLAZA will be assessed at $0.0875/Net Building Square Foot. This rate will increase at the same Inflationary Factor as applied other properties according to this ordinance. ix. For 1415 Seneca Street (King County PIN#0942000170), known as Olympic Hotel Parking Garage the assessment will be calculated using Total Appraised Value (TAV) instead of Total Taxable Value in the Base Formula. 5. If TVR is blank, then use Taxable Value. F. When more than one Assessment Ceiling Rate applies to a single parcel, Ratepayers shall pay the lesser of the applicable Assessment Ceilings. G. Properties owned by governmental entities and public utilities will not be assessed except as provided in subsection E.4. H. To maintain the current level of services and benefits provided by MID, annual assessment rate increases shall be applied consistent with this subsection. 1. Assessments in the second and third assessment years, as adjusted pursuant to this subsection, shall be based upon the same property values as in the first assessment year. In the fourth assessment year (2016-2017), the Base Formula shall be calculated using the most recent Total Appraised Value, Total Taxable Value, Land Square Footage, Net Building Square Footage, and other information from the King County Assessor's Office, or the commensurate values from the first assessment year, whichever is greater. Assessments in the fifth and sixth assessment years, as adjusted pursuant to this subsection, shall be based upon the same property values as in the fourth assessment year. In the seventh assessment year (2019-2020), the Base Formula shall be calculated using the most recent Total Appraised Value, Total Taxable Value, Land Square Footage, Net Building Square Footage, and other information from the King County Assessor's Office, or the commensurate values from the first or fourth assessment years, whichever is greater. Assessments in the eighth, ninth, and tenth assessment years, as adjusted pursuant to this subsection, shall be based upon the same property values as in the seventh assessment year. 2. After the first assessment year, the Land Square Footage rate, and the ceilings for TAV, Building Square Footage, Hotel Room, and Residential Unit rates shall be adjusted by an Inflationary Factor, which will be equal to the change in the annual Consumer Price Index for All Urban Consumers in Seattle -Tacoma -Bremerton ("CPI"), or three percent per year, whichever is less, subject to the following conditions: a. Second Assessment Year (2014 -2015): The Inflationary Factor will be calculated using the change in the annual CPI from 2012 to 2013. b. Third Assessment Year (2015 -2016): The Inflationary Factor will be calculated using the change in the annual CPI from 2013 to 2014. c. Fourth Assessment Year (2016 -2017): The Inflationary Factor will be calculated using the change in the annual CPI from 2014 to 2015. d. Fifth Assessment Year (2017 -2018): The Inflationary Factor will be calculated using the change in the annual CPI from 2015 to 2016. e. Sixth Assessment Year (2018 -2019): The Inflationary Factor will be calculated using the change in the annual CPI from 2016 to 2017. f. Seventh Assessment Year (2019 -2020): The Inflationary Factor will be calculated using the change in the annual CPI from 2017 to 2018. g. Eighth Assessment Year (2020 -2021): The Inflationary Factor will be calculated using the change in the annual CPI from 2018 to 2019. h. Ninth Assessment Year (2021 -2022): The Inflationary Factor will be calculated using the change in the annual CPI from 2019 -2020. i. Tenth Assessment Year (2022 -2023): The Inflationary Factor will be calculated using the change in the annual CPI from 2020 to 2021. 3. Notwithstanding the provisions of subsection H.2, the following shall apply: a. The Base Formula rate for the Total Taxable Value portion of the calculation will not exceed $0.37. b. The Base Formula rate for the Land Square Footage portion of the calculation will not exceed $0.32 x the cumulative Inflationary Factor. c. The TAV Ceiling rate will not exceed $1.84 x the cumulative Inflationary Factor. d. The Building Square Footage Ceiling rate will not exceed $0.17 x the cumulative Inflationary Factor. e. The Hotel Room Ceiling rate will not exceed $80 x the cumulative Inflationary Factor. f. The Residential Unit Ceiling rate will not exceed $125 x the cumulative Inflationary Factor. g. The Surface Parking Ceiling rate will not exceed $0.70. h. In applying annual rate increases to Ratepayers' assessments, any revisions to Base Formula and assessment ceiling rates will be rounded to the nearest one-hundredth of one cent ($0.0001). 4. "New benefit areas" shall be added to the assessment roll on an annual basis, as follows. A "new benefit area" is created when a parcel's net building square footage increases as a result of either a new building or expansion of an existing building. A new benefit area shall be added to the MID assessment roll as of July 1 if its value has been added to the King County Assessor assessment roll during the preceding year. The new benefit area shall be assessed according to the Base Formula factors and Assessment Ceiling rates in effect during the assessment year. Section 6. A hearing shall be held on this matter before the Government Performance and Finance Committee in the City Council Chambers, City Hall, 600 Fourth Avenue, 2nd Floor, Seattle, Washington 98104 on Tuesday, April 16, 2013, at 5:30 p.m., or as soon thereafter as the same may be heard. The City Council will hear all protests and receive all evidence for or against the proposed action. Section 7. The City Clerk is requested to publish this Resolution in a newspaper of general circulation in Seattle and mail a complete copy of this Resolution to each prospective Ratepayer within the proposed area, at least ten days prior to the hearing. The notice shall include a statement that a copy of the proposed ordinance, with attachments, may be examined electronically at http://www.seattle.gov/leg/clerk/ on the Internet, or in paper form at the Office of the City Clerk, City Hall, 600 Fourth Avenue, 3rd Floor, Seattle, Washington 98104, or will be mailed upon request. Adopted by the City Council the ____ day of ____________________, 2013, and signed by me in open session in authentication of its adoption this________ day of ______________________, 2013. _________________________________ President ___________of the City Council Filed by me this ____ day of ________________________, 2013. ____________________________________ Monica Martinez Simmons, City Clerk (Seal) Teri Allen FAS MID DBIA Intention to Establish RES March 13, 2013 Version #5a Exhibit A: Metropolitan Improvement District -Service Area Boundaries EXHIBIT A. Metropolitan Improvement District --Service Area
The renewed and expanded Metropolitan Improvement District will cover the area generally between Elliott Bay and Interstate-5, and between Denny Way and the sports stadiums to the south. |
Attachments |
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