WHEREAS, the businesses and multifamily residential or mixed-use projects subject to sixty percent (60%) or more of the special assessments that would be assessed filed a petition with The City of Seattle pursuant to RCW Chapter 35.87A which is filed in C.F. 303072; and

WHEREAS, the City Council has reviewed that petition, but determined that it is in the best interests of the City to proceed under the resolution method of creating a parking and business improvement area instead of the petition method as provided for in RCW 35.87A.030; and

WHEREAS, the City Council enacted Resolution 29966, on June 7, 1999, initiating a parking and business improvement area in downtown Seattle; and

WHEREAS, the City Council wishes to declare its intent to establish a Downtown Parking and Business Improvement Area, 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 AS FOLLOWS:

Section 1. The City Council of The City of Seattle hereby declares its intention to establish a Downtown Parking and Business Improvement Area ("Downtown Business Improvement Area" or "DBIA") in accordance with Chapter 35.87A RCW.

Section 2. The Downtown Parking and Business Improvement Area ("Downtown Business Improvement Area" or "DBIA") 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 center of the intersection of 4th Avenue and Denny Way, then south therefrom along 4th Avenue to Cedar Street, then east therefrom to the alley between 4th and 5th Avenues, then south therefrom to Vine Street, then east therefrom to 5th Avenue, then south therefrom to Lenora Street, then west therefrom to the Alaskan Way Viaduct, then northwest under the Alaskan Way Viaduct to Elliot Avenue, then north therefrom to Bay Street, then west therefrom to the outer harbor line, then south therefrom (including from Pier 71 to Pier 47) to the intersection of South Jackson Street and Alaskan Way, then south therefrom to South King Street, then east therefrom to 4th Avenue South, then north therefrom to South Washington Street, then east therefrom to 6th Avenue South, then north therefrom to the western edge of Interstate Highway 5, then north therefrom along the eastern side of 6th Avenue to Spring Street, then northeast therefrom between the eastern boundary of Naramore Fountain Park and the western boundary of Interstate 5, to Freeway Park's southern boundary on Seneca Street, then east therefrom inside Freeway Park across Interstate 5 to the park's eastern boundary at Hubbell Place, then northeast therefrom inside the park to University Street, then east therefrom beneath 8th Avenue one-half block to 900 University Street, then north therefrom along the west side of 900 University Street, then east therefrom inside the park to 9th Avenue, then north therefrom on 9th to the intersection of Union Street and Hubbell Place, then northeast therefrom on Hubbell Place to Pike Street, then west therefrom to the western border of Interstate 5, then north therefrom to Denny Way, then west therefrom to the point of beginning.

In case of a conflict between the description of the area and the map, the description shall control.

Section 3. Special Assessment revenues shall be used for the following component programs:

A. Public Safety

The public safety program will identify, report and act as problem solvers on public safety issues, in coordination with the Police Department, mental health and substance abuse programs, and human service agencies.

B. Maintenance

The maintenance program will provide sidewalk sweeping and graffiti removal, special projects to clean up problem areas, and monitoring and problem solving for alley maintenance and trash removal problems.

C. Marketing and Public Relations

The marketing and public relations program will promote a positive image of the assessment area. The program will also track shifts in Downtown's economy, research new opportunities and provide information on impacts of economic changes.

D. Reserve Fund

A reserve fund will be maintained in order to compensate for shortfalls in assessment collections and to provide funding for unanticipated expenses and new opportunities.

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. The total estimated cost of these proposed used and projects is Fourteen Million, Eight Hundred Seventy Five Thousand, Six Hundred Sixty-Eight Dollars ($14,875,668.00).

Section 4. Levy of Special Assessments. To finance the programs authorized in Section 3, there is levied upon and shall be collected from the businesses, multifamily residential properties (buildings containing more than four residential units), and mixed-use properties (buildings with both multifamily residential and commercial units) (collectively, "Ratepayers") in the Downtown Business Improvement Area described in Section 2, a five-year special assessment in the amount of Fourteen Million, Eight Hundred Seventy Five Thousand, Six Hundred Sixty-Eight Dollars ($14,875,668.00), which shall be collected semiannually. The Assessment is measured by the type of use and rate of assessment in the following table, subject to the calculations and limitations in this Section:

Five-Year Assessment = (Land Square Footage x $0.1.5379) + (Total 1997 Assessed Value of Site (Property + Improvements)/$1,000 x $0.1.5927). Records for the assessment calculation and the Assessed Operator are based on information provided by the King County Assessor's office for the year 1997, its database, and by on-site surveys. Modifications or limitations to these assessments are described below. No five-year assessment for any individual parcel shall exceed a total amount equal to ($9.2909 x (Total Assessed Value/$1,000). This rate is called the "Benefit Ceiling Rate." For the following special classifications of Ratepayers a Special Benefit Ceiling Rate shall be applied as set forth below to the Base Year Assessment to determine the rate most reflective of benefit for that particular class of Ratepayer:

1. Commercial Mixed-Use $ 9.29/$ 1,000 of total assessed value

2. Surface Parking $ 5.31/$ 1,000 of total assessed value

3. Multi-Family Residential $ 3.45/$ 1,000 of total assessed value or Apartments: the lesser of: 345.09 per unit

4. Multi-Family Residential Condominiums: $ 1.43/$ 1,000 of total assessed value or the lesser of: $ 345.09 per unit

5. Industrial Warehouse $ 1.86/$ 1,000 of total assessed value

6. Multi-Family Residential Apartments $ .93/$ 1,000 of total assessed value or possessing a rent restriction covenant: the lesser of $ 39.82 per unit

7. Hotel: the lesser of: $ 7.95/$ 1,000 of total assessed value or $292.00 a room

8. Non Residential (Owned by a NonProfit) $ 1.86/$ 1,000 of total assessed value

9. Piers $ .32 per square foot of pier area.

Ratepayers shall pay the lesser of the Benefit Ceiling Rate or the Special Benefit Ceiling Rate, as the case may be, with the exception of piers, which shall pay the Special Benefit Ceiling Rate. Property owned by governmental entities or public utilities, and land that is vacant, shall not be assessed.

Section 5. A hearing shall be heard on this matter before the Business, Economic & Community Development Committee in the City Council Chambers, 11th Floor, Seattle Municipal Building, 600 4th Avenue, Seattle, Washington, 98104 on June 30, 1999, at 5:30 p.m., or as soon thereafter as the same may be heard. The City Council will hear all protests and receive evidence for or against the proposed action.

Section 6. The City Clerk is requested to publish notice of this intention and of the hearing in a newspaper of general circulation in Seattle and mail a complete copy to each business within the proposed area, each 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://clerk.ci.seattle.wa.us on the Internet, or in paper form at the offices of the City Clerk, First Floor, Seattle Municipal Building, 600 Fourth Avenue, Seattle, WA 98104, or will be mailed upon request.

Adopted by a majority of all members of the City Council the _____ day of _____________, 1999, and signed by me in open session in authentication of its adoption this _____ day of ________________, 1999. ________________________________________ President of the City Council

Filed by me this ______ day of _________________, 1999. ________________________________________ City Clerk June 3, 1999 (Ver. 4)