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Record No: CB 119884    Version: 1 Council Bill No: CB 119884
Type: Council Bill (CB) Status: Introduction & Referral Ready
Current Controlling Legislative Body City Council
On agenda: 10/5/2020
Ordinance No:
Title: AN ORDINANCE relating to the SODO Parking and Business Improvement Area; modifying the 2021 assessment values update; and amending Ordinance 125678.
Sponsors: Tammy J. Morales
Supporting documents: 1. Summary and Fiscal Note
CITY OF SEATTLE
ORDINANCE __________________
COUNCIL BILL __________________
title
AN ORDINANCE relating to the SODO Parking and Business Improvement Area; modifying the 2021 assessment values update; and amending Ordinance 125678.
body
WHEREAS, in 2018, through Ordinance 125678, the City established the SODO Parking and Business Improvement Area (BIA), providing for the levy of special assessments upon businesses and property owners within the SODO BIA for the purpose of enhancing conditions for operation of those businesses and properties; and
WHEREAS, subsection 3.D of Ordinance 125678 states that in 2019 and 2020 the assessment will be based on King County Assessor's Office data and information for Tax Year 2017/Assessment Year 2016; and
WHEREAS, subsection 3.E.1 of Ordinance 125678 states that in 2021 and 2022, the assessment will be based on King County Assessor's Office data and information for Tax Year 2021/Assessment Year 2020; and
WHEREAS, on May 17, 2020, the SODO BIA Board of Directors held a Ratepayer Advisory Board meeting to discuss postponing the BIA's assessment values update for 2021; and
WHEREAS, on July 17, 2020, the SODO BIA Board of Directors voted to postpone the assessment values update for 2021, with new assessment values taking effect in 2022; NOW, THEREFORE,
BE IT ORDAINED BY THE CITY OF SEATTLE AS FOLLOWS:
Section 1. Subsection 3.E of Ordinance 1256778 is amended as follows:
* * *
E. All records will be updated every two years using King County Assessor's Office data and information as described below:
1. ((In 2021 and 2022, the assessment will be based on King County Assessor's Office data and information for Tax Year 2021/Assessment Year 2020;)) In 2021, the assessment will be based on King County Assessor's Office data and information for Tax Year 2017/Assessment Year 2016. In 2022, the assessment will be based on King County Assessor's Office data and information for Tax Year 2021/Assessment Year 2020....

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