AN ORDINANCE establishing a new SODO Parking and Business Improvement Area (BIA); levying special assessments upon owners of business, multi-family residential, and mixed-use properties within the area; providing for the deposit of revenues in a special account and expenditures therefrom; providing for collection of and penalties for delinquencies; providing for the establishment of a Ratepayers Advisory Board; providing for an implementation agreement with a program manager; providing for the continuity of services and the distribution of remaining funds from the current SoDo BIA account that was established in 2013 by Ordinance 124306; and ratifying and confirming certain prior acts.
Very good. And for the comments those in favor of confirming the appointments. Please vote i. I. Those oppose vote no. The motion carries and the appointments are confirmed. Please read the next agenda item. The Report of the Governance, Equity and Technology Committee Agenda Item 20 Council Bill 119 297 Establishing a new Sodo parking business improvement area. The committee recommends the bill passes amended. Thank you very much. So this council bill establishes is a business improvement area, otherwise known as a bi a and south of downtown or otherwise known as Sodo. And I think many of you are very familiar with this legislation. For those that aren't bills or an economic development funding mechanism that basically allows property and business owners to assess themselves, to fund enhanced services, programing and management for a business district and the current SODO business improvement area, or be it was originally established in 2013 for a five year period. It ends in December 31st, 2018. And, you know, in theory, it's based on an ability to provide service services valued by its ratepayers. The Soto Business Improvement Area developed a proposal recommending the creation of a new BIA with expanded boundaries for a period of ten years. And that's what this legislation does. The new service area would extend a roughly from South Rail Broadway way to South Hudson Street and I-5 to the Port of Seattle. The city generally considers a new or expanding bay. When presented with a petition by those who represent 60% or more of the total assessment in their proposed bill and are city staff and their employees follow the RTW that allows for this and calculated the dollar amount of the special assessment that each business and multi-family residential or mixed use property would pay and compare the dollar amount represented by the signed petitions and and letters of support to establish a total of the entire House total bill. And the result was 61%, which of course exceeds the threshold of 60. And in a nutshell, the programs allow for transportation, investment, safety, cleaning, advocacy, marketing, communications, business, community development within that existing zoning. A little bit about the the process that was used and of course, the assessments would begin January 1st, 2019. On July 16th, the Council passed Resolution 31823, which initiated the proposed bill for consideration and Resolution 31824, which establishes establish the intent to establish a bill and sought to set the public hearing date for August 7th. On July 17th, the committee had an initial discussion and briefing on the proposal, and we listened to ratepayers and community advocates . On August 7th, the committee held another public hearing. And and on September 18th, the committee held its third discussion and voted on the legislation. A few remarks that we heard from and during the public testimony, we we've said all along that we are doing our best to make smart investments, and we are asking on businesses and ratepayers to assist us in that process. Looking again at transportation solutions, public safety solutions, and this is a good example where I think we have strong leadership of those running to be. I wanted to recognize you least by description, not by name, because I don't like start singling people out. But it was very clear that the work done by those running the BIA were to the satisfaction of the ratepayers. And I say to the satisfaction, I'd say that we solved all the problems, but I think that it is very clear we are we are committed and we're coming up with solutions and we take this work seriously and we are worthy of this kind of investment. So we want to thank the ratepayers think the bay folks and I look forward to supporting this this this ordinance. Any further comments from any of my colleagues? If not, please call the role on the passage of the bill. Gonzalez, I. All right. Johnson. I heard. My name. Whereas you did. O'Brien, I. So on. I make sure President Harrell I aid in favor and unopposed. The bill passed in show senate. Please read the next agenda item.