RESOLUTION NO. 3884 Passed June 2, 2025 RESOLUTION

RESOLUTION NO. 3884 Passed June 2, 2025 RESOLUTION DECLARING THE NECESSITY TO IMPLEMENT THE PLAN OF SERVICES ADOPTED BY THE BOWLING GREEN CENTRAL BUSINESS SPECIAL IMPROVEMENT DISTRICT, INC., AS APPROVED IN RESOLUTION NO. 3883 AND DECLARING THE NECESSITY TO LEVY A SPECIAL ASSESSMENT FOR THE SERVICES SET FORTH IN SAID PLAN UPON THE LOTS AND LANDS BENEFITING UNDER THE PLAN WHEREAS, the Council of the City of Bowling Green approved the renewal and the five-year Plan of Services submitted by petition and to be provided by the Bowling Green Central Business Special Improvement District, Inc., pursuant to Resolution No. 3883 adopted 6/2/25; and, WHEREAS, the Plan of Services calls for the provision of these services to the Bowling Green Central Business Special Improvement District to be funded in part by special assessment; and, WHEREAS, Sections 1710.02 and 1710.06 of the Ohio Revised Code authorize the participating political subdivision to levy a special assessment to pay for the costs of the services set forth in said Plan in that the services included in the Plan are deemed to be a special benefit to the property owners within the District; BE IT RESOLVED BY THE COUNCIL OF THE CITY OF BOWLING GREEN, OHIO THAT: SECTION 1: It is declared necessary to implement the Plan of Services of the Bowling Green Central Business Special Improvement District, Inc., (hereafter "SID") in the City of Bowling Green on Main Street, Wooster Street, Court Street, and Clough Street, and the area on East Wooster Street between Prospect Street and Summit Street: SECTION 2: The Plan and estimate of cost of the services prepared by the SID providing for a total estimated cost of approximately $228,860.00 per year for each of the five years of the Plan, as now on file in the office of the Clerk of Council as Attachment A to Resolution No. 3883, are approved, and the Plan shall be performed as shown therein. The lots and lands benefiting from and to be assessed for the services set forth in the Plan are shown on Exhibit A attached hereto and incorporated herein by reference. SECTION 3: The Council of the City of Bowling Green finds and determines that 1) the Plan of Services is conducive to the public health, convenience and welfare of the City and the inhabitants thereof, and 2) the lots and lands to be assessed as described in Exhibit A hereof are specially benefited by the services set forth in the Plan in amounts equal to or greater than the assessed amounts. SECTION 4: A portion of the costs of the services set forth in the Plan shall be assessed in proportion to the front footage of the lots and land benefiting under the Plan, said lots and lands being more specially described in Exhibit A. The Council of the City of Bowling Green hereby determines said assessment for such services to be $14.00 per front foot of all such lots and lands as described in Exhibit A. It further provides, however, that corner parcels, that is, for properties at Main Street and Wooster Street, Main Street and Court Street, and Main Street and Clough Street (east of Main Street) assessments will be applied only to the average of the combined sides of said parcel. The portion of the costs of the improvements to be paid by the City shall be as provided in the Plan and as approved by Resolution No. 3883. SECTION 5: The Bowling Green Central Business Special Improvement District, Inc. is authorized and directed to prepare and file with Council in the office of the Clerk of Council an assessment report in accordance with the method of assessment provided for in this resolution. Such assessment report shall show the lots and lands assessed and the amount of assessment as to each. When the assessments have been so filed, the Clerk of Council shall cause notice of the adoption of this resolution and the filing of the estimated assessments to be served in the manner provided by law on the owners of all lots and lands to be assessed. SECTION 6: The assessment to be levied shall be paid in semi-annual installations and that the term of the assessments shall be for five (5) years from January 1, 2026, through December 31, 2030; provided, however, that the term of the assessment may be adjusted by the Board of Trustees of the SID as set forth in the Plan of Services approved in Resolution No. 3883; and further provided that the owner of any property assessed may, at his/her option, pay such assessment in cash within thirty (30) days after passage of the assessing ordinance. SECTION 7: The Clerk of Council is directed to certify a copy of this resolution to the Finance Director. SECTION 8: The City does not intend to issue securities in anticipation of the levy or collection of the special assessments. SECTION 9: The assessments to be levied and collected pursuant to this resolution may be levied and collected in whole or in part prior to the performance of the Plan. SECTION 10: It is hereby found and determined that all formal actions of this Council concerning and relating to the passage of this Resolution were adopted in an open meeting of this Council, and that all deliberations of this Council and of any of its committees that resulted in such formal action were in meetings open to the public, in compliance with all legal requirements, including Section 121.22 of the Ohio Revised Code. SECTION 11: The Clerk of Council is hereby directed to post a copy of this Resolution as provided by law. SECTION 12: This Resolution shall take effect at the earliest time permitted by law. Passed June 2, 2025 Mark Hollenbaugh President of Council Jodi Sickler, Clerk of Council Approved: June 3 '25 Michael A. Aspacher Mayor Hunter Brown City Attorney June 7 '25