NOTICE OF ADOPTION OF ORDINANCE NO.: 2026-023 Establishing the Vista Business Improvement District BE IT ORDAINED by the Mayor and Council this 9th day of June, 2026, that the Vista Business Improvement District is hereby established as follows: Section 1. Authority. Pursuant to the authority derived from South Carolina Code § 5-37-10, there is hereby established an improvement district to be known as the Vista Business Improvement District (hereinafter "BID"). Section 2. Findings of Fact Columbia City Council finds that (i) improvements would be beneficial within the BID; (ii) the improvements would preserve and increase property values within the district; (iii) in absence of improvements, property values within the area will be likely to depreciate and that the proposed improvements will be likely to encourage development in the BID; (iv) the general welfare and tax base of the City will be maintained or improved by the creation of the BID; and (v) it is fair and equitable to finance the improvements by an assessment upon the real property within the district. Section 3. District Boundaries The BID shall include all properties within a boundary of (with the exception of predetermined exempted properties based on use [i.e. agricultural and industrial uses and owner-occupied properties]): The southwest corner of Taylor Street and Assembly Street intersection shall serve as the point of beginning. From the point of beginning, proceed South on Assembly Street five city blocks to the south side of Senate Street. Follow Senate Street in a westerly direction one city block to the southeast corner of Park Street, then south one city block along Park Street to the southeast corner of Park Street and Pendleton Street. Continue west three city blocks on Pendleton Street to southeast corner of Pendleton and Wayne Streets, thereafter continue south two city blocks along the railroad tracks to the northwest corner of Greene Street. Thereafter, continue two city blocks west to the southwest corner of Huger Street. Continue south to the northwest corner of Blossom and Huger Streets, then follow Blossom Street west to the east bank of the Congaree River and proceed north following the shore of the Congaree River for nine city blocks to the corner of the southside of Klapman Boulevard/Hampton Street. At which point, continue two city blocks east to the southeast corner of Williams Street, thereafter proceed north to the southeast corner of Taylor Streets. Continue east along Taylor Street to the point of origin at Assembly. The eastern boundary of the district is to adjoin the western boundary of the City Center Business Improvement District. Section 4. Adoption of Improvement Plan The Vista Business Improvement District (BID) Improvement Plan dated June 9, 2026, a copy of which is attached hereto and made a part hereof by reference as the "Vista Improvement Plan", is hereby adopted. Section 5. Assessments Imposed An initial annual assessment equal to .001844 per dollar of the taxable value (as established by the Richland County Assessor) of each parcel along with an additional assessment of $4.01 per foot of frontage on Gervais and Lady Streets between Assembly and Huger, along with such side streets between them as listed: Huger, Pulaski, Gadsden, Lincoln, and Park be imposed for the purpose of funding the services and improvements contemplated by the Improvement Plan. For properties that have received approval under the Bailey Bill to have their appraised taxable frozen, the annual assessment shall be applied against the Bailey Bill appraised value. Properties that are exempt from paying property taxes shall be exempt from the additional annual assessment. Owner-occupied residential property that is taxed, or will be taxed pursuant to Section 12-43-220(c) of the South Carolina Code of Laws shall be exempt from the additional annual assessment. Section 6. Baseline of Services No services provided by the City within the District shall be terminated as a result of the enactment of this ordinance. There shall be no reduction in the level of any service provided by the City within the District as a result of the enactment hereof. Section 7. Termination of Assessments The district hereby created and the assessments hereby imposed shall terminate on December 31, 2036, or upon the adoption of an ordinance otherwise terminating the district, whichever shall first occur. Section 8. Contracts for Management Contracts for the management and oversight for the delivery of services to the BID are hereby authorized. The City Manager is authorized to execute such contract upon approval by City Council. This ordinance is effective as of June 25, 2026. IPL0349815 Jun 17 2026