LID Transfer ltr to dougFebruary 7, 2005
Mr. Doug Bloom
Rainier General Development
P.O. Box 627
Rainier, WA 98576
Re: Transfer and Segregation of LID Assessments
Dear Mr. Bloom:
A property owner has the ability to transfer LID Assessments from one property to another, providing that the property assessed values are at least the same or higher than the LID Assessment.
This is accomplished through an Ordinance, approved by City Council based on an agreement between property owners. You may transfer as many ERU’s as you wish.
A property owner also has the ability to segregate the LID assessments to individual parcels, again based on the valuation. This is accomplished by a Resolution by City Council.
For example, if a property owner has 100 ERU’s, he may transfer 50 of them to a different property, and retain the remaining 50 on its original parcel. The remaining 50 can then be
transferred or segregated again at any time in the future.
In an LID transfer, the assessment for a certain number of ERU’s is moved from one parcel to another. The property receiving the assessment must be valued as much or more than the assessment.
In an LID segregation, the assessments are divided out among numerous parcels, (usually a new subdivision) so that each lot is responsible for one LID assessment.
Section 35.44.410, Revised Code of Washington discusses the procedures in which these assessments may be transferred or segregated.
If you have any further questions, please call me at (360) 458-8496.
Sincerely,
Tami Merriman
Assistant Planner