LID Res stf report
City of Yelm
STAFF REPORT
To: Mayor Adam Rivas Yelm City Council
From: Tami Merriman, Assistant Planner
Date: October 18, 2005 (for October 26, 2005 City Council Meeting)
Subj: Resolution #459 - Mountain Sunrise LID Segregation
Attachments:
Application for Segregation of LID Assessment
Resolution No. 459
Exhibit A — Current Parcel Configuration Map
Exhibit B — New Parcel Configuration Map
Exhibit C — Segregation of Assessment
Exhibit D — RCW § 35.44.410
Recommendation
Adopt Resolution No. 459 authorizing the requested segregation of the original assessment to Tax Parcel #’s 64301200100 & 22717330100 in Utility Local Improvement District No. 1.
Background
On September 29, 1999 the City Council approved Ordinance No. 674 confirming and adopting the final assessments for Utility Local Improvement District No. 1. Section 35.44.410 of the
Revised Code of Washington requires that any request for segregation of these assessments be approved by council action. If Council adopts Resolution No. 459, a separate assessment
lien will be recorded against each individual building lot that will be enforceable by judicial foreclosure in the even that future annual installments are not paid in a timely manner
in accordance with state law.
Current Situation
Mountain Sunrise Development LLC has submitted a written application, and fee to reallocate the local improvement district assessments on parcels they own based on the projected number
of individual lots at final build-out. This action will proportionately redistribute original assessment amounts to final building lots in preparation for the development and sale of
final lots to future homeowners in the Mountain Sunrise Plat.
State law requires that segregation “shall be made as nearly as possible on the same basis as the original assessment.” Each projected final building lot will be allotted one Equivalent
Residential Unit, and the combined assessment total is therefore divided equally between each of the new parcels benefiting from the improvements. The sum of the combined assessments
does not change and the estimated market value of these parcels is more than sufficient to cover any future delinquencies should foreclosure action ever be required.
This resolution will become effective immediately upon adoption by the City Council.