LID Res stf report
City of Yelm
STAFF REPORT
To: Mayor Ron Harding Yelm City Council
From: Tami Merriman, Associate Planner
Date: November 6, 2006 (for November 14, 2006 City Council Meeting)
Subj: Resolution # 468 -- Mountain Sunrise Phase II LID Segregation
Attachments:
Application for Segregation of LID Assessment
Resolution No. 468
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. 468 authorizing the requested segregation of the assessment against Tax Parcel # 63540000002 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. 468 a separate assessment lien
will be recorded against each individual building lot. These assessments will be enforceable by judicial foreclosure in accordance with state law in the event that future annual installments
are not paid in a timely manner.
Current Situation
Mountain Sunrise Development LLC has submitted a written application and paid the fee to reapportion the existing assessment based on the projected number of individual lots at final
build-out. This action will proportionately redistribute the majority of the assessment to final building lots in the Mountain Sunrise Phase II Plat in preparation for development and
sale to future homeowners. The remaining portion of the assessment will be transferred to a separate parcel currently under development.
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 necessary.