LID Resolution468
CITY OF YELM
RESOLUTION NO. 468
A RESOLUTION OF THE CITY OF YELM, WASHINGTON TO SEGREGATE AN EXISTING ASSESSMENT UNDER UTILITY LOCAL IMPROVEMENT DISTRICT NO. 1, PURSUANT TO SECTION 35.44.410 OF THE REVISED CODE OF
WASHINGTON
WHEREAS the City of Yelm has received a written application from the property owner of the plat knows as Mountain Sunrise Phase II to segregate an assessment within Utility Local Improvement
District No. 1 in accordance with Section 35.44.410 of the Revised Code of Washington
WHEREAS the real property to be affected by this segregation action is described on the assessment roll of Utility Local Improvement District No. 1 as Account 01-019B and identified
in the records of Thurston County Assessor’s Office as tax parcel number 63540000002; and
WHEREAS the current parcel configuration is shown on the map attached hereto as Exhibit A; and
WHEREAS the new parcel configuration is shown on the diagram attached as Exhibit B; and
WHEREAS the assessment amount on this parcel is $98,450.10, as set forth and adopted by Resolution No. 459 on October 26, 2005; and
WHEREAS this segregation will not jeopardize the security of the assessment lien or reduce the ability to collect outstanding local improvement district obligations payable from such
assessment;
NOW THEREFORE, THE CITY COUNCIL OF THE CITY OF YELM, WASHINGTON DOES RESOLVE AS FOLLOWS:
Section 1. Segregation shall be made on the assessment roll of Utility Local Improvement District No. 1, which was confirmed and adopted by Ordinance No. 674 on September 29, 1999.
Section 2. Segregation shall affect Account 01-019B of Utility Local Improvement District No. 1 as described in Resolution No. 459 and identified as Thurston County Assessor tax parcel
number 46540000002.
Section 3. Segregation shall result in 47 new assessments on parcels within the Mountain Sunrise Phase II subdivision, with proportional assessments representing one Equivalent Residential
Unit for each projected final building lot, and the remaining portion representing 7 Equivalent Residential Units shall be reallocated to parcel number 22718440600. The sum of these
combined new assessments shall total $98,450.10 as shown in Exhibit C, which is equal to the existing assessment amount.
ADOPTED by the Council of the City of Yelm, Washington at its regular meeting on the 14th Day of November, 2006.
CITY OF YELM, WASHINGTON
Ron Harding, Mayor
AUTHENTICATED:
Agnes Bennick, City Clerk
PASSED and APPROVED ______________________________ 2006