LID Res Staff Report
City of Yelm
STAFF REPORT
To: Mayor Ron Harding Yelm City Council
From: Nisha R. Box, Assistant Planner
Date: February 16, 2007 (for February 27, 2007 City Council Meeting)
Subj: Resolution # 469 -- Mountain Shadow LID Segregation
Attachments:
Application for Segregation of LID Assessment
Resolution No. 469
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.469 authorizing the requested segregation of the existing assessment against Tax Parcel # 22718440600 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. 469 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 Shadow Investments LLC has submitted a written application and paid the fee to reapportion the existing assessment to seven final building lots in the Mountain Shadow Plat in
preparation for development and sale to future homeowners.
State law requires that segregation “shall be made as nearly as possible on the same basis as the original assessment.” Since each lot benefits equally, all seven projected final building
lots will be allotted one Equivalent Residential Unit and the existing assessment will therefore be divided equally between each of the new parcels. 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.