LID Ordinance BonessCITY OF YELM
ORDINANCE NO. 781
AN ORDINANCE of the City of Yelm, Washington, approving a modification to the final assessment roll for Local Improvement District No. 1.
WHEREAS, the final assessment roll for Local Improvement District No. 1 (“LID No. 1”) in the City of Yelm, Washington (the “City”) was confirmed by Ordinance No. 674 on September 24,
1999; and
WHEREAS, one or more property owners within LID No. 1 have applied for a transfer of certain assessments within LID No. 1, as shown in the executed Agreement delivered to the City, a
copy of which is attached hereto as Exhibit I; and
WHEREAS, based on the representations and information set forth in said Agreement, the City Council agrees that the proposed transfer of assessments should be approved;
NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF YELM, WASHINGTON, DO ORDAIN AS FOLLOWS:
Section 1. The Agreement, attached hereto, as Exhibit I is hereby approved. The City Council hereby finds that the value of each of the parcels as shown on Exhibit B in the Agreement
is at least equal to the assessment proposed to be levied thereon. The transfer of the assessments as shown on Exhibit B to the Agreement is hereby approved.
Section 2. This Ordinance shall be in full force and effect five days after its passage and publication as provided by law.
PASSED by the Council of the City of Yelm, Washington at its regular meeting on the 9th day of July, 2003.
CITY OF YELM, WASHINGTON
Adam Rivas, Mayor
Attest:
Agnes P. Bennick, City Clerk
Approved as to Form:
Bond Counsel, Preston Gates & Ellis LLP
PASSED AND APPROVED:
PUBLISHED: