LID Resolution
CITY OF YELM
RESOLUTION NO. 445
A RESOLUTION OF THE CITY OF YELM, WASHINGTON TO SEGREGATE AN ORIGINAL 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 been requested to segregate an original assessment for Utility Local Improvement District No. 1 in accordance with Section 35.44.410 of the Revised Code
of Washington on property identified as tax parcel number 64303600302 in the records of the Thurston County Assessor; and
WHEREAS the current parcel is shown on the map attached hereto as Exhibit A and the new parcels assessed is shown on the map attached as Exhibit B; and
WHEREAS all previously billed assessment installments have been satisfied and the affected account is paid current; and
WHEREAS this segregation will not jeopardize the security of the lien for the assessment or reduce the security for any 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 original assessment roll of Local Improvement District No. 1 which was confirmed and adopted by Ordinance No. 674 on September 29, 1999.
Section 2. Segregation shall affect assessment account number 01-170A of Utility Local Improvement District No. 1 as described in the adopting ordinance and identified as Thurston
County Assessor tax parcel number 64303600302.
Section 3. Segregation shall result in 11 new parcels with proportional assessments representing one Equivalent Residential Unit apiece as shown on Exhibit B. The confirmed assessment
amounts for the new parcels shall total $14,706.74 and shall equal the confirmed original assessment amount of 11 Equivalent Residential Units before segregation. The remaining principal
balance for the current parcel shall total $4,717.72 and equal the combined remaining principal balance before segregation, with a total of 3 Equivalent Residential Units.
ADOPTED by the Council of the City of Yelm, Washington at its regular meeting on the 28th Day of July, 2004.
CITY OF YELM, WASHINGTON
Adam Rivas, Mayor
AUTHENTICATED:
Agnes Bennick, City Clerk
PASSED and APPROVED ______________________________ 2004