496 TransFacCredit KillionLID CITY OF YELM
RESOLUTION NUMBER 496
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF YELM, WASHINGTON
ESTABLISHING A TRANSPORTATION FACILITIES CHARGE CREDIT FOR THOSE
PROPERITES WITHIN THE KILLION ROAD LOCAL IMPROVEMENT DISTRICT
WHEREAS, the City Council of the City of Yelm adopted Ordinance Number 847
on June 14, 2006, ordering street improvements on Killion Road, Tahoma Boulevard
Yelm Avenue West and creating Killion Road Local Improvement District ("Killion Road
LID"); and
WHEREAS, the improvements within Killion Road LID have now been completed
and the assessment roll for Killion Road LID has been filed with the City Clerk; and
WHEREAS, the cost for the improvements within the LID were $10,478,617; and
WHEREAS, the improvement of Yelm Avenue West and Killion Road were projects
listed on the Yelm Six Year Transportation Improvement Program (STIP); and
WHEREAS, these costs of these improvements were 41 percent of the entire STIP
when the project was initiated; and
WHEREAS, 41 % of the Traffic Facilities Charge at the time the project was initiated
was $564 per peak PM trip;
NOW, THEREFORE, BE IT RESOLVED by the City Council Of the City of Yelm,
Washington that the properties within the boundaries of the Killion Road Local
Improvement District be credited $564.00 per peak PM trip against the most current
Traffic Facilities Charge (TFC) in place at the time the TFC is levied at building permit
issuance, provided that the building permit application subject to the TFC is deemed
complete within fifteen (15) years from the date of this resolution.
APPROVED this 12th D ~f May, 2009
~L'' 2-~ 4
Ron Ha i g, Mayor
ATTEST:
ine Schnepf, City C rk