445 LID Segregation
CITY OF YELM
RESOLUTION NO. 445
A RESOLUTION OF THE CITY OF YELM, WASHINGTON TO
SEGREGATE AN ORIGINAL ASSES.SMENT UNDER UTILITY LOCAL
IMPROVEMENT D~STRICT 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
~evised 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 re~uce 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
Sep~ember 29, 1999.
Section. 2. Segregation shall affect assessment account number 01-170A of Utility
Local Improvement District No. 1 a~ described in tJ1e a40pting ordinance ap.d identified as
Thurston Co~ty 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
assess~ent 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
c9mbined remaining principal balance before segregation, with a total of 3 Equivalent
Residential Units.
ADOPTED by the Council of the City ofYelm, Washington at its regular meeting on
the 28th Day of July, 2004.
CITY F JLrSHINGTON
..........
AUTHENTICA TED:
f'2 . ~JI:"'''L
. í'lJ.I \ZJ b I1IIL{£
. ennick, City Clerk
PASSED and APPROVED
July 28, 2004