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459 LID Segregation Mtn Sunrise CITY OF YELM RESOLUTION NO. 459 A RESOLUTION OF THE CITY OF YELM, WASHINGTON TO SEGREGATE ORIGINAL ASSESSMENTS 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 received written application from the property owner of the plat knows as Mountain Sunrise to combine and segregate two original assessments within the Utility Local Improvement District No.1 in accordance with Section 35.44.410 of the Revised Code of Washington WHEREAS the parcels to be affected by this segregation action are described in the adopting ordinance as assessment numbers 18 and 19 of Utility Local Improvement District No 1. and identified in the records of Thurston County Assessors Office as tax parcel numbers 22717330100 and 64301200100; and WHEREAS the existing parcel configuration IS shown on the map attached hereto as Exhibit A; and WHEREAS the sum of the combined assessment amounts placed on these parcels is $196,900.20, as set forth in the final assessment roll confirmed and adopted in Ordinance No 674 on September 29, 1999; and WHEREAS the revised parcel configuration is shown on the map attached as Exhibit B; and WHEREAS this segregation will not jeopardize the security of the liens for the assessments 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. Resolution #459 Section 2. Segregation shall affect assessment account numbers 01-018 and 01-019 of Utility Local Improvement District No.1 as described in the adopting ordinance and identified as Thurston County Assessor tax parcel numbers 64301200100 & 22717330100. Section 3. Segregation shall result in 55 new parcels with proportional assessments representing one Equivalent Residential Unit for each projected individual building lot. The confirmed assessment amounts for these new parcels shall total $ 196,900.20 as shown in Exhibit C, which is equal to the sum of the combined assessment amounts before segregation. ADOPTED by the Council of the City ofYelm, Washington at its regular meeting on the 26th Day of October, 2005. ~ Ad AUTHENTICATED: ~IX . ) i ~()i I" i.. ... / /vw '1-. .. I<.,lt,,-l. /L- Ag / S Bennick, City Clerk PASSEDandAPPROVED October 26 2005 Resolution #459 Page 2