435 LID SEGREGATION
CITY OF YELM
RESOLUTION NO. 435
A RESOLUTION OF THE CITY OF YELM, WASmNGTON TO
SEGREGATE AN ORIGINAL ASSESSMENT UNDER UTILITY
LOCAL IMPROVEMENT DISTRICT NO.1, PURSUANT TO
SECTION 35.44.410 OF THE REVISED CODE OF W ASmNGTON
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 numbers 21725111000,
21725120000 and 21725120100 in the records of the Thurston County Assessor; and
WHEREAS the current parcel configuration is shown on the map attached hereto as
Exhibit A and the new parcel configuration 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,
WASffiNGTON 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 numbers 01-095, 01-096 and
01-106 of Utility Local Improvement District No. 1 as described in the adopting ordinance
and identified as Thurston County Assessor tax parcel numbers 21725111000,21725120000
and 21725120100.
Section 3. Segregation shall result in 60 new parcels with proportional assessments
representing one Equivalent Residential Unit apiece as shown on Exhibit C. The confumed
assessment amounts for the new parcels shall total $109,389.00 and shall equal the confirmed
original assessment amount before segregation. The remaining principal balance for these
parcels shall total $87,511.17 and equal the combined remaining principal balance before
segregation.
ADOYfED by the Council of the City of Y ~lm, Washington at its regular meeting on
the 12
day of March
, 2003.
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CITY OF ~IA\1, WASHINGTON
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A~am Rivas ,Mayor
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AUTHENTICATED:
:;1 It [ Ii ell ,dw lit /.{_. o'
!J Deputy City Clerk .'
PASSED and APPROVED
March 12,
2003