417 LID SEGREGATION
CITY OF YELM
RESOLUTION NO. 417
A RESOLUTION OF THE CITY OF YELM, WASffiNGTON TO
SEGREGATE AN ORIGINAL ASSESS:MENT 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 number 64303500504 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,
WASIDNGTON 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 01-135A of Utility
Local Improvement District No.1 as described in the adopting ordinance and identified as
Thurston County Assessor tax parcel number 64303500504.
Section 3. Segregation shall result in 22 new parcels with proportional assessments
representing one Equivalent Residential Unit apiece as shown on Exhibit C. The confirmed
assessment amounts for the new parcels shall to~al $40,109.30 and shall equal the confirmed
original assessment amount before segregation. The remaining principal balance for these
parcels shall total $37,435.35 and equal the combined remaining principal balance before
segregation.
ADOPTED by the Council of the City ofYelm, Washington at its regular meeting on
the r ~:It _ day of 0~ ' 2001.
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. Mayor
AUTHENTICATED:
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fJ City Clerk
PASSED and APPROVED
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2001