HomeMy WebLinkAbout03-01-2004 ITEM II-A-1C l TY OF''ego r
AGENDA BILL APPROVAL FORM
-p4WO WASHINGTON
Agenda Subject:
Date:
Assessment Roll for Local Improvement District No. 250
February 24, 2004
Department:
Attachments:
Budget Impact:
Finance
Administrative Recommendation:
City Council to conduct a public hearing to consider the assessment roll for Local Improvement District
No. 250.
Background Summar:
Local Improvement District No. 250 was created and established by Ordinance No. 5821 passed by the
City Council on January 5, 2004. On February 2, 2004, Resolution No. 3684 was passed to call for this
public hearing to consider all written protests and hear all persons who wish to be heard for the purpose
of considering the assessment roll and the special benefits to be received by the property shown upon
such roil, including the increase and enhancement of the fair market value of each such parcel of land by
reason of the improvement.
N0301-4
F2.4.9
Reviewed by Council & committees:
Reviewed by Departments & Divisions:
❑ Arts Commission COUNCIL COMMITTEES:
❑ Airport
❑ Human Resources
❑ Hearing Examiner ❑ Finance
❑ Building ❑ M&O
❑ Human Services ❑ Municipal Serv.
❑ Cemetery ❑ Mayor
❑ Library Board [:]Planning & CD
❑ Finance ❑ Parks
❑ Park Board ❑ Public Works
❑ Fire ❑ Planning
❑ Planning Comm. ❑ Other
❑ Legal ❑ Police
❑ Public Works
Action:
Committee Approval: ❑Yes []No
Council Approval: ❑Yes []No Call for Public Hearing 1 1
Referred to Until 1 1
Tabled Until 1 1
Councilmember: Backus Staff: Coleman
Meeting Date: March 1, 2004 Item Number: Item I I .A.1
AUBURN * MQRE THAN YOU IMAGINED
MEMORANDUM
Date: December 15, 2003
To: Finance Committee
From: Shelley Coleman, Finance Director
Cc: Pete Lewis, Mayor
City Council
Re: Certification of Cost and Expense of Improvement and Benefit to Proposed
District.
The City entered into an agreement with Central Puget Sound Regional Transit Authority
(Sound Transit) on June 27, 2002 to lease 180 parking stalls and have exclusive use of
those stalls over a period of 99 years or, if applicable, such earlier time as the end of the
useful life of the Parking Garage.
The total estimated cost and expense of the improvement for the 180 stalls in the parking
garage is $1,477,080 (see Exhibit "A"). The City is paying Sound Transit for the
improvements with annual installments over a three-year period. The first two installment
payments have been made and the third and final payment is budgeted and will be paid in
July 2004.
The City has called for a public hearing on January 5, 2004, via Resolution 3672 to form
LID 250, where parking improvements at the Sound Transit parking garage benefit
certain properties. The proposed district encompasses two parcels of property (see
Exhibit "B") owned by one individual. The benefit to the property is the exclusive use
of 85 of the 180 parking stalls in the parking improvement and a portion of the cost of the
improvement should be borne by the proposed district.
As Finance Director for the City of Auburn, I certify the above as true.
Exhibit "A"
Source; Schedule in Sound Transit Board Minutes of November 16, 2000.
Cost of 180 parking stall improvement at the Sound Transit station:
(Authorized by City of Auburn Reso. 3278)
120 parking stalls $ 68200
60 parking stalls 360,000
Sub Total 1,042,500
Additional Costs
(City of Auburn Reso. 3377) 283696
Sub Total 1332611196
Fagade Improvements 80,000
Legal/Consultant Fees , 704884
Total Parking Improvement $1,477.80
Cost per Stall $ 8,205
Estimated LII] Legal and
Finance Costs $5,000, east
per stall 59
Total per Stall Cost $$,265
X 85 Stalls $702,525
Local Improvement District (LID) 250
Parking Improvement Area
Exhibit A continued
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Exhibit "B"
Property Benefited from Improvement:
Owner of Record per King County Assessor 12/7/2003
Lehnertz Family LLC
3420 W 26" Ave
Spokane, WA 99204
Parcel #'s 781570-0145 and 781570-0146
Legal Description: Lot 1, Block 3, Town of Slaughter, according to the plat recorded,
in Volume 2 of plats, page 56, records of the County of King, State of Washington..
Local Improvement District (LID) 250
Benefit Area
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