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February 9,1983 F�'{ <br /> FDELIC HEARING LID 4710 FINAL ASSESSMENT ROLL <br /> Strong,of the Engineering Department, a orted the Petition �', <br /> for vthis LI for a traffic signal at the I-5 off r southbound <br /> werett Mall Way had been signed by a majorityof heaproperty <br /> 11 <br /> owners. signal as partoflarger <br /> signal o whish y9y <br /> d insignificant c ings. e 1 final a s <br /> rol• lihas now been determined to be 469,556,29,with the City's nt I' <br /> contribution of 5 8,in the amount of 834,778.15. The assessed <br /> coat 1/2 to the north side on the basis of area and 1/2 { <br /> t thessouth hside on the basis of area pursuant to the Lin petition <br /> with the north siddemassessment being greater based on an environ- d <br /> • av review determining that the nnorth de proPertlea could net A , <br /> he intensely developed without the installation o a signal. She <br /> said the ae eeamenta could be paid in full or over a 30 year period <br /> at 118,with the first payment due in 1984. <br /> Councilman Michelson asked if this <br /> rk was a paof the Everett Mall <br /> Improvement LID,and Me.Strong replied no,that was LID 4705. <br /> Councilman about oaf..o eth City's share, Y I <br /> and Bill Cushman,Finance Director,sad this said paid o 7 <br /> of the 1/2-cent gas tax fund and te City would net be borrowing <br /> any monies or paying iutereat. 4I,, <br /> Councilman Aldcroft asked If there were any protests,,and Ma,Strong <br /> replied there had he written protest from the .. <br /> formerly Rodeway I change i^o rahip,andrthey might <br /> t have known there wasanD in progress. They contend this L <br /> La of no benefit to them,^ e City's Traffic 2 access <br /> rireplied t <br /> the protest m ted the signal would improve a t the Inn <br /> driveways when compared to no signals at all by allowing gaps in <br /> the traffic for egress and ingress. <br /> Bruce <br /> Jones <br /> asked how these costs were divided and Ma.Strong replied <br /> P <br /> thev rerid <br /> based on Acreage and traffic pattern impact,with he i v <br /> north aide no realize greater benefit than the with side. Is <br /> • Seibold,General Manager o Everettsaid hewas <br /> whether o thepreviouso signedthersthekL <br /> the present owner would not have because as a <br /> o ID. <br /> b signal installation there is a dangerous intersection <br /> at their <br /> driveways and several accidents and near-misses have occurred. �;{/, C.: <br /> benefitted fromtHe Said he felt he <br /> is signalwhatsoever.increase and that t fivehave <br /> o y4,1, f <br /> raffic Engineering Department has been there andsaidthey will t <br /> look into the situation. <br /> b <br /> ont President Pope asked 1E anyone else wished to speak and no one <br /> , <br />.n. replied. <br /> moved by Councilman Aldcroft,seconded by Councilman Michelson,to <br /> close the public hearing. <br /> Roll was called with all Councilmen votingyes. <br /> 011 ,y_ <br /> a , Motion Carried 9 <br /> 1019101910800 <br /> n£ope 3 kedt„1 10:11,t80111C1tuationlre108 <br /> ,18 <br /> eel' a, <br /> , <br /> ki <br /> ",n <br />