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967 ! , <br /> July 9,1986 <br /> 1 <br /> stated= the property Dane aril be advised of the <br /> Eitel a ea a and ill be given the t will <br /> become <br /> say the <br /> mins case mup tE[will The assessment ill bacons lien '< <br /> against the property and x111 be for a term of 20 years. <br /> Celia Strong o£the engineering Department sand the final project 4.," <br /> estimated <br /> cost was t[ ted to be 823,040 a pared preliminary rs;' <br /> casm[uof*34,500 of which the majority of h under[un f�AA <br /> ys rrbntable t combining this LID with he 1985'Neighborhood <br /> Improvement Project. At the formation hearing it was determined 4,14,�� <br /> that a Special enefit Analysis was not necessary for this project <br /> in ts <br /> that all properties w rmllarly situated, i.e. all lots were <br /> zoned Ry <br /> C-2, a C ial Light Industrial equal in depth. <br /> The preliminary assessment was bases on the Area Method of <br /> assessment <br /> due t commercial properties usually being bought and <br /> sola bythe square foThe Pinel apse' e menta wecalculated In <br /> the amanner. Notices were mailed to the individuals listed o <br /> the Treasurer''[all for Snohomish County and published pursuant to k3 <br /> RCN 35.44.090. ,,"t. <br /> Presydent Gipson asked if there were any protests and Me. Strong ' 1j <br /> replied she had received none. She asked that the ordinance be <br /> amended by inserting the fure of 823,040 in Section 1 on pa3 <br /> ' page 2 <br /> umber 20 and 8.88 in Section 3 on page 2 and 128 in Section <br /> on page 3. <br /> ved by C ncilmanStephana0n,seconded by Councilman Overstreet to <br /> close the public hearing. �.,. <br /> esestnr Giopson as ed 'f anyone "raped t speak on the final t <br /> assessment r 11 of LIO 720 dna no one replies <br /> Roll was called with all councilmen voting yea. <br /> Motion carried. :r(! <br /> COUNCIL BILL NO.866-47 <br /> PIN6L READING <br /> AN ORDINANCE approving and confirming the assessments and !+ y <br /> assessment roll of Local Improvement District No.720 for the <br /> improvement of 3800 block of Smith Ave. b <br /> as rovided eOrd. yy <br /> 1142-85, and levying and assessing the cost and penes <br /> ' roll. <br /> 1 4 <br /> No. <br /> ' <br /> hereof against the several lots,: ,parcels of land and j w� <br /> other property as shown on the assessment p 11. P �..I <br /> moved by Councilman Overstreetseconded by Councilman Poe that <br /> this is declared to be the final reading of Council B11 4866-47 and <br /> the City C erk Se directed to call the roll EOr the final diapoaiton <br /> of the ordinance. <br /> 1166. N1va,Stephavaov,Gipson,Morrow <br /> NAYS ane <br /> N °'aPeetreetI <br /> Ordinance No.1268-86 adopted. 'kp <br /> 4,i, <br />