1988/11/30 Council Minutes - Laserfiche WebLink

November 30,1988 497 Blair Burroughs, Special LID Counsel, stated the major property owners have agreed to accept the revised assessment roll and if the City contributes the additional$333,234 to the project, they will present,aitten waivers of their right to protest LID 717. Moved by Councilmember Overstreet,seconded by Councilmember Pope to authorize the expenditure of $333,234 from half cent ges tax moraesto LIO 717, 4th Avenue West project, contingent upon receipt of waivers to right to protest from the major land owners. Roll was called with all councilmembers voting yes. Motion carried. Mr.Burroughs entered Waivers of Right to Protest from the following: Exhibit 16 lgned Waiver i Exhibit 17 Spieker Partners Exhibit 18 Glacier Lanes Exhibit 19 Roses,Int.Inc. Exhibit 20 Terra Firma Oevelopment r I Exhibit 21 Haines Charles Macauley,Appraiser of 610 Medical Dental Building,reviewed the special benefit attributable to the Nyhus property. In the course of the special benefit study of the Southpoint LID sees en n: Lo;t " g21. ,et V :s his understanding rea on the relationship of his property to the property to the North. It is comprised of a strip of homes,on single tracts,and modest, well maintained homes. The land values have increased Out to the changes in the area from residential to commercial. The Nyhus ownership consists of two lots,one with the home and one vacant with roughly 16,000 square feet, compared to approximately 8,000 square feet in the single family tracts to the North. The result is that his assessment is not only high in grass due to the larger land area,but he does not have the detraction of the house an one of his parcels. The Nyhus property is also closer to the corner than the other properties. Some of the properties to the south have already been converted to commercial use or are in the process. Mr. Macaulay Stated in his opinion the assessment is fair,it is less than the special benefit to the property, and it is in proportion to the other recommended assessments in the COO area. Hosed IC,cafttmg:Ilfn:fpe,seconded by Councilmember Stephenson to President Niva asked if anyone else wished to speak and no one replied. Motion carried.