1989/04/12 Council Minutes - Laserfiche WebLink

46 April 12,1909 obligated t0 the City for the coat of the improvement only. The measure of special benefits is strictly a before and after test, hatwas the property worth before the improvement and what is it worth after the improvement. The difference is the special benefit.- Brian Jones,LID Administrator,said there are e 30 property owners I the Evergreen May Gateway LID 725 e The project includes construction of street and storm drainage improvements along Evergreen Nay from just north of 46th Street to just south of 52nd Street. The purpose of the improvements is to improve traffic comtrol !loop tM1e street antl between thessstxeek tl adjacent evclel properties inclutlln g d access a ce tc parking lata antl improve pedestrian circulation and access. . Jones stated the final costs of the project is$1,404,141. Of that total, the LID participants are proposed to be assessed ssed $1,192,159` with the balance being paid by the City. He also said that due c the narrow ration of cost to benefit and the highly developed nature of the abutting properties, it is assumed that Council will not require the participants of LID 725 to rovideany form of payment guarantees for their assessments, such as ! five-percent Guaranty Fund contribution. tY, On April 29,1987,Council voted to follow the recommendation of the City's band counsel by proceeding with the design of he subject improvements, soliciting construction bids, then confirming the L. fine constructed. Council assessment llmere before the improvements actually the high Le chose proceed in this manner in light of percentage ofprotest (approximately 53 percent) when the LID was formed. Charles Macaulay,MR1,SREA,of Macaulay 6 Associates LTD., reviewed the special benefit/proportionate assessment studyfor the final roll on LID 725. He said the study utilized limited assessment salgnment techniques is Dresentetl in abridged format. Na eet0 the tabulation oPlnx ended assessments to the individual parcels is based on a cost/benefit ratio sofs98%. Mr.Burroughs presented the fallowing exhibits: '.. Exhibit No.1 Staff Report: LID 725 Exhibit No.2 slide presentation of area Exhibit No.3 Final Assessment Roll President Hive asked that the protest letters be read into the record. Ili R letter from Leven and Patricia kasparinof 5015 Alki Drive,was read protesting the amount of asses assessment and Telt the improvements 111 decrease the size of their property and prohibit direct access Prem the property to the shopping Centex. A letter from P.R.Sevenich,was read protesting the assessment o tM1e SEVCO pxope[ty. n