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266 <br /> July 10,1990 <br /> Blair Burroughs, Special Counsel to the City In relation to LID <br /> matters, explained the various as ye of paying for a LID.explHe <br /> then thened that if It is an impprovement that benefits a neighbot Cow <br /> then the people in that <br /> area who are getting the be,Pit ax <br /> to <br /> property tfor it. <br /> thetayCe, increase Its vfairtawill cad et provide ileantl Ee ince the <br /> property <br /> owner: pxopexty has been the who re of the impnd entThe <br /> measure owners of special benefits is before thel Ie beforet and after'hat is sit <br /> worth ithe property Worthimprovement <br /> worth after the improvement. The difference is the special benefit. <br /> Brian Jones,LID Administrator,said the LIP 724 was formed <br /> Mt the <br /> request of a petition from the property ow The purposeas to <br /> effect the construction of 100th.Street BW,abetween 4th venue Wast <br /> and Everett Nall Nay. The new street inclutled curbs, gutters, <br /> sidewalks,a twelve-Inch storm drainage sconnections. <br /> stemetions el Also c ho m ke <br /> main,and some eight-in sanitary se ex' onn <br /> moraused half-cent <br /> effective u of the nes improvements,the City u <br /> tax an tl utilities monies to Improve 100th Street SW between 4th <br /> gastax <br /> West end Evergreen Way. <br /> Mr.Jones introduced the following Exhibits: <br /> Exhibit 1 Staff Report <br /> Exhibit 2 Slides <br /> Assessment the <br /> entimprovements- <br /> Exhibit 3 <br /> Steve MaidOe, Vice President of Security Pacific, reviewed the <br /> recess for the sale of the bonds.. also remarked on the <br /> recess <br /> of the bond market and the anticipated interest rates that <br /> would be available. <br /> Buddy Brooks, Appraiser, reviewed the special benefits study she had <br /> had <br /> completed onthe approximately He stated <br /> He at the id that them recommended <br /> COObbenefit zany apPxox la y be <br /> LIP boundary stressed <br /> tresincludes all properties c specially benefited by each <br /> pxoJelt were fair rasd etlqthat uitable the special benefits assigned to each <br /> peace w e an <br /> Pr a test Letter 1 from vem ntsread.Ronald Palmmaerr,e1710 SE r testifiedtt that lheW felt ownof arcel erthe <br /> impro0 would hot hoe business as it would move traffic away <br /> from his property. <br /> tlevelopment shoultl addato Mxe Palmer,traffic businesss exposure.and increased <br /> Protest Letter 2 from Martin 0000001,7221 69th Ave NE, <br /> Oeoo00ille, <br /> owner a <br /> f parcel 12 in LID 724,was read. Mrsc eltestified <br /> hefelt the assessment t an his property was too high and that the <br /> wetlands feature of his property was not considered. <br /> Mr. Brooks stated that the wetlands aid <br /> from being developed. He said the llwnd nfactoreves considered iderer <br /> d in <br /> p <br /> the analysis. wW was ns <br />