1990/11/28 Council Minutes - Laserfiche WebLink

433 November 28,1990 e ordinance 1561-89 was adopted to encourage the installation [ and provide financial support toc ed single family s density multiple a areasking that existing sinor c le family homes orlow residences, multipleresidences be exempted fromthecontribution requirement. Brian Jones, Public Works, suggested a possible change to the resolution regarding the exemptions shown for single family homes. He stated that Council might add a sentence "The Public Works Director shall have authority to establish rules and regulations for Implementing the exemption from the contribution requirement." Councilman Overstreet felt that these type of exceptions should be reviewed by Council. councilman oiamond questioned the recommendation by cur consultant, an attorney,to charge 30%. the as with the method in Byron he 10 10%netlythatlIed�eps the problem w xh3Ch waapp Moved by Councilman Gipson, seconded by Councilman Anderson t0 adopt Resolution Na. 3402 establishing the amount o4 contributions LID's make to the LID Guaranty Fund as follows: WHEREAS, City Council passed Resolution 3102 on December 28, 1988 which established a policy requiring each new Local Improvement District (LID) to make contributions to the Local Improvement Guaranty Fund (Guaranty Fund) since the Guaranty Fund benefits the LIO's. The amount of contribution required in Resolution 3102 is set as a percentage o4 the cost o4 the LID For LID's coming to closure'in 1989 therate;w 5%;in 1990 the lateis 8% and in 1991 the rate will be 10%,and. a WHEREAB, requiring a contribution rate of 10%'oP LID costs i Quid possibly result v sib vt rage problems when LID bsntls ie 15sued,and WHEREAS, the Guaranty Fund balance is c rrently 12% of o ubt wring Cat oblitions and Ss mai than s P4lcient to guarantee debt service on the outstanding obligations,and WHEREAS, Ordinance 1authorizing sswex utility tyfunding to encourage installation of sanitary sewers in u ew , establishes a City policy to provide financial dort unseweretl existing single family or low density multiple xesiences. NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF EVERETT DOES HEREBY RESOLVE: L10's coming to closure after November 30, 1990, will be required to co tribute to the Guarenty Fund n emInnegamllyual o o5%lax Of the cost of the LID: provided that existing single density multiple residences shall be' pfrom sidrequirement and tthe requirement shall not aassessment property to seed the special usthe total benefits attributable ton the improvement. '9