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• <br /> Macaulay & Associates, Ltd. <br /> 2927 Colby Avenue, Suite 100 <br /> Everett,WA 98201 <br /> (425) 25 8-2611-Everett <br /> (206)382-9711-Seattle <br /> (425)252-1210-Fax <br /> Charles R.Macaulay,MAI Paul C.Bird,CPA <br /> Robert J.Macaulay,MAI Richard J.DeFrancesco <br /> Jim E.Dodge Debra L.Hudgins <br /> Yvonne Alexander-Smith Brett M.Tolpin <br /> September 11, 1997 <br /> Mr. Lon Mayberry, LID Coordinator <br /> City of Everett <br /> Public Works Department <br /> 3200 Cedar Street <br /> Everett, WA 98201 <br /> Re: Segregation of LID No. 714A assessment for Olivia Park Associates property currently identified as <br /> Treasurer's Account No. 0008. <br /> Dear Mr. Mayberry: <br /> This letter is in reference to segregation of the LID assessment levied against the parcel identified below. The current <br /> owners of the property have requested segregation of the above-referenced assessment; after reviewing the situation <br /> pertaining to the proposed segregation, it is our opinion that division of the assessment in the following manner will <br /> preserve the security of the bonds issued to finance the local improvement district. Parcel No. 5 consists of 17,384 <br /> SF dedicated to wetlands mitigation and is not buildable. Because it receives no benefit from the improvements,no <br /> portion of the remaining balance of the original assessment is allocated thereto. <br /> Existing LID Parcel <br /> Tax Account No. 242804-1-017-0005 <br /> Treasurer's No. 0008 <br /> Original Assessment: $214,457 <br /> Current Principal Balance: $117,951.34 <br /> Segregated LID Assessments* <br /> Parcel No. Segregated Assessment <br /> 1 $52,309.53 <br /> 2 $22,955.91 <br /> 3 $17,002.21 <br /> 4 $25,683.69 <br /> 5 - 0 - <br /> Total $117,951.34 <br /> *The worksheet on the following page provides more detail on the proposed segregation. <br /> Sincerely, <br /> MACAULAY&ASSOCIATES, LTD. <br /> moi . - _ ._ • .. - a , <br /> fonne E. Alexander-Smith, Associate Appraiser <br /> YEAS:krh <br />