11020 19TH AVE SE SCHUCKS AUTO SUPPLY 2018-01-01 MF Import

� � % � 1/I �t � � (�` 1 �r ��,�t�Jd �-��;f.�✓� ,d'! � �� °�' Septembar 9, 1982 r��u'�✓C� `„� r . /j �'� � ��,� . � �. � �1� ° � � �� ��' , ,� � � . � I lAr. hierle Cox ' P.O. Box 33357 ' il 1'ukwila, V!A 93183 i �� 5ubject: 1 l2th Street Proposed Street Improvemrnt j I Dear Merle: I� I', 7his letter is to confirm t!iat the f.ity of Everett will issue Schucks Auto Supply, Inc., a building permlt for their proposed retail develupment on the northwest ! I corner of 112th Street S.C. and t9th Avenue East upon sabmission of petitSons, ; appropriately signed by Schucks for the three alternative area proposed L.I.D. projects (for lrnprovements to 1 f 2th Street Roadway West of l9th? and payment nf approprlate permit fees. It Is understood that a final occupancy permIt for I tlie completed �roJect will not be issued until one of the L.f.D. petitions is formall.v accepted by City Council. City Council, to my knowledgrt, has never � denied acceptance ot an LiD petition prepared by City staft. Acceptance by City Council is expected to occur withi� 6Q days followin� the City's recetpt oi the petltions. I All Clty of Everett costs Incurred as a result oi' the proposed improvement will , be assessed to the benefltted properties. Other utilitles, hy franchlse or , otherwlse, that operate facilities in the public right-of-way are required to , absorb thelr own costs such as utlllty line or pole relocatlon, etc., incurred as a result of the proposed improvement. � � ~ The hall park costs involved In completing the street Improvement clepe�d h significantly on the extent of the required [m�xovement. For example, the cost " of installing typical standard improvements including an asphalt patched strlp, a storm drainage system, and curbs, gutters and sidewalks can he expected to crost about $100 per front foot for the abutting property owners. The City administering and financing the project c�•il! increase those anticipated costs by y � about 309G. More extensive improvements where existing asohalt is overlayed or � . removed to accomodate a standard improvement such as the imprnvement �' r proposed or. Casino Road is considerabiy more expensive. For example, the � Casino Road improvement is projected to !x cronstructed in l983 at a L983 cost � � of $300 per front foot. Keeptng in mInd that the Casino Road improvement costs � `- inciude $100,OG0 in ojected legal fees (Sor �roperty owners appealing the LID N F to Superior Court); �10,000 for property acquisitIon and involve a street n ` Improvement of 70 feet of street width for 1/3 of the project and 44 of street r� � width for the remaining 2/3. These kind of costs are not expected on 112th � � Street. Six months or so will be required to rnmplete the proJect. The project H = can be paid for over a period of from S to 20 years at an Interest rate of about 12 � ` to 14 percent. The longer the term, the nfgher the interest. The Sirst annual o Y; payment �vould be due approxlmately 13 months following completion of the � project. � ` � . . R � Y : c 7 � .. � �