Laserfiche WebLink
MACAULAY & ASSOCIATES LTD. <br /> REAL ESTATE APPRAISERS & CONSULTANTS <br /> 610 MEDICAL-DENTAL BUILDING <br /> 2722 COLBY AVENUE <br /> EVERETT.WASHINGTON 98201 <br /> (2061258-2611 (EVERETT) <br /> (2061382-9711 (SEATTLE) <br /> October 7, 1992 <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 #726 Assessment for Seaway Associates property <br /> currently identified as Treasurer's Account No. 0029. <br /> Dear Mr. Mayberry: <br /> This letter is in reference to segregation of the LID assessment levied <br /> against the parcel identified above. In April 1992 , a reorganization of <br /> the ownership of various lots included under Treasurer's Account No. 0029 <br /> in LID #726 resulted in title transfers between Seaway Associates (now <br /> represented by Quadrant) and Washington Services, Inc. In addition, Lot <br /> 2 has been replatted and divided into six lots. <br /> The developers of Seaway Center have been spreading the assessment burden <br /> on portions of the industrial park already sold based on a uniform amount <br /> per buildable square foot. Portions of the original $2, 020,764 assess- <br /> ment have been previously segregated, leaving a remaining principal <br /> assessment balance of $1, 293,516. 14 . Since the assessments recommended <br /> by our office were based on special benefit accruing to the buildable <br /> areas of all affected ownerships, this proposed segregation procedure is <br /> fair and equitable and will preserve the security of the bonds issued to <br /> finance the local improvement district. <br /> Please refer to the following facts and figures pertaining to this <br /> property. <br /> Existing LID Parcel <br /> Tax Acct. Nos. : 022804-2-002-0021; <br /> 022804-3-001-0005; <br /> 022804-3-004-0010; <br /> and <br /> 022804-3-008-0008 <br /> Treasurer's No. : 0029 <br /> Assessment: $1,293 , 516. 14 <br /> Current Remaining Principal Balance: $1, 099,488 . 71 <br />