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Home My WebLink AboutRES 3340 • CITY OF RENTON,WASHINGTON RESOLUTION NO. 3340 A RESOLUTION OF THE CITY OF RENTON, WASHINGTON, SEGREGATING ASSESSMENTS IN L.I.D. NO. 332 LOCATED IN THE VICINITY OF OAKESDALE AVENUE SOUTH AND SOUTH 7TH STREET WHEREAS,the City of Renton has been requested to segregate certain assessments for local improvement District#332 as it relates to Parcel 1B;and WHEREAS, the original assessment role for L.I.D. #332 was approved on August 19, 1988;and WHEREAS,Parcel 1B was segregated from Parcel 1 of LID No. 332 by Resolution No. 2809;and WHEREAS,Parcel 1B is described on Exhibit A attached hereto and made a part hereof as if fully set forth herein;and M WHEREAS,the amount of the lump sum assessment for Parcel 1B,as of its segregation from Parcel 1,was$810,142.01 and the current principal balance is$347,203.77; and WHEREAS, the owner of Parcel IB, Black River-Rivertech LLC, has agreed to segregate the assessments based on the respective square footages of their ownerships;and WHEREAS, the segregates will not jeopardize the security of the lien for such assessments, or reduce the security for any outstanding local improvement district applications payable from such assessment, NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF RENTON, WASHINGTON,DO RESOLVE AS FOLLOWS: SECTION I The above findings are true and correct in all respects. oVatasab tipuitill •,,'�`,`��' y �F REAroy,,; CERTIFICATE V .Y. !,the undersigned, Gerry Clerk of the City of Renton, Washington,certify that this is a true SEAL *I and correct copy of ifi-c1TIo A/ 43'/o x �~ � Subscribed and S-, ed this/VnV d. of ► -�" 1 92 gA�RAT ED St.?'‘* �Q ``�`�� "IA/ ._. . ,.C ! lerk �mmntnnnpa SECTION H. The Finance and Information Services Director of the City of Renton is ordered to segregate the original assessments of Parcel lB of L.I.D. No. 332 into amended parcels 1B1, 1B2, 1B3 and 1B4, as legally described in Exhibit B attached hereto, with the tracts bearing the following assessments: LID No. 332 Segregated Parcel Square Footage Segregated Assessment Numbers For Each Parcel 1B1 225,337 $114,427.47 1B2 106,078 $ 53,865.19 1B3 214,611 $108,976.85 1B4 137,729 $ 69,937.26. SECTION III. The total of these segregated assessments equal the total unpaid assessments before segregation and, if that should not be, than each assessment will be increased proportionately to the ratio that its square footage bears to the total square footage until the sum L7 of the assessments for the parcels will total the unpaid assessment before segregation. 1 SECTION IV. Since this segregation is necessitated in part by the acquisition of CIO 0) one parcel by the City of Renton, the City waives its processing, engineering and clerical fees for this segregation. PASSED BY THE CITY COUNCIL this'7th day of August , 1998. viO Marilyn PJ ers T! City Clerk APPROVED BY THE MAYOR thisl 7th day of August , 1998. Jes anner, Mayor Approved as to form: OetA.A.)--#42A-A-e-P Lawrence J. Warren, City Attorney RES.662:7/15/98:as. Date of Publication: 8/24/98 C', Cd N L7 LID NO. 332 EXHIBIT A EXISTING PARCEL 1B Amount of Remaining Assessment: $810,142.01 Existing Legal Description: TAX ACCOUNT NO. 918800-0143 THAT PORTION OF TRACT B, WASHINGTON TECHNICAL CENTER, AS RECORDED IN VOLUME 122 OF PLATS, PAGES 98 TO 102, RECORDS OF KING COUNTY, WASHINGTON, LYING NORTHERLY OF BOTH OAKESDALE AVENUE SOUTHWEST AND SOUTHWEST SEVENTH STREET AS DEEDED TO THE CITY OF RENTON BY DEED FILED UNDER RECORDER'S NO. 8702100643, AND WESTERLY OF NACHES AVENUE SOUTHWEST AS DEEDED TO THE CITY OF RENTON BY `D DEED FILED UNDER RECORDER'S NO. 870210.0644:RECORDS OF SAID COUNTY, CONTAINING 683,755 SQUARE FEET FOR 15.7425 ACRES, L7 MORE OR LESS. gri GO C LID NO. 332 EXHIBIT B PROPOSED PARCEL 1B1 Amount of Remaining Assessment: $114,427.47 New Legal Description: Lot 1 of City of Renton Short Plat No. 98-074-SHPL, as recorded under King County Recording No. 9809109004 Records of King County, Washington. TAX ACCOUNT NO. 918800-0152 PROPOSED PARCEL 1B2 Amount of Remaining Assessment: $53,865.19 New Legal Description: _Lot 2 of City of Renton Short Plat No. 98-074-SHPL, as recorded CD under King County Recording No. 980910.9004 Records of King County, Washington. e•I L7 e-4 TAX ACCOUNT NO. 918800-0143 PROPOSED PARCEL 1B3 Amount of Remaining Assessment: $108,976.85 New Legal Description: Lot 3 of City of Renton Short Plat No. 98-074-SHPL, as recorded under King County Recording No. 9809109004 Records of King County, Washington. TAX ACCOUNT NO. 918800-0153 PROPOSED PARCEL 1B4 Amount of Remaining Assessment: $69,937.26 New Legal Description Lot 4 of City of Renton Short Plat No. 98-074-SHPL, as recorded under King County Recording No. 9809109004 Records of King County, Washington. TAX ACCOUNT NO. 918800-0154 Lt, I CD r- CITY OF RENTON, WASHINGTON RESOLUTION NO. 3 3 4 0 A RESOLUTION OF THE CITY OF RENTON, WASHINGTON, SEGREGATING ASSESSMENTS IN L.I.D. NO. 332 LOCATED IN THE VICINITY OF OAKESDALE AVENUE SOUTH AND SOUTH 7TH STREET WHEREAS, the City of Renton has been requested to segregate certain assessments for local improvement District#332 as it relates to Parcel 1B; and WHEREAS, the original assessment role for L.I.D. #332 was approved on August 19, 1988; and WHEREAS, Parcel 1B was segregated from Parcel 1 of LID No. 332 by Resolution No. 2809; and WHEREAS, Parcel 1B is described on Exhibit A attached hereto and made a part hereof as if fully set forth herein; and WHEREAS, the amount of the lump sum assessment for Parcel 1B, as of its segregation from Parcel 1, was $810,142.01 and the current principal balance is $347,203.77; and WHEREAS, the owner of Parcel 1B, Black River-Rivertech LLC, has agreed to segregate the assessments based on the respective square footages of their ownerships; and WHEREAS, the segregates will not jeopardize the security of the lien for such assessments, or reduce the security for any outstanding local improvement district applications payable from such assessment, NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF RENTON, WASHINGTON, DO RESOLVE AS FOLLOWS: SECTION I. The above findings are true and correct in all respects. RESOLUTION NO. 3 3 4 0 SECTION H. The Finance and Information Services Director of the City of Renton is ordered to segregate the original assessments of Parcel 1B of L.I.D. No. 332 into amended parcels 1B1, 1B2, 1B3 and 1B4, as legally described in Exhibit B attached hereto, with the tracts bearing the following assessments: LID No. 332 Segregated Parcel Square Footage Segregated Assessment Numbers For Each Parcel 1B1 225,337 $114,427.47 1B2 106,078 $ 53,865.19 1B3 214,611 $108,976.85 1B4 137,729 $ 69,937.26. SECTION III. The total of these segregated assessments equal the total unpaid assessments before segregation and, if that should not be, than each assessment will be increased proportionately to the ratio that its square footage bears to the total square footage until the sum of the assessments for the parcels will total the unpaid assessment before segregation. SECTION IV. Since this segregation is necessitated in part by the acquisition of one parcel by the City of Renton, the City waives its processing, engineering and clerical fees for this segregation. PASSED BY THE CITY COUNCIL thisl 7th day of August , 1998. )t)/ ,%,._ Marilyn P vers Vii! City Clerk APPROVED BY THE MAYOR thisl 7th day of August 1998. Jes anner, Mayor 2 RESOLUTION NO. 3 3 4 0 Approved as to form: to/ e"-"r41‘a' Lawrence J. Warren, City Attorney RES.662:7/15/98:as. Date of Publication: 8/24/98 3 RESOLUTION NO. 3 3 4 0 LID NO. 332 EXHIBIT A EXISTING PARCEL 1B Amount of Remaining Assessment: $810,142.01 Existing Legal Description: TAX ACCOUNT NO. 918800-0143 THAT PORTION OF TRACT B, WASHINGTON TECHNICAL CENTER, AS RECORDED IN VOLUME 122 OF PLATS, PAGES 98 TO 102, RECORDS OF KING COUNTY, WASHINGTON, LYING NORTHERLY OF BOTH OAKESDALE AVENUE SOUTHWEST AND SOUTHWEST SEVENTH STREET AS DEEDED TO THE CITY OF RENTON BY DEED FILED UNDER RECORDER'S NO. 8702100643,. AND WESTERLY OF NACRES AVENUE SOUTHWEST AS DEEDED TO THE CITY OF RENTON BY DEED FILED UNDER RECORDER'S NO. 8702100644, RECORDS OF SAll) COUNTY, CONTAINING 683,755 SQUARE FEET FOR 15.7425 ACRES, MORE OR LESS. 4 RESOLUTION NO. 3 3 4 0 LID NO. 332 EXHIBIT B PROPOSED PARCEL 1B1 Amount of Remaining Assessment: $114,427.47 New Legal Description: Lot 1 of City of Renton Short Plat No. 98-074-SHPL, as recorded under King County Recording No. 9809109004 Records of King County, Washington. TAX ACCOUNT NO. 9188,00-0152 PROPOSED PARCEL 1B2 Amount of Remaining Assessment: $53,865.19 New Legal Description: Lot 2 of City of Renton Short Plat No. 98-074-SHPL, as recorded under King County Recording No. 9809109004 Records of King County, Washington. TAX ACCOUNT NO. 918800-0143 PROPOSED PARCEL 1B3 Amount of Remaining Assessment: $108,976.85 New Legal Description: Lot 3 of City of Renton Short Plat No. 98-074-SHPL, as recorded under King County Recording No. 9809109004 Records of King County, Washington. TAX ACCOUNT NO. 918800-0153 5 RESOLUTION NO. 3 3 4 0 PROPOSED PARCEL 1B4 Amount of Remaining Assessment: $69,937.26 New Legal Description Lot 4 of City of Renton Short Plat No. 98-074-SHPL, as recorded under King County Recording No. 9809109004 Records of King County, Washington. TAX ACCOUNT NO. 918800-0154 6