HomeMy WebLinkAbout993RESOLUTION NO.
A RESOLUTION of the City of Kent,
Washington, relating to Local Improvement
District and Utility Local Improvement District
financial assistance.
WHEREAS, Local Improvement District (LID) and Utility
Local Improvement District (ULID) assessments create a financial
burden on single family, residentially zoned property that is
properly assessed based upon the potential for development, but
whose owner/occupant has limited income and further, has no
intention of development; and
WHEREAS, acquisition of rights and property by the City
to preclude development protects the interests of the property
owner and the City; NOW THEREFORE,
BE IT RESOLVED BY THE CITY OF KENT, WASHINGTON:
Section 1. Financial assistance may be provided to
those properties subject to LID or ULID assessments that qualify
pursuant to the following criteria:
A. The property subject to the assessment is
single-family residentially-zoned, but is potentially eligible for
subdivision or otherwise subject to development into two or more
lots, and the assessment is in excess of fifty (50) percent of
that of an equivalent single lot assessment within the same LID
district; and
B. The property is owner-occupied; and
c. The property is within the City limits; and
D. The LID project is a sewer or water project; and
E. The owner/occupant's combined disposable income
shall meet the standard established in RCW 84.36.381(5)(b), as now
or hereafter amended.
Section 2. The Public Works Department shall
provide notice of this financial assistance policy at meetings
concerning the formation of LIDs. Application for assistance
shall be filed on forms provided by the Public Works Department
not more than 30 days after the expiration of the period to pro-
test the formation of the LID. Necessary documents transferring
development rights shall be executed not less than 30 days before
the hearing on the final assessment roll.
section 3. Upon the establishment of a budget in the
general fund of the City of Kent, allocated toward this assistance
program, the City may acquire development rights to those eligible
property as identified in Section 1. such development rights
shall preclude the development of the property beyond that of
single family residential. The development rights shall be filed
as a matter of record. The development rights acquired shall be
eligible for repurchase at an appraised value at time of
repurchase.
Section 4. Definitions.
A. "Development Rights" mean an interest in and the
right to use or subdivide land for any and all use, purpose or
activity which is not incident to an individual single-family
residential use.
B. "Full ownership" means fee simple ownership.
c. Value of development rights shall be determined
as follows:
i. At the time of acquisition by the City, the
value of development rights shall be the difference between that
assessment based upon full ownership, and that assessment based
upon the limited individual single-family residential use.
ii. At the time of acquisition from the City by
the property owner, or successor in interest, the appraised value
of development rights means the difference between the fair market
value of the full ownership of the property and the fair market
value of the property as limited to an individual single-family
residential use.
Passed at a regular meeting o~ the City council of the
City of Kent washington this~ day of~~ 1983 .
• ~oncurred in by the Mayor of the City of Kent, this ~
day ofcr '1983. & ¥
IS'JiJlEL~ MAYOR 7=--
ATTEST:
APPROVED AS TO FORM:
I hereby certify that this is a true and correct copy of
Resolution No. 19-":.5 , passed by the City
Kent, washingt_o_n_,--"'-t....:..h-e_c<,_ day of ·~~3 _
6253-94A
- 3 -
Council of the City of
, 1983.