2159RESOLUTION NO.2159
A RESOLUTION ALLOWING AND ORDERING A FURTHER SEGREGATION OF
ASSESSED TRACTS OF LAND IN LID #58 ATTHE REQUEST OF PARKPLACE
INVESTORS
RECITALS:
1.A request has been to the City of Moses Laketo further segregate severaltractsof land subjecttothree
assessments in LID #58 by Parkplace Investors, L.P.
M 2. The Council findsthat the segregation will notjeopardizethe lien to secure payment of the local improve
ment district obligations.
3. The original tractsof land assessed are:Final Assessment No.1(Sun City Properties)-SESW and
SWSE,Section 10,S of Highway;and Assessment No.2 (ParkPlace Investors)- Tax 3683 in POT6 &7
less Tax #11006,POT 6 &7,lessTax#'s;POT 15,16,17 less Tax #12120; &POT 28 less Tax #12130.
The tracts of land subject to assessment in LID #58 as previously segregated are:
Assessment No.
Lot#1,Parkplace Plaza Major Plat 1
Lot#2,Parkplace Plaza Major Plat 2
Lot#3,Parkplace Plaza Major Plat 11
Tract 13,less Tax #'s,Replat POT 12
Tax #12,550 inTract 13,Replat POT 13
4.The original assessment against the tract was made pursuant to LID#58 created by Ordinance #1692
dated October 10,1995.The previous segregation occurred on February 11,1997 pursuant to Resolution
#2021.
U
VJ
5.The original final assessments were:
6.
Assessment Amount
$163,141.25
Date
February 21,1 (Sun City Properties)1996
2 (Park Place Investors)$613,172.75 February 21,1996
The segregated assessments authorized by Ordinance #2021 are as follows:
Assess
Assessment ment*Amount Date
Lot #1,Parkplace Plaza #1 $233,011.24 2/11/97
Major Plat
Lot#2,Parkplace Plaza #2 $328,139.25 2/11/97
Major Plat
Lot #3,Parkplace Plaza #11 $179,098.22 2/11/97
Major Plat
Tract 13,less Tax #'s,#12 $15,004.85 2/11/97
Replat POT
Tax#12,550inTract13,#13 $21,060.44 2/11/97
Replat POT
The segregation which has been requested is as follows:
Amount Past Due Date
Parcel 1, Lot2,Parkplace Plaza Major Plat $20,000 See Parcel 3 2/9/99
from #2
Parcel 3, Lot2, Parkplace Plaza Major Plat $264,387.35 $21,875.95 2/9/99
from #2
Parcel B,Lot 3,Parkplace Plaza Major Plat
from #11
Tract 13,less Tax #'s,Replat POT
from #12
$168,222.67 $11,939.88 2/9/99
$-0-$1,000.32 $2/9/99
RESOLVED:
1.The City Council approves the requested segregation pursuant to RCW 35.44.410 subject to all past
due amounts being paidin full includingallinterest and penalties and the completion of the bindingsite
plans for Parkplace Plaza Major Plat, Lot 2 and Parkplace Plaza Major Plat, Lot 3.
2.The tracts shall bear the following assessments with regard to LID #58 due as of February 9,1999 as
follows:
Assessment
Parcel 3, Lot 2,Parkplace Plaza Major Plat
Parcel B, Lot 3,Parkplace Plaza Major Plat
Tract 13,less Tax #'s,Replat POT
3. The city Finance Director,acting as the city'sTreasurer,uponreceiptofa copy ofthis resolution,shall
cause the segregation ofthe assessment after payment of all past due amounts including all interest
and penaltiesare tendered to the cityand the completion ofthe binding site plans for Parkplace Plaza
MajorPlat, Lot2 and Parkplace Plaza MajorPlat, Lot 3.
Adopted by the City Council on February 9,1999.
ATTE
Hnance Director
Assess
ment*Amount
#14 $264,387.35
#15 $168,222.67
#12 $-0-
Mayor
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