HomeMy WebLinkAbout2467RESOLUTION NO. 2467
A RESOLUTION addressing City participation in Local Improvement Districts.
WHEREAS, the City supports the use of Local Improvement Districts (LID) and
Utility Local Improvement Districts (ULID) to fund improvements; and
WHEREAS, a LID and ULID is a method of funding improvements wherein the
property owners within the LID or ULID pay a fair share of the cost of the project based
upon the benefit received; and
WHEREAS, the City Council supports the formation of LIDs and ULIDs by funding
costs associated with project administration and engineering design to the limit of available
funding and as determined by a percentage of the project construction amount; now,
therefore,
BE IT RESOLVED by the City Council of the City of Bremerton:
That Administrative Policy and Procedure regarding "City Participation in Local
Improvement Districts" attached hereto and incorporated as Exhibit 'A" is hereby
approved.
PASSED by the City Council of the City of Bremerton on this 27th day of April, 1994.
EILEEN FITZ
Council: President
EXHIBIT "A"
CITY OF BREMERTON
ADMINISTRATIVE POLICIES AND PROCEDURES
SUBJECT:
CITY PARTICIPATION IN
LOCAL IMPROVEMENT DISTRICTS
EFFECTIVE DATE:
April 27, 1994
FILE UNDER SECTION:
FINANCE
APPROVED BY:
Resolution #2467
1-17
1. PURPOSE:
The City supports 'the use of Local Improvement Districts (LID) and
Utility Local Improvement Districts (ULID) to fund improvements which
the City cannot otherwise solely provide.
Typical improvements may include: street or alley paving, street
lighting, water, sewer or storm drainage extensions, sidewalk repairs,
etc.
2. DEFINITION:
A LID or ULID is a method of funding improvements, wherein property
owners who benefit from improvements pay a fair share of the cost of the
project. based upon the benefit received. All properties within an LID
or ULID boundary are assessed their fair share.
3. CITY CONTRIBUTION:
The City will support the formation of a LID or ULID by funding costs
"'associated with the project administration and engineering design to the
limit of available funding and the maximum percentages below:
Project Construction Amount
Maximum City Contribution
as a Percentage of Project
Construction Amount
$ 0.00 - $ 50,000.00
$ 50,000.01 - $100,000.00
$100,000.01 - $500,000.00.
Greater than $500,000.00
20%
18%
15%
12%
The City may exceed the limits stated above where appropriate to address
a City wide objective.
The City will fund its fair share assessment for City property within
any LID or ULID boundary.
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The City will maintain improvements financed through a LID or ULID.
LID OR ULID CONTRIBUTION:
The LID or ULID will finance all costs associated with the project not
covered by the City, including, but not limited to: construction,
right-of-way or land acquisition, construction inspection, environmental
documentation, short term financing, bond sale, permit fees and City
costs in excessof the maximum amounts specified in section 3.
PETITION REVIEW:
The petition, proposed district boundaries, estimated project costs and
method of assessment must be reviewed and approved by the Mayor, City
Engineer andCity Treasurer prior to circulation for signature.
APPLICABILITY:
The City support for a LID or a ULID is for existing development within
the City limits. It is not intended for use in conjunction with any
development project·
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