2016-05-09-minutes-public-works-study-session

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Again, special benefits are totaled and divided into the total LID assessment to obtain the overa!1 assessmentlbenefit ratio. The special benefit attributable to each parcel is multiplied by this constant ratio to arrive at recommended assessments. A significant variance ir. the assessment per squarefootor perfrontfoot is sometimes noted on adjacent properties. This can resultfrom the influence of factors including but not limited to existing building improvements, differences in zoning or projected intensity of use, corner influence, terrain, wetlands, ratio of frontage to area, or changes in access characteristics. Because differences in special benefitto individual properties are measured bythe special benefit analysis, the method results in a fair and equitable allocation of assessment to all parcels that is in proportion to the individual special benefit. Assessments made on a formula basis (such as zone and termini, per square foot or per front foot) may result in amounts that are not fair and equitable between parceis within the overall LID. Formula or mathematically -based assessments may be less thar, or exceed the proportionate assessments indicated by the special benefit adhering to parcels as a result of the project. Completion of the second assignment results in a special benefit study report that includes narrative and summary tabulation sections. The narrative section explainsthe assumptions made and techniques used forthe study as well as providing documentation for the conclusions shown in the final assessment roll tabulation. The tabulation section consists of a summary of recommended assessments to each benefitted parcel. As in the formation special benefit study, recommended assessments meet the following two important criteria: 1. Each recommended assessment is equal to or less than the special benefit adhering to that particular parcel. 2. Each recommended assessment is reasonably proportionate to the special benefit adhering to that parcel and to all other parcels due to the LID -funded project. The special benefit analyst is again prepared, if requested, to make a presentation at the final assessment roll hearing explaining techniques used, assumptions made, basis of special benefit and resulting recommended assessmentto each parcel. The analyst responds to LID protests or contradictory testimony in order to provide unbiased information to property owners and the hearing authority. Testimony of the analyst/appraiser, along with the special benefit study report as an exhibit, is ,made part of the record during the final assessment roll hearing. Summary of LID Speciai Benefit Analysis Major Phases 1 Recommend an LID boundary that encompasses all property specially benefitted by the proposed LID project, if requested by the client. 2. Document economic feasibility of the project, with separate analysis of alternative project improvements, if appropriate. 3. recommend assessments that are proportionate to the special benefit adhering to each assessable parcel. 56 Local and Hand Improvement Districts Manual for Washington State Sixth Edition