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HITTIT.6 ('UCSI'1' <br />October 27. 2017 <br />Weihl Road resident <br />I V -E I" I 1 M-11111 <br />.'--. <br />P <br />Mark R. Cook, PE Director <br />RE: Proposed Road Improvement District <br />Dear Resident: <br />Kittitas County Department of Public Works notices you that the Board of County <br />Commissioners has determined that it is in the interest of the County to initiate a Road <br />Improvement District (RID) for Weihl Road in the near future. The Board is required by <br />Washington State law to notice its intention to formulate the district by resolution. Following <br />this notice, we will send a separate notice to all residents advising of the meeting time and date <br />for passage of the resolution of intent to formulate. We will further explain the process in our <br />next notice to residents. Public Works has completed an improvement design for Weihl Road <br />and delivered a cost estimate to the Board of County Commissioners. We have also prepared a <br />preliminary financial plan supporting improvement construction. Cost estimates are provided <br />below for your consideration. <br />Weihl Road Improvement District Financial Plan <br />Total project cost <br />$ <br />750,614.00 <br />Board of County Commission contribution <br />s <br />150,000.00 <br />Remaining improvement cost to residents <br />$ <br />600,614.00 <br />Proposed cost recovery period <br />15 years <br />Assumed interest rate <br />3 percent <br />Assessment basis <br />Number of lots benefited <br />Total number of lots benefited <br />66 <br />Annual assessment per lot <br />$ <br />740.09 <br />Previously, residents responded with a petition requesting formulation of the RID using an <br />estimated annual per lot assessment of $776 for a period of ten (10) years. Subsequently, the <br />411 N. Ruby St, Suite #1 TEL (509) 962-7523 <br />Ellensburg, WA 98926 FAX (509) 962-7663 <br />