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Court House during the period of time from resolution adoption to the date of the <br />public hearing. <br />3. Public Works prepares notices of the hearing and mails same to all benefitted <br />property owners in the district boundary at least 15 days prior to the date set for <br />the public hearing. <br />4. The public hearing is conducted to determine the fate of the proposed RID.\ <br />5. The formulation of the RID may be divested within thirty days upon receipt of <br />protest from property owners within the district comprising sixty percent of more <br />of the total costs of the improvements. <br />6. The Board MAY provide as a part of the Ordinance consideration of undeveloped <br />properties terms of reimbursement and may include terms allowing a one time, <br />lump sum payment or that reimbursement shall be made over a period not to <br />exceed five years. Additional conditions are provided at RCW 35.43.188 <br />(EXHIBIT 1 attached). <br />PW suggests advertising the project with a ten percent contingency (our typical <br />maximum variation from the Engineer's estimate for awarding construction). <br />FISCAL IMPACTS: <br />Current project cost estimate is $874,270. <br />$600,614 from benefit contribution (residents). <br />Board contribution in the amount of $273,656. <br />ATTACHMENTS: <br />Exhibit 1: <br />Revised Code of Washington 35.43.188 <br />Exhibit 2: <br />RID 2018-01 Boundary Map <br />Exhibit 3: <br />RID Property owner list <br />Exhibit 4: <br />RID Formulation schedule <br />Exhibit 5: Revised Code of Washington 35.43 (complete section) <br />Page 2 of 7 <br />PUBLIC WORKS BOARD OF COUNTY COMMISSIONERS WORK SESSION STAFF REPORT <br />