partnerships & local improvement...
TRANSCRIPT
Partnerships & Local Improvement DistrictJuly 2017
Partnerships
Public• CityDepartments
– OfficeoftheWaterfront– SDOT– Parks– SPU/CityLight
• WSDOT• PortofSeattle• Tribes• KingCountyMetro• GonzagaUniversity
Private/Non-Profit• CentralWaterfrontCommittee• FriendsofWaterfrontSeattle• SeattleAquarium• PikePlaceMarket• HistoricPierOwners• DowntownSeattleAssociation• BOMA• ChamberofCommerce• SeattleParksFoundation• DevelopmentCommunity• AllianceforPioneerSquare• NeighborhoodOrgs
2
3
FUNDING
A special benefit district in which capital improvements will specially benefit primarily the
property in the district.
LOCALIMPROVEMENTDISTRICT
5
SPECIALBENEFIT
1. Total Assessments not more than Special Benefits
2. Total Assessments not more than total cost
3. Assessments are proportionate to each other
LID CRITERIASTATUTORY REQUIREMENTS
Property Owner Petitions
50% + 1 Approval Threshold
City Council Initiated
60% ProtestThreshold
Form the District
Confirm Assessments
Collect Assessments
LID PROCESSCITY + PROPERTY OWNER APPROVAL
Council Announces Intent to Form LID(by resolution)
Establish LID(by ordinance)
Assessment Amounts Set (by ordinance)
Collection Notice
Refinements and Key Decisions
Special Benefit Baseline Study
1
23
4
5
STEPS TO LID FORMATION
QUESTIONS?
10
VISITWATERFRONTSEATTLE.ORG TOREADTHE2016WORKPLAN ORCONTACTUSWITHQUESTIONS!