On Monday, January 28, Council passed, and Mayor Durkan signed into law, an ordinance forming the Waterfront LID. This ordinance sets a cap of $160 million for the total LID assessment amount, (plus the amounts necessary to pay the costs of financing).
The preliminary special benefit and preliminary assessment numbers used in this LID property search tool were based on an earlier proposal to cap the LID assessment at $200 million. The numbers on this property search tool do not match the LID formation ordinance.
Starting in early 2019, the independent real estate consultant hired by the City will complete a Final Special Benefit Study, which will inform final special benefit and assessment amounts. Final assessment amounts will be established by Council during the Confirmation of the Final Assessment Roll, anticipated to begin late 2019. Property owners will be notified of their final assessment amounts and will have the opportunity to contest their individual assessment amounts during this process. We anticipate collection of assessment payments will begin in late 2020. For more information about the LID and the LID legislative process, please visit our LID webpage.
Property owners will be notified of their final assessment amounts and will have the opportunity to challenge their individual assessments during the assessment roll confirmation process, anticipated to begin in late 2019.
THIS SEARCH TOOL CAN HELP YOU:
- Determine where your property is within the LID study area
- Review your property’s preliminary special benefit and preliminary assessment