10b - Annual Special Assessment for Steel LMDSteel Lake
Management District
Ordinance on Time of Payment and
Delinquent Assessments
Public Works Department
Environmental Services
October 17, 2023
10/17/2023
1
Policy Question
Should Council adopt an Ordinance establishing
the time of payment, interest, and penalties to
be imposed on delinquent annual special
assessments for the Steel Lake Management
District Number 1?
Renewal Process to Date
0 Jan. — Mar. 2023: Petition created by Steel LIVID Advisory Committee
• Apr. 3: Presentation of Petition and Resolution of Intent to Reform
• Apr. 18: Adoption of Resolution setting public hearing date on the renewal
June 6: Public hearing on the renewal of the proposed District
— Adoption of Resolution renewing the Steel LIVID and calling for a vote by
affected property owners
June 7: Ballots sent out to affected property owners to vote on renewal
June 27: Voting deadline; votes tabulated with a majority in favor of renewal
Renewal Process (continued)
• July 10: Ordinance renewing Steel LMD and setting public hearing date on the
assessment roll presented to LUTC
• July 18: First reading of Ordinance renewing the Steel LMD and setting a public
hearing date on the assessment roll
• Aug. 8: Second reading and adoption of Ordinance renewing the Steel LMD and
setting a public hearing date on the assessment roll for the district
• Sept. 19: Public hearing on the proposed assessment roll
— Resolution confirming and approving special assessment roll
• Oct. 2: Ordinance establishing Time of Payment and Resolution creating LMD
advisory committee presented to LUTC
Annual Assessments
• Assessments are billed annually
through the King County Assessor.
• All property owners within the
established boundary of the LMD pay
an assessment based on property type.
• Annual revenue allows for continuous
funding of short- and long-term lake
management activities.
Delinquent Assessments
• If not paid by the deadline of May
10t" each year, assessments are
considered delinquent, and are
subject to:
— Interest: 1% per month
— Penalty: 5% of the assessment
• Minimum allowed by RCW 36.61.200
— Automatic lien against property
• If left unpaid for more than 3 years,
King County may begin foreclosure
proceedings for nonpayment.
Next Steps
• Oct. 17: First Reading of Ordinance at City Council meeting
— Adoption of Resolution on creating Steel LMD Advisory Committee
• Nov. 8: Second Reading of Ordinance at City Council meeting
— Adoption of Ordinance establishing time of payment, interest, and
penalties
• Dec. 2023: Appointment of Advisory Committee
Options Considered:
1. Forward the proposed Ordinance to Second Reading at the
November 8, 2023 City Council meeting.
2. Do not adopt the proposed Ordinance and provide direction
to staff.
Recommendation
The Mayor recommends Option 1.
Questions?
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