Wilburton Connections LID hearing set
September 23, 2010 · 1:17 PM
The Bellevue City Council voted Monday to declare the city’s intent to form a Wilburton Connections local improvement district. The LID would help pay for extending Northeast Fourth Street east, from 116th to 120th Avenue Northeast, and for widening 120th Avenue Northeast between Northeast Fourth and Northeast Eighth streets.
An LID is a financing method used to pay a portion of the design and construction costs for road improvements and other public works projects. It’s a way for property owners who derive a benefit from the improvements to pay a proportionate share of the project costs through assessments.
The next step in the process will be a public hearing to consider the formation of the Wilburton Connection LID, scheduled to take place at 7 p.m. Thursday, Oct. 21, in the Council Chambers at City Hall.