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improvements; funding construction and maintenance of those improvements deemed <br />necessary or desirable; funding the on-going cost of operating the lights and to fund all <br />reasonable expenses and services related to any of the foregoing activities. <br />B. The Municipal Service Benefit Unit may fund all or any of the aforementioned <br />services or improvements through either current year funding, tax anticipation or multi- <br />year notes or bonds, provided any debt instrument or obligation made must be <br />repayable solely from revenues collected by the Municipal Service Benefit Unit pursuant <br />to the authority and means provided by this ordinance. <br />SECTION 3 LEVY OF ASSESSMENT, ADOPTION OF BUDGET <br />A. The Board of County Commissioners hereby authorizes a levy of a non ad <br />valorem assessment under the authority of section 200.04, Indian River County Code in <br />an amount determined annually based on estimated costs of providing street lighting to <br />the benefited West Wabasso Area properties for the ensuing County fiscal year as <br />defined under this ordinance for any or all of those purposes above described, on an <br />assessment per parcel/acre. <br />B. Pursuant to said authority, the Board hereby further authorizes the levying and <br />collection of non ad valorem assessments in a uniform manner for those Municipal <br />Service Benefit Unit expenditures which are determined to provide a reasonably uniform <br />special benefit to all those properties within the Municipal Service Benefit Unit against <br />which such non ad valorem assessment is made. <br />C. Non ad valorem assessments authorized by this section shall be levied and a <br />budget prepared and adopted by the County Commission at the same time and in the <br />same manner as the Board prepares and adopts its annual budget and levies taxes as <br />provided by law. <br />D. Non ad valorem assessments authorized under this section shall be assessed, <br />levied, collected, remitted to and accounted for at the same time and in the same <br />manner as the assessments, levies, collection, and remittance of taxes to the General <br />Fund by the County Commission as provided by law. The budget for this Municipal <br />Service Benefit Unit in each year shall contain that portion of the estimated cost of <br />providing services hereunder, including debt service, for which costs will be incurred in <br />the given year. <br />SECTION 4 DISPOSITION OF PROCEEDS FROM LEVY OF TAXES <br />All funds obtained by the levy of a non ad valorem assessment on the property <br />within the boundaries for the West Wabasso Area Street Lighting Municipal Service <br />Benefit Unit shall be maintained in a separate account and used solely for the purpose <br />of providing those services set forth above. <br />SECTION 5 AMENDMENT TO CODE <br />M <br />