Laserfiche WebLink
ORDINANCE NO. 2007-011 <br />AN ORDINANCE OF INDIAN RIVER COUNTY, FLORIDA <br />ESTABLISHING CHAPTER 214, CODE OF ORDINANCES; <br />IMPOSING A STATE ROAD 60 INTEREST SHARE FEE TO <br />RECOVER THE INTEREST LOSS INCURRED UNDER <br />,THE ADVANCE CONSTRUCTION OF SEGMENT <br />IMPROVEMENTS TO STATE ROAD 60 PURSUANT TO <br />ADVANCE CONSTRUCTION AGREEMENTS WITH THE <br />FLORIDA DEPARTMENT OF TRANSPORTATION; <br />PROVIDING THAT NEW DEVELOPMENT OCCURRING <br />WITHIN THE STATE ROAD 60 RADIUS OF INFLUENCE <br />SHALL PAY A STATE ROAD 60 INTEREST SHARE FEE <br />AS A CONDITION OF DEVELOPMENT APPROVAL; <br />APPROVING A TECHNICAL MEMORANDUM <br />CALCULATING THE STATE ROAD 60 INTEREST SHARE <br />FEE BASED UPON THE NEW TRIPS PROVIDED WITHIN <br />THE STATE ROAD 60 RADIUS OF INFLUENCE AS A <br />CONSEQUENCE OF THE CONSTRUCTION OF SEGMENT <br />IMPROVEMENTS TO STATE ROAD 60; DEFINING <br />CERTAIN TERMS; AND PROVIDING AN EFFECTIVE <br />DATE. <br />BE IT ORDAINED by the Board of County Commissioners of Indian River <br />County, Florida: <br />SECTION 1. CREATION OF CHAPTER 214, CODE OF ORDINANCES. <br />Chapter 214, Code of Ordinances of Indian River County, Florida is hereby adopted to <br />read as follows: <br />Section 214.01. Title. This Ordinance shall be known and may be cited as <br />the "State Road 60 Interest Share Fee Ordinance." <br />Section 214.02. Definitions. When used in this Ordinance, the following <br />terms shall have the following meanings unless the context clearly requires otherwise: <br />(a) As used in this article, the term "Advance Construction Agreements" shall <br />mean collectively: (1) that reimbursement agreement between the County and the <br />Florida Department of Transportation for the advance construction of the Segment One <br />1 <br />