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Providing(First Reso.) 4/22/04(ENG)RES 1.MJM\ktp <br /> RESOLUTION NO. 2007- 092 <br /> A RESOLUTION OF THE BOARD OF COUNTY <br /> COMMISSIONERS OF INDIAN RIVER COUNTY, FLORIDA, <br /> PROVIDING FOR CERTAIN PAVING AND DRAINAGE <br /> IMPROVEMENTS TO 1St ROAD FROM 35th AVENUE TO 32nd <br /> AVENUE, IN VERO BEACH HOMESITES SUBDIVISION, <br /> PROVIDING THE TOTAL ESTIMATED COST, METHOD OF <br /> PAYMENT OF ASSESSMENTS, NUMBER OF ANNUAL <br /> INSTALLMENTS, AND LEGAL DESCRIPTION OF THE AREA <br /> SPECIFICALLY BENEFITTED. <br /> WHEREAS, the County Public Works Department has been petitioned for Road <br /> Paving and Drainage Improvement for 1St Road from 35th Avenue to 32nd Avenue in Vero Beach <br /> Homesites Subdivision <br /> WHEREAS, the construction of paving and drainage improvements by special <br /> assessment funding is authorized by Chapter 206, Section 206.01 through 206.09, Indian River <br /> County Code; and cost estimates and preliminary assessment rolls have been completed by the <br /> Public Works Department; and the total estimated cost of the proposed paving and drainage <br /> improvements is TWO HUNDRED NINETEEN THOUSAND TWO HUNDRED FIFTY THREE <br /> DOLLARS and SEVENTY NINE cents ($219,253.79); and <br /> WHEREAS,the special assessment provided hereunder shall, for any given record <br /> owner of property within the area specially benefited, be in an amount equal to that proportion of <br /> seventy-five percent (75%) of the total cost of the project plus 2% collection fee ($167,729.15) <br /> which the number of acreage owned by the given owner bears to the total number of acreage within <br /> the areas specially benefited and twenty-five percent (25%) of the total cost of the project <br /> F:\ENGINEERING\PETITION PAVING\0522 1ST RD.FROM 32ND AVE.TO 35TH AVE\0522 RESOLUTION-PROVIDING-MJM.DOC <br /> 1 <br />