2008-075 - Laserfiche WebLink

Home Browse Search

RESOLUTION NO . 2008 - 075 AN AMENDMENT TO RESOLUTION NO . 2008 - 029 OF INDIAN RIVER COUNTY THAT CERTIFIED "AS BUILT' COSTS FOR CERTAIN PAVING AND DRAINAGE IMPROVEMENTS TO 31ST AND 32ND AVENUES SW , FROM 10T" STREET SW, TO 13T" STREET SW, DESIGNATED AS COUNTY PROJECT NO . 0420 TO PROVIDE FOR AN AMENDED COMPLETION DATE , AMENDED INTEREST RATE , AND AMENDED DATE FOR PREPAYMENT WITHOUT PENALTY OR INTEREST . I . LEGISLATIVE FINDINGS . A . Pursuant to Resolution No . 2005 -049 , duly adopted by the Indian River County Board of County Commissioners on May 3 , 2005 , following a properly noticed and advertised public hearing , special assessments in the amounts set forth in the assessment roll affixed to Resolution No . 2005 - 049 were confirmed , ratified , approved , and became liens against the properties specified therein . B . On March 4 , 2008 , the Board of County Commissioners adopted Resolution No . 2008 -29 to set forth the payment dates and the interest rates applicable to the special assessment Project No . 0420 . C . Thereafter , it was determined that the interest rate and the payment dates set forth in Resolution No . 2008 -29 were incorrect and required amendment . D . The Board desires to adopt this Resolution to provide the correct interest rates and payment dates in the form of an amendment to Resolution No . 2008 - 029 . II . NOW , THEREFORE , BE IT RESOLVED BY THE BOARD OF COUNTY COMMISSIONERS OF INDIAN RIVER COUNTY , FLORIDA , that : 1 . The foregoing Legislative Findings are adopted , affirmed , and ratified in their entirety . 2 . Resolution No . 2005 -049 is modified as follows : The completion date for Project No . 0420 is declared to be June 3 , 2008 . Payments may be made without interest and penalty charges from June 4 , 2008 through and including September 1 , 2008 . Any payment made on and after September 2 , 2008 shall bear interest as set forth in this Resolution . 3 . If payment in full is not made on or before September 1 , 2008 , any and all payments made thereafter , and continuing through and including June 2 , 2013 , shall be made as follows : payments shall bear simple interest at the rate of 5 . 75 % (five and three- quarters percent) and may be made in five ( 5 ) equal installments , the first to be made on or before June 3 , 2009 , and the last to be made on or before June 2 , 2013 . Any amount of principal , with accrued interest , including payment in full , may be made at any time from September 2 , 2008 through and including June 2 , 2013 . Any payment received after June 1