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RESOLUTION 2008-094 <br /> A RESOLUTION BY THE BOARD OF COUNTY <br /> COMMISSIONERS OF INDIAN RIVER COUNTY, <br /> FLORIDA, ESTABLISHING THE STATE ROAD 60 <br /> INTEREST SHARE FEE AMOUNT FOR SEGMENT <br /> ONE OF THE PROJECT FROM 66TH AVE TO 82ND <br /> AVENUE AND SEGMENT TWO FROM 82ND AVENUE <br /> TO 1 - 95. <br /> WHEREAS, the Board of County Commissioners enacted the State Road <br /> 60 Interest Share Fee Ordinance in 2007; and <br /> WHEREAS, the ordinance established a fee to be paid by developers <br /> whose project caused a traffic impact to two sections of State Road 60: segment <br /> one between 66th Avenue and 82nd Street; and segment two between 82nd <br /> Avenue and 1-95; and <br /> WHEREAS, when the ordinance was enacted, the amount of the interest <br /> share fee was based on the estimated cost of constructing the improvements to <br /> State Road 60 of $38,000,000 for segment one and $30,000,000 for segment <br /> two; and <br /> WHEREAS, construction bids were recently opened for segment one and <br /> the construction cost has dropped to $23,833,362 which is significantly less than <br /> the original estimate and the Board finds it necessary to change the amount of <br /> the segment one interest share fee because the cost of construction of the <br /> improvements to State Road 60 were greatly reduced; and <br /> WHEREAS, estimates for the cost of constructing segment two from 82nd <br /> Avenue to 1-95 have been reduced from $30,000,000 to $15,400,000 which is a <br /> significant reduction and the Board finds it necessary to change the amount of <br /> the segment two interest share fee because the cost of construction of the <br /> improvements to segment two of State Road 60 were greatly reduced; and <br /> WHEREAS, simultaneously to approval of this resolution, the Board <br /> amended the State Road 60 Interest Share Fee Ordinance so that the fee is <br /> established by resolution rather than ordinance, <br /> NOW, THEREFORE BE IT RESOLVED, BY THE BOARD OF COUNTY <br /> COMMISSIONERS OF INDIAN RIVER COUNTY, FLORIDA that: <br /> 1. The above recitals are affirmed in their entirety. <br /> 2. A State Road 60 Interest Share Fee in the amount of $4,054.00 per <br /> new Trip for the Segment One Improvements and $8,274.00 per <br />