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Providing(First Reso.) 12/00(reso/forestla)Bk/DC <br /> RESOLUTION NO. 2001- 004 <br /> A RESOLUTION OF INDIAN RIVER COUNTY, FLORIDA, PROVIDING FOR <br /> EXPANSION OF THE COUNTY'S WATER SYSTEM TO FOREST LAKE <br /> SUBDIVISION (WEST OF 43'd AVENUE AND SOUTH OF FIRST STREET, <br /> SW); PROVIDING THE TOTAL ESTIMATED COST, METHOD OF <br /> PAYMENT OF ASSESSMENTS, NUMBER OF ANNUAL INSTALLMENTS, <br /> AND DESCRIPTION OF THE AREA SPECIFICALLY SERVED. <br /> WHEREAS, the Board of County Commissioners of Indian River County has determined <br /> that the improvements herein described are necessary to promote the public welfare of the <br /> county and has determined to defray the cost thereof by special assessments against certain <br /> properties to be serviced by a water main extension to Forest Lake Subdivision (west of 43' <br /> Avenue and south of First Street, SW), hereinafter referred to as Project No. UW-00-26-DS; <br /> NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF COUNTY <br /> COMMISSIONERS OF INDIAN RIVER COUNTY, FLORIDA, as follows: <br /> 1. The County does hereby determine that a water line shall be installed to benefit 35 lots in <br /> Forest Lake Subdivision in Indian River County, Florida, and that the cost thereof shall be <br /> specially assessed in accordance with the provisions of Sections 206.01 through 206.09 of <br /> The Code of Indian River County. <br /> 2. The total estimated cost to be assessed is $191,548.51 or $0.255075 per square foot to be <br /> paid by the property specially benefited as shown on the assessment plat on file with the <br /> Department of Utility Services. Assessments are to be levied against all lots and lands <br /> adjoining and contiguous or bounding and abutting upon the improvements or specially <br /> benefited thereby and further designated by the assessment plat with respect to the special <br /> assessments. <br /> 3. A special assessment in the amount of $0.255075 per square foot shall be assessed <br /> against each of the properties designated on the assessment plat. This assessment may <br /> be raised or lowered by action of the Board of County Commissioners after the public <br /> hearing, at the same meeting, as required by the referenced County Code. <br /> 4. The special assessments shall be due and payable and may be paid in full within 90 days <br /> after the date of the resolution of the Board with respect to credits against the special <br /> assessments after completion of the improvements (the "Credit Date") without interest. If <br /> not paid in full, the special assessments may be paid in ten equal yearly installments of <br /> principal plus interest. If not paid when due, there shall be added a penalty of 1-1/2% of the <br /> principal not paid when due. The unpaid balance of the special assessments shall bear <br /> interest until paid at a rate to be determined by the Board of County Commissioners when <br /> the project is completed. <br /> 5. There is presently on file with the Department of Utility Services a plat showing the area to <br /> be assessed, plans and specifications, and an estimate of the cost of the proposed <br /> improvements. All of these are open to inspection by the public at the Department of Utility <br /> Services. <br />