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Providing (First Reso.) 4/22/04(ENG)RES 1.MJM\ktp RESOLUTION NO. 2005- 032 A RESOLUTION OF THE BOARD OF COUNTY COMMISSIONERS OF INDIAN RIVER COUNTY, FLORIDA, PROVIDING FOR CERTAIN PAVING AND DRAINAGE IMPROVEMENTS TO 31stAVENUESW FROM 13th STREET SW TO 10th STREET SW AND 32nd AVENUE SW FROM 13TH STREET SW TO 11TH STREET SW AND INCLUDING THE INTERSECTING STREETS (12th ST SW AND 11th STREET SW) IN GROVENOR ESTATES SUBDIVISION, PROVIDING THE TOTAL ESTIMATED COST, METHOD OF PAYMENT OF ASSESSMENTS, NUMBER OF ANNUAL INSTALLMENTS, AND LEGAL DESCRIPTION OF THE AREA SPECIFICALLY BENEFITTED. WHEREAS, the County Public Works Department has been petitioned for Road Paving and Drainage Improvement for 30 Avenue SW from 13th Street SW to 10th Street SW and 32nd Avenue SW from 13TH Street SW to 11TH Street SW and including the intersecting streets (12th St. SW AND 11th St. SW) IN GROVENOR ESTATES SUBDIVISION WHEREAS, the construction of paving and drainage improvements by special assessment funding is authorized by Chapter 206, Section 206.01 through 206.09, Indian River County Code; and cost estimates and preliminary assessment rolls have been completed by the Public Works Department; and the total estimated cost of the proposed paving and drainage improvements is THREE HUNDRED SIXTY THOUSAND, SIX HUNDRED EIGHTY THREE DOLLARS and SEVENTY FOUR cents ($360,683.74); and WHEREAS, the special assessment provided hereunder shall, for any given record owner of property within the area specially benefited, be in an amount equal to that proportion of seventy-five percent (75%) of the total cost of the project plus 2% collection fee ($275,923.06) which the number of acreage owned by the given owner bears to the total number of acreage within the areas specially benefited and twenty-five percent (25%) of the total cost of the project F:\ENGINEERING\PETITION PAVING\0420 31ST 32ND AVE SW - 13TH ST SW TO 10TH ST SW GROVENOR EST\0420 RESOLUTION- PROVIDING-MJM.DOC 1