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Providing (First Reso.) 3/25/97(ENG)RES1.MAG\ktp <br />RESOLUTION NO. 2001- 014 <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 34TH AVENUE, 35TH AVENUE AND <br />INTERSECTING STREETS IN THE GROVENOR ESTATES <br />SUBDIVISION, PROVIDING THE TOTAL ESTIMATED COST, <br />METHOD OF PAYMENT OF ASSESSMENTS, NUMBER OF <br />ANNUAL INSTALLMENTS, AND LEGAL DESCRIPTION OF <br />THE AREA SPECIFICALLY BENEFITTED. <br />WHEREAS, the County Public Works Department has been petitioned for Road <br />Paving and Drainage Improvement for 34th Avenue, 35th Avenue and Intersecting Streets in the <br />Grovenor Estates 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 SIX HUNDRED SEVENTY NINE THOUSAND TWELVE DOLLARS and <br />THIRTY TWO CENTS ($679,012.32); and <br />WHEREAS, the special assessment provided hereunder shall, for any given record <br />owner of property within the area specially benefitted, 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 ($519,444.42) <br />which the number of acreage owned by the given owner bears to the total number of acreage within <br />the areas specially benefitted and twenty-five percent (25%) of the total cost of the project <br />($169,753.08) will <br />F:\Engineering\Kimp\Petition Paving\9918 Resolution-Providing-mag.wpd <br />11J:id (IA), <br />