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76-- <br />Providing (First Reso.) 4/22/04(ENG)RES 1.MJM\ktp <br />RESOLUTION NO. 2007- 052 <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 10th COURT SW FROM 9th STREET SW <br />(OSLO ROAD) TO 7th STREET SW, INCLUDING THE <br />INTERSECTING STREETS IN OSLO PARK SUBDIVISION, <br />PROVIDING THE TOTAL ESTIMATED COST, METHOD OF <br />PAYMENT OF ASSESSMENTS, NUMBER OF ANNUAL <br />INSTALLMENTS, AND LEGAL DESCRIPTION OF THE AREA <br />SPECIFICALLY BENEFITTED. <br />WHEREAS, the County Public Works Department has been petitioned for Road <br />Paving and Drainage Improvement for 10th Court SW from 9th Street SW (Oslo Road) to 7th Street <br />SW including the intersecting streets in Oslo Park 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 THREE HUNDRED NINETEEN THOUSAND SIX HUNDRED THIRTY SIX <br />DOLLARS AND TWENTY SEVEN cents ($319,636.27); and <br />WHEREAS, the special assessment provided hereunder shall, for any given record <br />owner of property within the area specially benefited, 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 ($244,521.75) <br />which the number of acreage owned by the given owner bears to the total number of acreage within <br />the areas specially benefited and twenty-five percent (25%) of the total cost of the project <br />F:\ENGINEERING\PETITION PAVING\0436 IOTI-I CT SW 9TI-I TO 7TH ST\0436 RESOLUTION-PROVIDING-MJM.DOC <br />1 <br />