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Section 21-55. Determination of Cost of Service. The <br />Municipal Service Taxing Unit is created for the purpose of <br />providing and maintaining the water supply and distribution <br />system within the boundary of said Unit. The Board of County <br />Commissioners of Indian River County, Florida, shall determine <br />each year the estimated cost of providing water services, in - <br />clueing capital and equipment, improvements, rental and acquisition <br />and operating and mainten,.ice costs and expenses, for the ensuing <br />County fiscal year within the boundaries of said Unit. <br />Section 21-56. Levy of Taxes, Adoption of Budget. The <br />Board of County Commissioners of Indian River County, Florida, <br />Y�> <br />hereby authorizes the levy of a tax not to exceed three (3) mills <br />on all the real and tangible property within said Indian River <br />County Water Municipal Service Taxing Unit created under the <br />provisions of this Ordinance for the purpose of providing water <br />sei-Aces within the boundary of said Unit. Said tax shall be <br />levied and a budget prepared and adopted by the Board at the <br />same time and in the same manner as the Board prepares and adopts <br />its County annual budget and levies taxes as provided by law. <br />Said taxes shall be assessed, levied, collected, remitted to and <br />accounted for at the time -and in the manner as the assessments, <br />levies, collections, remittance and accountability of taxes by <br />said Board as provided by law. Said budget shall contain all or <br />such portion of the estimated costs of providing water services <br />within the boundary of said Unit, determined under the provisions <br />of Section 21-55 of this Ordinance, as said Board shall determine <br />to be necessary to provide such services. <br />Section 21-57. Disposition of Proceeds from Levy of Taxes <br />for Water Services. Those funds obtained in a levy of a tax on <br />all real and tangible property within the boundary of said Unit <br />shall be maintained in a separate account and used solely for the <br />purpose of providing water services within the boundary of said <br />unit. <br />-2- <br />DEC 161976 <br />