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Providing(First Reso.) 3/02(reso/phase3d&e)Bk/DC r t RESOLUTION NO. 2002- 020 A RESOLUTION OF THE BOARD OF COUNTY COMMISSIONERS OF INDIAN RIVER COUNTY, FLORIDA, PROVIDING FOR PHASES III-D AND III-E WATER EXPANSION IN THE CITY OF SEBASTIAN, FLORIDA (EAST AND WEST OF LACONIA STREET, BETWEEN CLEARMONT STREET AND CAPON TERRACE, AND BETWEEN GRANDUER AND GLADIOLA AVENUES); PROVIDING THE TOTAL ESTIMATED COST, METHOD OF PAYMENT OF ASSESSMENTS, NUMBER OF ANNUAL INSTALLMENTS, AND DESCRIPTION OF THE AREA TO BE SERVED. WHEREAS, the Board of County Commissioners of Indian River County has determined that the improvements herein described are necessary to promote the public welfare of the county and has determined to defray the cost thereof by special assessments against certain specially benefited properties to be serviced by a water main extension for Phase III-D and III-E in the City of Sebastian, Florida, east and west of Laconia Street, between Clearmont Street and Capon Terrace, and between Granduer and Gladiola Avenues. NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF COUNTY COMMISSIONERS OF INDIAN RIVER COUNTY, FLORIDA, as follows: 1. The County does hereby determine that a water line shall be installed to benefit 1433 lots and tracts in the Phase III-D and III-E area, east and west of Laconia Street, between Clearmont Street and Capon Terrace, and between Granduer and Gladiola Avenues in the City of Sebastian, Florida, and that the cost thereof shall be specially assessed in accordance with the provisions of Sections 206.01 through 206.09 of The Code of Indian River County. 2. The combined estimated cost for projects Phases III-D and III-E is $3,166,394.30 (rounded). For Phases III-D and III-E the estimated cost to be assessed is $0.217507 (rounded) per square foot to be paid by the property specially benefited as shown on the assessment plat on file with the Department of Utility Services. Assessments are to be levied against all lots and lands adjoining and contiguous or bounding and abutting upon the improvements and specially benefited thereby and further designated by the assessment plat with respect to the special assessments. 3. A special assessment in the amount of $0.217507 (rounded) per square foot shall be assessed against each of the specially benefited properties designated on the assessment plat. This assessment may be raised or lowered by action of the Board of County Commissioners after the public hearing, at the same meeting, as required by the referenced County Code.