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RESOLUTION NO. 2002-020 4. The special assessments shall be due and payable and may be paid in full within 90 days after the date of the resolution of the Board with respect to credits against the special assessments after completion of the improvements (the "Credit Date") without interest. If not paid in full, the special assessments may be paid in ten equal yearly installments of principal plus interest. If not paid when due, there shall be added a penalty of 1-1/2% of the principal not paid when due. The unpaid balance of the special assessments shall bear interest until paid at a rate to be determined by the Board of County Commissioners when the project is completed. 5. There is presently on file with the Department of Utility Services a plat showing the area to be assessed, plans and specifications, and an estimate of the cost of the proposed improvements. All of these are open to inspection by the public at the Department of Utility Services. 6. An assessment roll with respect to the special assessments shall promptly be prepared in connection with the special assessments. 7. Upon the adoption of this resolution, the Indian River County Utility Services Department shall cause this resolution (along with a map showing the areas to be served) to be published at least one time in the Vero Beach Press Journal before the public hearing as required by Section 206.04. The resolution was moved for adoption by Commissioner Adams and the motion was seconded by Commissioner Gi nn , and, upon being put to a vote, the vote was as follows: Chairman Ruth M. Stanbridge Aye Vice Chairman John W. Tippin Aye Commissioner Caroline D. Ginn Aye Commissioner Kenneth R. Macht Aye Commissioner Fran B. Adams Aye The Chairman thereupon declared the resolution duly passed and adopted this 9th day of Apri 1 , 2002. BOARD OF COUNTY COMMISSIONERS INDIAN RIVER COUNTY, FLORIDA Attest: J K,. Barton, Clerk � : e By: 7�Ja_.t.-tea. By. Ruth M. Stanbridg , Chairman Deputy Clerk IndiaaRirercu. Approved ate Admin. Co.Atty. Budget Dept. Risk Mgr. 2