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Providing (First Reso.) RESOLUTION NO. 2007- 041 A RESOLUTION OF THE BOARD OF COUNTY COMMISSIONERS OF INDIAN RIVER COUNTY, FLORIDA, PROVIDING FOR WATER MAIN EXPANSION ALONG 27TH DRIVE NORTH OF 4TH STREET IN INDIAN RIVER COUNTY, FLORIDA; 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 along 27th Drive north of 4th Street in Indian River County, Florida; and WHEREAS, the Board of County Commissioners adopted Resolution No. 2007-031 on April 3, 2007, to commence the assessment process for the 8 lots described therein; and WHEREAS, 2 additional lots have requested to participate in the assessment contemplated herein; and WHEREAS, the Board of County Commissioners now desires to rescind Resolution No. 2007-031 and start the assessment process anew for its 27th Drive north of 4th Street assessment project contemplated herein, 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 specially benefit 10 properties located along 27th Drive north of 4th Street in Indian River County, Florida ("Improvements"), 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 estimated cost for the Improvements is $44,340.00 or $0.348338 per square foot to be paid by the properties 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 theassessment plat with respect to the special assessments. 3. A special assessment in the amount of $0.348338 per square foot shall be assessed against each of the specially benefited properties designated on the assessment plat area on file with the Clerk of the County. This special 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. 4. The special assessments shall be due and payable and may be `paid -in full within 90 days after the date of the as -built resolution of the Board with respect to credits against the special assessments after completion of the Improvements (the "Credit Date") without