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RESOLUTION NO. 2007- 041 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 Improvements are completed. 5. There is presently on file with the Department of Utility Services an assessment plat showing the area to be assessed, plans and specifications for the Improvements 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 Department of Utility Services 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 County Code Section 206.04. 8. Resolution No. 2007-031 is hereby rescinded in its entirety. The resolution was moved for adoption by Commissioner 0' Bryan and the motion was seconded by Commissioner Davi s and, upon being put to a vote, the vote was as follows: Chairman Gary C. Wheeler Aye Vice Chairman Sandra L. Bowden Aye Commissioner Wesley S. Davis Aye Commissioner Joseph E. Flescher Aye Commissioner Peter D. O'Bryan Aye The Chairman thereupon declared the resolution duly passed and adopted this 1 st day of May, 2007. BOARD OF_COUNTY COMMISSIONERS INDIAN RIVER COUNTY, FLORIDA Attest: J. K. Barton, Clerk By: .2& By: Gary�C. Wheeler, Chairman Deputy Clerk Ap oved as to form and legal sufficiency: ian E. Fel ssistant County Attorney