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} <br />Providing (First Reso.) 8/3(meadowlark)MEFCk <br />RESOLUTION NO. 2003- 096 <br />A RESOLUTION OF THE BOARD OF COUNTY COMMISSIONERS OF <br />INDIAN RIVER COUNTY, FLORIDA, PROVIDING FOR WATER MAIN <br />EXPANSION TO MEADOWLARK WOODS SUBDIVISION (61ST AVENUE <br />N ORTH OF 41ST STREET) IN INDIAN RIVER COUNTY FLORIDA; <br />P ROVIDING THE TOTAL ESTIMATED COST, METHOD OF PAYMENT OF <br />ASSESSMENTS, NUMBER OF ANNUAL INSTALLMENTS AND <br />D ESCRIPTION OF THE AREA TO BE SERVED. <br />WHEREAS, the Board of County Commissioners of Indian River County has determined <br />that the improvements herein described are necessary to promote the public welfare of the <br />county and has determined to defray the cost thereof by special assessments against certain <br />specially benefited properties to be serviced by a water main extension to Meadowlark Woods <br />Subdivision (61st Avenue north of 41st Street) in Indian River County, Florida <br />NOW THEREFORE, BE IT RESOLVED BY THE BOARD OF COUNTY <br />COMMISSIONERS OF INDIAN RIVER COUNTY, FLORIDA, as follows: <br />1. The County does hereby determine that a water line shall be installed to specially benefit 18 <br />residential Tots located in Meadowlark Woods Subdivision (61st Avenue north of 41st Street) <br />in Indian River County, Florida ("Improvements"), and that the cost thereof shall be specially <br />assessed in accordance with the provisions of Sections 206.01 through 206.09 of The Code <br />of Indian River County. <br />2. The estimated cost for the project is $52,000.00 or $0.161031 per square foot to be paid by <br />the property specially benefited as shown on the assessment plat on file with the <br />Department of Utility Services. Assessments are to be levied against all lots and lands <br />adjoining and contiguous or bounding and abutting upon the Improvements and specially <br />benefited thereby and further designated by the assessment plat with respect to the special <br />assessments <br />3. A special assessment in the amount of $0 161031 per square foot shall be assessed <br />against each of the specially benefited properties designated on the assessment plat. This <br />special assessment may be raised or lowered by action of the Board of County <br />Commissioners after the public hearing, at the same meeting, as required by the referenced <br />County Code. <br />4. The special assessments shall be due and payable and may be paid in full within 90 days <br />after the date of the as -built resolution of the Board with respect to credits against the <br />special assessments after completion of the Improvements (the "Credit Date') without <br />interest. If not paid in full, the special assessments may be paid in ten equal yearly <br />installments of pnncipal plus interest. If not paid when due, there shall be added a penalty <br />of 1-1/2% of the principal not paid when due. The unpaid balance of the special <br />assessments shall bear interest until paid at a rate to be determined by the Board of County <br />Commissioners when the project is completed. <br />F:\Attorney\Lea\docs\reso\meadowlark woods subd spec assess water.doc <br />