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q <br /> ' � 9 <br /> J, <br /> Providing(First Reso.) <br /> RESOLUTION NO. 2004- 103 <br /> A RESOLUTION OF THE BOARD OF COUNTY COMMISSIONERS OF <br /> INDIAN RIVER COUNTY, FLORIDA, PROVIDING FOR WATER MAIN <br /> EXPANSION TO GREENLEAF SUBDIVISION (55TH COURT SOUTH OF <br /> 13TH STREET, SW) IN INDIAN RIVER COUNTY, FLORIDA; PROVIDING <br /> THE TOTAL ESTIMATED COST, METHOD OF PAYMENT OF <br /> ASSESSMENTS, NUMBER OF ANNUAL INSTALLMENTS, AND <br /> DESCRIPTION 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 Greenleaf <br /> Subdivision (55th Court south of 13th Street, SW) 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 speciall� benefit <br /> eight (8) residential lots located in Greenleaf Subdivision (55th Court south of 13 h Street, <br /> SW) in Indian River County, Florida ("Improvements"), and that the cost thereof shall be <br /> specially assessed in accordance with the provisions of Sections.206.01 through 206.09 of <br /> The Code of Indian River County. <br /> 2. The estimated cost for the Improvements is $60,000.00± or $0.0763615 per square foot to <br /> be paid by the properties specially benefited as shown on the assessment plat.on file with <br /> the 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 $0.0763615 per square foot shall be assessed <br /> against each of the specially benefited properties designated on the assessment plat area <br /> on file with the Clerk of the County and attached hereto 'as Exhibit "A" and incorporated <br /> herein by this reference: This special assessment may be raised or lowered by action of the <br /> Board of County Commissioners after the public hearing, at the same meeting, as required <br /> by the referenced 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 principal 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 Improvements are completed. <br /> FAAttorney\L.ea\docs\reso\spec assess resos mef green]eaf dc.doc <br />