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L <br />111101M <br />Providing (First Reso.) 7/0(reso/28avewater)DC/Ck <br />RESOLUTION NO. 2000- 080 <br />A RESOLUTION OF INDIAN RIVER COUNTY, FLORIDA, PROVIDING FOR <br />A WATER MAIN EXTENSION TO A PORTION OF 28TH AVENUE (NORTH <br />OF 4TH STREET); PROVIDING THE TOTAL ESTIMATED COST, METHOD <br />OF PAYMENT OF ASSESSMENTS, NUMBER OF ANNUAL <br />INSTALLMENTS, AND LEGAL DESCRIPTIONS OF THE AREAS <br />SPECIFICALLY 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 />properties to be serviced by water main extensions to 28'" Avenue north of 4M Street, <br />hereinafter referred to as Project No. UW -00 -06 -DS; <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 water lines shall be installed to benefit six lots in <br />the area of 281' Avenue north of 4`" Street, 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 total estimated cost to be assessed is $18,795.00 or $0.256861 per square foot to be <br />paid by 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 or 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 $0.256861 per square foot shall be assessed <br />against each of the properties designated on the assessment plat. This assessment may <br />be raised or lowered by action of the Board of County Commissioners after the public <br />hearing, at the same meeting, as required 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 resolution of the Board with respect to credits against the special <br />assessments after completion of the improvements (the "Credit Date") without interest. If <br />not paid in full, the special assessments may be paid in ten equal yearly installments of <br />principal plus interest. If not paid when due, there shall be added a penalty of 1-1/2% of the <br />principal not paid when due. The unpaid balance of the special assessments shall bear <br />interest until paid at a rate to be determined by the Board of County Commissioners when <br />the project is completed. <br />5. There is presently on file with the Department of Utility Services a plat showing the area to <br />be assessed, plans and specifications, and an estimate of the cost of the proposed <br />improvements. All of these are open to inspection by the public at the Department of Utility <br />Services. <br />