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rn No. 99- 18 WHEREAS, any special assessment not paid within said ninety (90) day period shall bear interest beyond the due date at a rate established by the Board of County Commissioners at the time of preparation of the final assessment roll, and shall be payable in two (2) equal installments, the first to be made twelve (12) months from the due date and subsequent payments to be due yearly; and WHEREAS, after examination of the nature and anticipated usage of the proposed improvements, the Board of County Commissioners has determined that the following described properties shall receive a direct and special benefit from these improvement, to wit: Lot 8, Block A, Moreland S/D, Lot 9, Block A, Moreland S/D, Lot 10, Block A, Moreland S/D, Lot 11, Block A, Moreland S/D, Lot 1, Block 13, Moreland S/D, Lot 2, Block B, Moreland S/D, Lot 3, Block B, Moreland S/D and Lot 4, Block B, Moreland S/D NOW THEREFORE, BE IT RESOLVED BY THE BOARD OF COUNTY COMMISSIONERS OF INDIAN RIVER COUNTY, FLORIDA, as follows: 1. The foregoing recitals are affirmed and ratified in their entirety. 2. A project providing for paving and drainage improvements to I8" Avenue between 1" Place & 2nd Street (Moreland S/D); heretofore designated as Public Works Project No. 9606 is hereby approved subject to the terms outlined above and all applicable requirements of Chapter 206, et seq. Indian River County Code. The foregoing resolution was offered by Commissioner Adams who moved its adoption. The motion was seconded by Commissioner and, upon being put to a vote, the vote was as follows: Chairman Kenneth R. Macht Vice -Chairman Fran B. Adams Commissioner Caroline D. Ginn Commissioner John B. Tippin Commissioner Ruth Stanbridge C:\Corel\Oniw7lPetition Paving\9606 Res-Providing-mag.wpd 2 Ay e Ay e Ay e Ay e Ay e Ginn