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INDIAN RIVER COUNTY ORDINANCE NO. 85- 102 <br />AN ORDINANCE OF INDIAN ItIVEIt 000NTY, <br />FLUR11).A, AMENDING ORDINANCE NO. 84-18, <br />SECTION 8-11 "IMPACT FEE, EXPANSION POLICY," <br />AS AMENDED, SO THAT UNDER CER'T'AIN CONDIT'ION'S <br />NOT ONLY WATER AND SEWER IMPACT FEES HI1'f <br />ALL OTHER CHARGES AND FEES RELATED •I'HERE'1'O, <br />EXCEPT FOR DEPOSIT'S, MAY HE PAID OVER A <br />PERIOD OF FIVE YEARS, PLUS INTEREST; Pito- <br />VIDING AN EFFEC'T'IVE DA'L'E. <br />WHEREAS, Indian River County I)resenlly has <br />n <br />1r?-visioo for paying water or server impact fees over a periorl <br />of <br />sive yr ars at an interest rate as determiners by the Hoard; and <br />WHEREAS, there are various fees and charges <br />in <br />adrlilion to impact fees which must he pari at the <br />tirtr <br />of <br />,-nnn-ction and which amount tn a Sir hstani1:11 �1'-�lount Suoh that <br />it <br />wnnld he fair to spread their payment oYcr five v—ir< :,, is rintte <br />ells ,1'n ler and sewer impact fees: <br />NOW, THEREFORE, BE 1T ORDAINPI) HY THE BOARD <br />OF <br />COUN'T'Y COMMISSIONERS OF INDIAN RIVER COUNTY, FLORIDA, <br />that: <br />S1_U fION 1. TIkiE 1115 t,if.N jf UE I L;.� it ltttiF� <br />----------------- <br />I III L--I'IfAN IMPACT FEES <br />The second paragraph of Section F -If of <br />:ua, ndud, which presently reads as follon <br />"1'1)0n r, showing of proper hardship t,� tf <br />Cornrnission, the Commission fray allnrf in its c:,l <br />discretion payment of the water anri/or cs+;,•r <br />impact fees in Whole or in part over .e period n( <br />five ( 5 ) vears at such interest rr,te <br />determined by the Hoard." <br />h;{II hr amended to read as follows: <br />The Division of Utility Services rnav alln,v <br />payment of the water and sewer impact fees and <br />n n v and all other charges or fees, except <br />deposit fees, in Whole or in part over a period <br />Of five (5) years at an interest rate of 12',;, <br />11efore allowing such a time payment plan, the <br />Utility Services 1)irect01, shall (Icterinine that <br />the cash flow and other financial positions of <br />the Utility will not be harmed thereby. <br />SEC'T'ION 2. EFFECTIVE DATE <br />This Ordinance shall be effective as provided by Law. <br />APPROVED AND ADOPTED by the hoard of County <br />Commissioners of Indian River County, Florida, on this _18thday of <br />IleCenlbel , 1985. <br />-1- <br />