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ALTERNATII'ES AND A\LUYSIS A meeting was held with the property, oi,,ners of 14th Avenue on D --c. 1, 1981 at the Road and Bridge Dept. All but t .o (2) mv-ners were present. The project design was discussed, the proposed resolution was read, and the cost estimate was presented. No objections were voiced. As a result of that meeting, the staff presents the following Alternatives for consideration by the Board. Alternative # 1 Approve adoption of the proposed Resolution which contains the following: 1) Estimated cost of improvements is $ 9 , 9 81:.8 3 ,of_ which 75 6 or $7,486.36 is to be assessed to the property owners and $2,495.45 is to be paid by the County. 2) Special Assessments shall be collected by the Office of the Tax Collector in two (2) annual installments with interest established by the Board of Colony Commissioners. The County Finance Director rece::unends 12'0 interest per annum. The impact this alternative would have includes funding $2,495.45 from budgeted Road and Bridge Department Account #004-214-541-35.39 (unencumbered balance as of December 3, 1980 is approximarely 500,000), and a reduction in maintenance costs for this road of $273. per year. There is an existing culvert beneath 14th Avenue in the Indian River Farms Drainage District sublateral canal which has deteriorated and should be immediately replaced. This pipe has been ordered and will be installed -at the County's expense, since it is needed regardless of paving improvements. This pipe will be sized in accordance with the new blaster Drainage Plan. Alternative # 2 Deny adoption of the resolution. The impact this action would have in- cludes delaying this project whicz ;las been requested since 1977 by a majority of the property o,%ners. County maintenance costs of $273. per year for this road would continue. RECOM%E-NDATIONS ANBD FUNDING It is recommended that, after consideration of the required public hearing on the Project Resolution, the Board approve the following; 1) Adoption of the Project Resolution 2) Funding in the Amount of $2,495.45 from Road and Bridge Department Account x004-214-541-35.39 (unencumbered balance approximately 500,000) 3) Establish the project interest rate of 12% per annum. 4) Schedule a Public Hearing for the first Board meeting in January to consider the preliminary assessment roll as required by Special Assess- ment Ordinance ##81-27 Attorney Collins commented that we are not actually holding a formal public hearing, but rather this is regarding adoption of a Resolution which then calls for a public hearing. Mr. Davis reported that the preliminary assessment roll has been prepared and there have been no objections. Question arose as to when the property owners actually are committed to this project and Attorney Brandenburg DEC 161991 19 48 , . � : 33