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r MAY 41983 <br />BOOK PAGE 72 <br />a public improvement petition, signed by more than 2/3 of the <br />owners of property in the area to.be specially benefited, request- <br />ing paving and drainage improvements to 23rd Avenue, between Ist <br />Street and 4th Street; and <br />WHEREAS, the petition has been verified and meets the <br />requirements of Ordinance 81-27, and design work including cost <br />estimates has been completed by the Public Works Department; and <br />WHEREAS, the total estimated cost of the proposed <br />improvements is $55,486.36; and <br />WHEREAS, the special assessment provided hereunder <br />shall, for any given record owner of property within the area <br />specially benefited, be in an amount equal to that proportion of <br />seventyfive percent (75%) of the total.cost of the project which <br />the number of lineal feet of road frontage owned by the given <br />owner bears to the total number of lineal feet of road frontage <br />within the area specially benefited, and shall become due and <br />payable at the Office of the Tax Collector of Indian River County <br />ninety (90) days after the final determination of the special <br />assessment pursuant to Ordinance 81-27; and <br />WHEREAS, Indian River County shall pay the remaining <br />twenty-five percent (25%) of the total cost of the project; and <br />WHEREAS, any special assessment not paid within said <br />ninety (90) day period shall bear interest beyond the due date at <br />a rate established by the Board of County Commissioners at the <br />time of preparation of the final assessment roll, and shall be <br />payable in two (2) equal installments, the first to be made twelve <br />(12) months from the due date and the second to be made twenty- <br />four (24) months from the due date; and <br />WHEREAS, after examination of the nature and anticipated <br />M <br />r-- <br />