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MAY 4 1993 BK UL <br />rt p <br />53 PA , <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 />usage of the proposed improvements, the Board of County <br />Commissioners has determined that the following described proper- <br />ties shall receive a direct and special benefit from these <br />improvements, to wit: <br />Lots 1 through 11, Block A; Lots 1 and 3 through 12, <br />Block B; Lots 1 and 3 through 12, Block C; Lots l <br />through 11 Block D; as shown on the Plat of Clemann <br />Estates Unit 1. Subdivision on record in Plat Book 3 Page <br />63 of the Public Records of Indian River County, <br />Florida. <br />NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF COUNTY <br />COMMISSIONERS OF INDIAN RIVER COUNTY, FLORIDA, as follows: <br />1. The foregoing recitals are affirmed and ratified in <br />their entirety. <br />2. A project providing for paving and drainage improve- <br />ments to 38th Avenue, between 4th Street and 6th Street, hereto- <br />fore designated as Public Works Project No. 8307, is hereby <br />approved subject to the terms outlined above and all applicable <br />requirements of Ordinance 81-27. <br />46 <br />