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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 5 and 6, Block A; Lots 1 and 18 Block B; as shown <br />on the Plat of Indian River Heights Unit 4 Subdivision <br />on record in Plat Book 6 Page 86 of Public Records of <br />Indian River County, Florida. <br />Lots 4 through 8 Block A; Lots 1 and 5 through 8 Block D; <br />Lots 4 through 8 Block B; Lots 1 and 10 through 13 Block C; <br />as shown on the Plat of Moreland Subdivision on record in <br />Plat Book 4 Page 12 of 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 1st Place, between 15th Avenue and 20th Avenue, hereto- <br />fore designated as Public Works Project No. 8310, is hereby <br />approved subject to the terms outlined above and all applicable <br />requirements of Ordinance 81-27. <br />The foregoing resolution was offered by Commissioner <br />Lyons who moved its adoption. The motion was seconded <br />by Commissioner Scurlock <br />and, upon being put to a vote, the <br />55 <br />6QOK PACES 1: <br />