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Path, construction of the recreation path and maintenance of the <br />recreation path. The Board of County Commissioners of Indian <br />River County, Florida, shall determine each year the estimated <br />cost of providing the recreation path, including capital and <br />equipment, improvements, acquisition of land, and maintenance cost <br />and expenses for the ensuing County fiscal year within the <br />boundaries of the taxing unit. <br />SECTION 3 <br />LEVY OF TAXES, ADOPTION OF BUDGET <br />The Board of County Commissioners of Indian River <br />County, Florida hereby expresses its intent to authorize a levy of <br />a tax under the authority of the second sentence of Section 9 (b), <br />Article VII of the State of Florida Constitution and Florida <br />Statutes §125.01 (q) in an amount not to exceed 1.5 mils on all <br />real and tangible property within the South Beach Recreation Path <br />Municipal Service Taxing Unit as defined under this ordinance for <br />the purpose of providing a bicycle and pedestrian transportation <br />network within the boundaries of said unit. Tax authorized by <br />this section shall be levied and a budget prepared and adopted by <br />the County Commission at the same time and in the same manner as <br />the Board prepares and adopts its annual budget and levies taxes <br />as provided by law. All taxes under this section shall be <br />assessed, levied, collected, remitted to and accounted fbr at the <br />same time and manner as the assessments, levies, collection, and <br />remittance of taxes of the general fund by the County Commission <br />as provided by law. The budget for this taxing unit in each year <br />shall contain such portion of the estimated cost of providing a <br />bicycle and pedestrian transportation network within the <br />boundaries of said unit as determined by the Board of County <br />Commissioners to be necessary to provide the service within a <br />reasonable time. <br />SECTION 4 <br />DISPOSITION OF PROCEEDS FROM LEVY OF TAXES <br />- All funds obtained by the levy of a tax on the real and <br />tangible property within the boundaries of the South Beach <br />Recreation Municipal Service Taxing Unit shall be maintained in a <br />JUN 15 1983 -2- 8®0 :a�€ 785 <br />