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N O O 0) No. 99- 2 n WHEREAS, any special assessment not paid within said ninety (90) day period shall bear interest beyond the due date at a rate established by the Board of County Commissioners at the time of preparation of the final assessment roll, and shall be payable in two (2) equal installments, the first to be made twelve (12) months from the due date and subsequent payments to be due yearly; and WHEREAS, after examination of the nature and anticipated usage of the proposed improvements, the Board of County Commissioners has determined that the following described properties shalt receive a direct and special benefit from these improvement, to wit: Lots 1 through 3, Block E, Moreland S/D, Lots 7 through 8, Block E, Morelane S/D AND The Moreland SID, Lot 4, Bl. D, LESS Ely 100 feet & also LESS the following described parcel: Beg at SE cor of Lot 6, S 61.13 ft more or less to edge of water of an existing lake as shown on said plat, th meander Wly along edge of water to a point, said point being 53.0 ft more or less S of SW cor of Lot 6, th N to SW cor of Lot 6 th along S line to POB, LESS that portion of Lot 4, BI. D being more particularly described as follows: Beg at the found 4" x 4" concrete monument marking the SW cor of said Lot 5 NOW THEREFORE, BE IT RESOLVED BY THE BOARD OF COUNTY COMMISSIONERS OF INDIAN RIVER COUNTY, FLORIDA, as follows: 1. The foregoing recitals are affirmed and ratified in their entirety. 2. A project providing for paving and drainage improvements to 1" Street between 16th Avenue and 18th Avenue (Moreland Subdivision); heretofore designated as Public Works Project No. 9721 is hereby approved subject to the terms outlined above and all applicable requirements of Chapter 206, et seq. Indian River County Code. C:\Corel\Onice7\Yetition Paving\' 721 Res -Providing -mag wpd 2 1.