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MAR 71984 BOOK 56 FADE 314 RESOLUTION NO. 84-18 I A RESOLUTION OF THE BOARD OF COUNTY COMNBSSIONERS OF INDIAN RIVER COUNTY, FLORIDA, PROVIDING FOR CERTAIN ADDITIONAL ASPHALT PAVING IMPROVEMENTS TO 11TH AVENUE BETWEEN 2ND STREET AND THE SOUTH RELIEF CANAL; PROVIDING THE TOTAL ADDITIONAL COST, METHOD OF PAYMENT OF ADDITIONAL ASSESS- MENTS, NUMBER OF ANNUAL INSTALLMENTS, AND LEGAL DESCRIPTION OF THE AREA SPECIALLY BENEFITED. WHEREAS, the County Public Works Department has received a public improvement petition, signed by more than 2/3 of the owners of property in the area to be specially benefited, requesting paving and drainage improvements to 11th Avenue , between 2nd Street and the South Relief Canal; and WHEREAS, the petition has been verified and meets the requirements of Ordinance 81-27; and WHEREAS, the total estimated cost of the proposed improve- ments is $16,365.20; and WHEREAS, the County constructed paving and drainage improve- ments costing $10,119.07 along 11th Avenue in June, 1983, due to adverse weather conditions, base preparation, and asphalt placement, additional asphalt was placed in November, 1983, costing $1,985.05; and WIiEREAS, prior to placeanent of the above additional asphalt the County assessed the property owners $3.7686 -per front foot which was substantially less than the approved, advertised, preliminary estimate of $5.655 per front foot; and WHEREAS, an additional special assessment is provided hereunder and shall, for any given record owner of property within the area specially benefited, be in an amount equal to that proportion of seventy- five percent(75%) of the total additional cost of the asphalt paving which the number of lineal feet of road frontage owned by the given owner bears to the total number of lineal feet of road frontage within the area spe- cially benefited, and shall become due and payable at the Office of the Tax Collector of Indian River County ninety (90) days after the date of this resolution; and WHEREAS, Indian River County shall pay the remaining twenty- five percent(25%) of the total additional cost of the project; and WHEREAS, the rate of special assessment shall be equal to $.7190 per front foot for each owner, equaling the total additional assess- ments reflected in the attached assessment roll; and WFMREAS, this Resolution shall serve as approval for both the preliminary and final assessment rolls for this project; and WHEREAS, any special assessment not paid within said ninety (90) day period shall bear interest beyond the due date -at a rate of 12% per annum and shall be payable in two (2) equal installments, the first to be made twelve (12) months from the due date and the second to be made twenty-four(24) months from the due date; and 36