11/28/1984 - Laserfiche WebLink

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treatment improvements consist of a sewage collection and treat- ment plant adjacent to State Road 60 in an unincorporated area of the County (hereinafter called "Project"). The Project will be constructed in the Following unin- corporated area of the County: Collection facility will be constructed along the State Road 60 corridor, generally between Kings Highway and I-95 with the capability of expanding in all directions, The Board has examined the assessment roll and has .determined that a portion of the cost of the Project estimated at X5,000,000 shall be assessed against the properties specially benefited thereby. The Board has approved the preliminary assessment roll -as required by law. The description of each pro- perty to be assessed and the amount to be assessed to each parcel of property may be ascertained at the office of the Clerk of the Board. The special assessments for impact fees to be levied against the properties specially benefited from the Project may be paid in cash in not exceeding 10 equal yearly installments with interest at a rate not to exceed 1% above the interest rate on the bonds or notes, as the case may be, to be issued to finance the cost of the Project. If the special assessments for impact fees are not paid when due, there shall be added a penalty at the rate of 1% per month until paid; provided, however, that such assessments may be prepaid at any time within 30 days after the Project is completed and a resolution accepting the same has been adopted by the Board, but such prepaid assessments for impact fees shall bear interest at the rate borne by the bonds or the notes, as the case may be, described above, and shall include, if deemed necessary by the Board, a prepayment fee not to exceed the applicable redemption premium, if any, for such notes or bonds, as the case may be, if they were to be redeemed -3- L_ NOV 28 1984 BooK " 59 FATE 49