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.As Built (Final Reso.) 11/12/9q(rnw.a\wubuI lt)Vk/DC.14 <br /> RESOLUTION NO. 96-_L42_ <br /> A RESOLUTION OF INDIAN RIVER COUNTY, FLORIDA, <br /> CERTIFYING "AS-BUILT" COSTS FOR INSTALLATION OF <br /> NATER SERVICE IN SURBURBAN ACRES (34TH TERRACE SOUTH <br /> OF EIGHTH STREET), AND SUCH OTHER CONSTRUCTION <br /> NECESSITATED BY SUCH PROJECT/ PROVIDING FOR FORMAL <br /> COMPLETION DATE, AND DATE FOR PAYMENT WITHOUT <br /> PENALTY AND INTEREST. <br /> WHEREAS, the Board of County Commissioners of Indian River County <br /> determined that water improvements for properties located within the area of <br /> Suburban Acres (34th Terrace south of Eighth Street) are necessary to promote <br /> the public welfare of the County; and <br /> WHEREAS, on Tuesday, June 4, 1996, the Board held a public hearing at <br /> which time and place the owners of property to be assessed appeared before <br /> the Board to be heard as to the propriety and advisability of making such <br /> improvements; and <br /> WHEREAS, after such public hearing was held the County Commission <br /> adopted Resolution No. 96-67, which confirmed the special assessment cost of <br /> the project to the property specially benefited by the project in the amounts <br /> listed in the attachment to that resolution; and <br /> WhIREAS, the Director of Utility Services has certified the actual <br /> "as-built" cost now that the project has been completed is less than in <br /> confirming Resolution No. 96-67, <br /> NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF COUNTY COMMISSIONERS OF <br /> INDIAN RIVER COUNTY, FLORIDA, as follows: <br /> 1. Resolution No. 96-67 is modified as follows: The completion date for <br /> the referenced project and the last day that payment may be made <br /> avoiding interest and penalty charges is ninety days after passage of <br /> this resolution. <br /> 2. Payments bearing interest at the rate of 8.5% per annum may be made in <br /> ten annual installments, the first to be made twelve months from the due <br /> date. The due date is ninety days after the passage of this resolution. <br /> 3. The final assessment roll for the project listed in Resolution No. <br /> 96-67 shall be as shown on the attached Exhibit "A." <br /> 4. The assessments, as shown on the attached Exhibit "A," shall stand <br /> confirmed and remain legal, valid, and binding first liens against the <br /> property against which such assessments are made until paid. <br /> ��b <br />