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cc APR 1986 8001( F'AJE 96 ON MOTION by Commissioner Lyons, SECONDED by Commissioner Bowman, the Board unanimously adopted Ordinance 86-26, creating the Laurel Court Municipal Service Taxing Unit for the purpose of street lighting." INDIAN RIVER COUNTY ORDINANCE NO. 86-26 AN ORDINANCE OF INDIAN RIVER COUNTY, FLORIDA, CREATING - THE LAUREL COURT MUNICIPAL SERVICE TAXING UNIT; PROVIDING FOR THE CREATION OF THE TAXING UNIT; PURPOSE; DETERMINATION OF COST OF STREET LIGHTING SERVICE OR OTHER APPROVED SERVICE; LEVY OF ASSESSMENTS, ADOPTION OF BUDGET; EXEMPTION FROM TAXATION OR ASSESSMENTS; DISPOSITION OF PROCEEDS FROM THE DISTRICT FOR STREET LIGHTING OR OTHER PURPOSES; INCORPORATION IN CODE; SEVERABILITY; AND EFFECTIVE DATE. WHEREAS, the residents of Laurel Court Subdivision, together with the developer, Laurel Builders Corporation, have requested that the County establish a mechanism for providing street lighting service at crucial locations throughout the subdivision; and WHEREAS, the Board finds that creation of a municipal service taxing unit to raise funds through the equitable assessment of property owners throughout the subdivision is the best available means of accomplishing the desired goal; and WHEREAS, provision of street lighting of the area will further the safety, health, and well-being of all those residing and owning property within the boundaries of the district; NOW, THEREFORE, BE IT ORDAINED BY INDIAN RIVER COUNTY, FLORIDA, THROUGH ITS BOARD OF COUNTY COMMISSIONERS that: SECTION 1 CREATION OF MUNICIPAL SERVICE TAXING UNIT There is hereby established in Indian River County the Laurel Court Municipal Service Taxing Unit under the authority of, and with all those powers conferred by, the Constitution of the State of Florida, §125.01(q), and 5125.01(r), Florida Statutes. The real property included within the boundaries of this Municipal Service Taxing Unit and subject to all provisions hereof is described as follows: 24