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RESOLUTION NO. 87- 50 A RESOLUTION OF THE BOARD OF COUNTY COMMISSIONERS OF INDIAN RIVER COUNTY, FLORIDA, PROVIDING FOR CERTAIN PAVING AND DRAINAGE IMPROVEMENTS TO ST. CHRISTOPHER LANE EAST OF A -1-A, 3RD STREET FROM 32ND AVENUE TO DEAD END, 110TH PLACE EAST OF US 1, 110TH STREET EAST OF US 1, 11TH COURT SW NORTH OF OSLO ROAD, 18TH AVENUE BETWEEN IST STREET SW AND 1ST PLACE, 17TH AVENUE NORTH OF 37TH STREET, ,14TH AVENUE BETWEEN 2ND STREET AND 1ST STREET SW, 32ND TERRACE - SUBURBAN ACRES AND COMMERCE AVENUE; PROVIDING THE TOTAL ESTIMATED COST, METHOD OF PAYMENT, OF ASSESSMENTS, NUMBER OF ANNUAL INSTALL- MENTS, AND LEGAL DESCRIPTION OF THE AREA SPECIALLY BENEFITED. WHEREAS, the County Public Works Department has received public improvement petitions, signed by more than 2/3 of the owners of property for some of the following streets in the areas and others have been recommended by the Board of County Commissioners, to be specially benefited, requesting paving and drainage improvements to ST. CHRISTOPHER LANE EAST OF A -1-A, 3RD STREET FROM 32ND AVENUE TO DEAD END, 110TH PLACE EAST OF US 1, 110TH STREET EAST OF US 1, 11TH COURT SW NORTH OF OSLO ROAD, 14TH AVENUE BETWEEN 2ND STREET AND 1ST STREET SW, 18TH AVENUE BETWEEN 1ST STREET SW AND 1ST PLACE, 17TH AVENUE NORTH OF 37TH STREET, 32ND TERRACE - SUBURBAN ACRES AND COMMERCE AVENUE; and WHEREAS, the petitions have been verified and. meet the requirements of Section 11-23, Indian River County Code of Laws and Ordinances; and cost estimates have been completed by the Public Works Division; and WHEREAS, the total estimated cost of the pr posed im- provements is TWO HUNDRED SEVENTY SEVEN THOUSAND, FIFT DOLLARS ($277,050) ; and WHEREAS, the special assessments provided hereunder shall, for any given record owner of property within the area special- ly benefited, be in an amount equal to that proportion of seventy-five percent (75%) of the total cost of the project as follows: (a) if the assessment is calculated by the front footage method, the number of lineal feet of road frontage ownd by the r �neal given owner in relation to the total numbeof 1feet of road frontage within the area specially benefited, and (b) if the assessment is calculated per parcel, the potential number of buildable lots which are owned by the g.ven owner in relation to the total number of parcels within the area specially benefited, and WHEREAS, the special assessment shall become due and payable at the Office of the Tax Collector of Indian River County ninety (90) days after the final determination of the special assess- ment pursuant to Section 11-34, Indian River County Code of Laws and Ordinances; and WHEREAS, Indian River County shall pay the remaining twenty-five percent(25o) of the total cost of the project; and JUN 9 1987 BOOK