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RESOLUTION NO. <br />88-102 <br />the special assessments may be paid in 120 equal monthly <br />installments of principal plus interest. If not paid when <br />due, there shall be added a penalty of 11% of the principal <br />not paid when due. The unpaid balance of the special <br />assessments shall bear interest at a rate of 1% above the <br />interest rate paid on the bonds issued in connection <br />herewith from the Credit Date until paid. <br />5. There is presently on file with the Department of <br />Utility Services a plat showing the area to be assessed, <br />plans and specifications, and an estimate of the cost of the <br />proposed improvements. All of these are open to inspection <br />by the public at the Department of Utility Services. <br />6. An assessment roll with respect to the special <br />assessments shall promptly be prepared In connection with <br />the special assessments. <br />7. Upon the adoption of this resolution, the Indian <br />River County Utilities Services Department shall cause this <br />resolution .to be published at least one time in the Vero <br />Beach Press Journal before the public hearing required by <br />§11-46. • <br />The resolution was moved for adoption by Commissioner <br />Eggert , and the motion was seconded by Commissioner <br />Wheeler and, upon being put to a vote, the vote was as <br />follows: <br />Chairman Don C. Scurlock, Jr. Aye <br />Vice -Chairman Gary C. Wheeler Aye <br />Conmissiope'r Richard N. Bird Aye <br />Commissioner Margaret C. Bowman Aye <br />Commissioner Carolyn K. Eggert Aye <br />The Chairman thereupon declared the resolution duly <br />passed and adopted thisllth day of October 1988. <br />Attest <br />OCT 11 <br />g88 <br />BOARD OF COUNTY COMMISSIONERS <br />INDIAN RIVER COUNTY, FLORI.A <br />By _ <br />—6onc r ock, <br />Chairman <br />59 <br />BOOF 74 F'.4f-,L 503 <br />