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RESOLUTION NO. 88- 104 <br />A RESOLUTION OF INDIAN RIVER COUNTY <br />PROVIDING FOR: <br />SPECIAL ASSESSMENTS IN LIEU OF SEWER <br />IMPACT FEES FOR THE ROCKRIDGE AREA <br />. SANITARY SEWER SYSTEM <br />(E.P.A. PROJECT C120502060) <br />DESIGNATED AS PROJECT US -87 -08 -CCS <br />WHEREAS, the Board of County Commissioners of Indian River <br />County, Florida (the "Board" and the "County", respectively) has <br />determined that making available special assessments in lieu of <br />sewer impact fees with respect to the properties designated on the <br />assessment plat with respect thereto is necessary to promote the <br />public health, safety and welfare of the County, <br />NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF COUNTY <br />COMMISSIONERS OF INDIAN RIVER COUNTY, FLORIDA, as follows: <br />1. The County does hereby impose a special assessment in <br />lieu of the sewer impact fee against each of the 404 properties <br />designated on the assessment plat. In the event that the sewer <br />impact fee with respect to a property is not paid within ninety <br />(90) days after the date of written notice from the County that <br />it. <br />is due and payable (the "Notice Date"), the owner, of said property <br />shall be deemed for all purposes to have cdnsented to the special <br />assessment in lieu of the sewer impact fee against said property. <br />In the event that the owner of a property shall have consented with <br />respect to said property, the sewer impact fee with respect to said <br />property shall not be imposed, anything to the contrary contained <br />in any ordinance or other„provision of law notwithstanding. <br />2. The special assessments in lieu of sewer impact fees <br />hereby imposed are made in accordance with the provisions of <br />Sections 11-51 through 11-53 of the Code of Laws and Ordinances of <br />the County. • <br />3. The special assessments shall be paid in 120 equal <br />monthly installments of principal plus interest. If not paid when <br />due, there shall be added a penalty of 1-1/2% of the principal not <br />paid when due. The unpaid balance of the special assessments shall <br />bear interest at a rate of 1% above the interest rate paid on the <br />OCT 11 1988 <br />62 <br />ROOF <br />74 FALE 506 <br />