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RESOLUTION NO. 89-57 resolution of the Board with respect to credits against the special assessments after completion of the improvements (the "Credit Date") without interest. If not paid in full the special assessments may be paid in five equal yearly installments of principal plus interest. If not paid when due, there shall be added a penalty of 11% of the principal not paid when due. The unpaid balance of the special assessments shall bear interest at a rate of 12% from the Credit Date until paid. 5. There is presently on file with the Department of Utility Services a plat showing the area to be assessed, plans and specifications, and an estimate of the cost of the proposed improvements. All of these are open to inspection by the public at the Department of Utility Services. 6. An assessment roll with respect to the special assessments shall promptly be prepared in connection with the special assessments. 7. Upon the adoption of this resolution, the Indian River County Utilities Services Department shall cause this resolution to be published at least one time in the Vero Beach Press Journal before the public hearing required by §11-46. The resolution was moved for adoption by Commissioner Scurlock , and the motion was seconded by Commissioner Bowman and, upon being put to a vote, the vote was as follows: Chairman Gary C. Wheeler Vice -Chairman Carolyn K. Eggert Commissioner Don C. Scurlock, Jr. Commissioner Richard N. Bird Commissioner Margaret C. Bowman Aye Aye Aye Aye Aye The Chairman thereupon declared the resolution duly passed and adopted this 6th day of June , 1989, 'JUN 6 1989 BOARD OF COUNTY COMMISSIONERS INDIAN RIVER COUNTY, FLORIDA BY ±/c COIL Cary . Wheeler Chaff an 69 Boot( 76 A015 Ol5 R b