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JUL 2 4 1990, <br />RooK �'' E'72 <br />RESOLUTION NO. 90- 88 <br />A RESOLUTION OF INDIAN RIVER COUNTY PROVIDING FOR <br />A WATER DISTRIBUTION SYSTEM TO BE INSTALLED IN <br />CITRUS GARDENS; PROVIDING THE TOTAL ESTIMATED <br />M -ST, 1G1r=_0_707P PAYMENT OF ASSESSMENTS, NUMBER OF <br />ANNUAL INSTALLMENTS, AND, LEGAL DESCRIPTION OF <br />AREAS SPECIFICALLY SERVED. <br />WHEREAS, the Board of County Commissioners of Indian <br />River County has determined that the improvements herein <br />described are necessary to promote the public welfare of <br />the county and has determined to defray the cost thereof by <br />special assessments against the properties specially <br />benefited thereby, which improvements are hereinafter <br />referred to as Project No. UW -89 -17 -DS, <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 determine that a water <br />distribution system shall be installed in CITRUS GARDENS, <br />and the cost thereof shall be specially assessed in <br />accordance with the provisions of §11-42 through §11-47 of <br />the Code of Laws and Ordinances of Indian River County. <br />2. The total estimated cost of the above-described <br />improvements is shown to be $208,373 (or $0.179544137 per <br />square foot) to be paid by the property specially benefited <br />as shown on the assessment plat on file with the Department <br />of Utility Services. <br />3. A special assessment in the amount of $0.179544137 <br />per square foot shall be assessed against each of the <br />properties designated on the assessment plat. This <br />assessment may be raised or lowered by action of the Board <br />of County Commissioners after the pubic hearing required by <br />the referenced County code. <br />4. The special assessments shall be due and payable <br />and may be paid in full within 90 days after the date of the <br />resolution of the Board with respect to credits against the <br />special assessments after completion of the improvements <br />(the "Credit Date") without interest. <br />48 <br />