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Page 2 <br /> 7th Place Petition Millings Project <br /> (63rd Avenue to 60th Avenue) —Pine Tree Park Subdivision <br /> For January 8, 2013 BCC Meeting <br /> FUNDING <br /> The total estimated project cost= $90,398.93 <br /> 75%to be paid by property owners = $67,799:20 <br /> 2% Collection fee (75%figure $1,355.98 <br /> Total assessment= $69,155.18 <br /> 25% to be paid by the County = $22,599.73 to be allocated from the Road and Bridge Petition Paving <br /> Account No. 11121441-035510-13010 7 thPlace/Pine Tree Park(60th Avenue-63rd Avenue) <br /> RECOMMENDATION <br /> 1) Adopt the resolution providing for the millings installation for 7th Place Petition Milling Project <br /> between 63rd Avenue and 601h Avenue in the Pine Tree Park Subdivision subject to the terms <br /> outlined in the resolution. The Board of County Commissioners shall establish the applicable <br /> interest rate at the time the final assessment roll is approved. <br /> 2) Allocate$22,599.73 from the Road and Bridge Petition Paving Account No. 11121441-035510- <br /> 130107 th Place/Pine Tree Park(60th Avenue-63rd Avenue) <br /> 3) Adopt a resolution setting the time and place of the Public Hearing.—February 12,2013,at 9:05 <br /> am. <br /> ATTACHMENTS <br /> 1. Providing Resolution <br /> 2. Setting Resolution for Public Hearing <br /> 3. Cost Estimate <br /> 4. Assessment Roll and Assessment Plat <br /> DISTRIBUTION <br /> 1. Terry Cook, Road& Bridge Superintendent <br /> 2. Vincent M. Burke, P.E., Director of Utilities Services <br /> APPROVED AGENDA ITEM <br /> FOR January 8. 2013 <br /> Indian River County Approved Date <br /> By Administration <br /> Budget Z (3 <br /> Legal <br /> Utilities <br /> Public Works (/inn.. 12 26 <br /> Engineering q / <br /> F:\Public Works\ENGINEERING^DIVISION PROJECTS\1212-7th Place-60th Ave to 63rd Ave-Petition Paving\Admim\agenda items\1212-7th 80 <br />