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sp <br />BOOK 84 PAGE 187 <br />VERO LAKE ESTATES MUNICIPAL SERVICE—TAXING-UNIT <br />Administrator Chandler announced that the total proposed <br />budget for FY 91/92 is $193,800, a $34,150 decrease over the <br />current year. He explained that this MSTU was created a number of <br />years ago to provide paving and drainage in the Vero Lake Estates <br />area and is funded on a per parcel/acre basis. The current year's <br />charge is $15.00 per Parcel/Acre and the proposed charge for FY <br />91/92 is $50.00. During the BCC meeting of June 4, 1991, the Vero <br />Lake Estates Property Owners' Association brought a request before <br />the Board to increase the MSTU assessment per parcel/acre charge <br />from $15.00 to $50.00 for the next two years to generate funds <br />(approximately $400,000) for the paving of the fol.lowing roadways: <br />91st Ave. - 87th St. to 77th St. (1.0 mile) <br />79th St. - 91st Ave. to 101st Ave. (1.25 mile) <br />101st. Ave. - 79th St. to 87th St. (1.0 mile) <br />Their feeling was that with the addition of the above paved roads <br />in the subdivision, a paved loop roadway network would exist to <br />benefit the entire subdivision. The Board scheduled a public <br />hearing to be held on July 16, 1991, at 7:00 P.M. at the North <br />Indian River County Library in Sebastian. After two hours of <br />public input at that meeting, the Board approved the proposed <br />increase of assessment for the Vero Lakes MSTU to $50 per parcel/ - <br />acre for a 2 -year period and also the proposed assessment of $2.00 <br />per front foot for the properties on the roads being paved. <br />Those assessments have been included in the budget being <br />considered tonight. <br />The Board reviewed the following memo dated 8/29/91: <br />18 <br />