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CCT 22 1991 1 E6 BOOK ANALYSIS Design of the water distribution system is complete. Approval of the attached Resolution III will confirm and approve the preliminary assessment. The attached map displays the area to benefit from the assessment project, which is generally bordered by 4th and 6th, Streets and 20th and 12th Avenues. There will be 316 1/2 lots to benefit from and be assessed in this 369 -lot subdivision, due to existing water lines on portions of 18th Court, 6th Street, 12th and 20th Avenues; 186.5, or 58.9% of the lots benefitting -have been signed for on the petition by the owners. There are 198 (owners) tax parcel I.D. numbers in the assessment. _ Possibly the only unusual aspects of this assessment is that within the project, there is a privately -owned 85,015 square foot parcel containing a lake. A.. review of this property with the Planning Department resulted in =their opinion that "it appears very likely that a couple of residences could meet the requirements to be constructed at the south end of the lake on the north side of 4th Lane;" therefore, 13,020 square feet is included in this assessment. The site containing the lake is 17.3.5 x 490 feet and was purchased in December 1989 for $19,000.00 (attached are copies of a map and memorandum). All of the lots in this project are substandard or "undersized," according to Indian River County's Comprehensive Plan, and the County Public Health Unit, Division of Environmental Health, -which require that new lots utilizing well and septic systems be a minimum of one-half acre. If served by a public water system, the lot may be reduced to one-quarter acre in size. Lots not meeting these minimum standards are called "undersized lots." 'The total estimated cost -to be assessed is $257,428.28. The cost per square foot is $0.12609965. I RECgMMENDATION ,,The staff of the Department of Utility Services recommends that the Board of County Commissioners approve Resolution III, which affirms the preliminary assessment on the subject project. t Mr. Chastain advised that in addition to the petitions in favor of the project, he would like to place on record a notarized letter from Hilda and Howard Massey who strongly support the assessment project. There were two property owners who did write letters of opposition, one of whom said their primary objection was that the petition was never submitted to them and they did not have the opportunity to speak in favor or objection. Other than that, there have been no complaints and no opposition. The petition roll has 58% in favor of the assessment project. Commissioner Scurlock asked if these people who will be assessed will be offered the 10 -year payment plan, and Administrator Chandler confirmed that they will be offered a 10 -year plan at 9-3/4%. The Chairman opened the Public Hearing and asked if anyone wished to be heard in this matter. 24