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^oviding (First Reso.) = 10/4/91(legal)Vk/DC <br />RESOLUTION NO. 91- 16 5 <br />A RESOLUTION OF INDIAN RIVER COUNTY, <br />FLORIDA, PROVIDING FOR PHASE I OF THE <br />WATER MAIN EXTENSION GROWTH PLAN; <br />PROVIDING THE TOTAL ESTIMATED COST, <br />METHOD OF PAYMENT OF ASSESSMENTS, NUMBER <br />OF ANNUAL INSTALLMENTS, AND LEGAL <br />DESCRIPTION OF THE AREA SPECIFICALLY <br />SERVED. <br />WHEREAS, the Board of County Commissioners of Indian River <br />County has determined that- the improvements herein described are <br />necessf.ry to promote the public welfare of the county and has deter- <br />mined to defray the cost thereof by special assessments against certain <br />properties to be serviced by Phase I of the Water Main Extension <br />Growth Plan, located in areas on the east and west sides of 27th <br />Avenue, hereinafter referred to as Project No. UW -91 -02 -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 Phase I of the Water Main <br />Extension Growth Plan shall be installed in 1,001 properties, which <br />are located on the east and west sides of 27th Avenue, and the <br />cost thereof shall be specially assessed in accordance with the <br />provisions of Sections 11-41 through 11-47 of the Code of Laws <br />and Ordinances of Indian River County. <br />2. The total estimated project assessment cost of the above-described <br />improvements is shown to be $1,686,324.34 or $0.107138 per square <br />foot to be paid by the property specially benefited as shown on <br />the assessment plat on file with the Department- of Utility Services. <br />3. A special assessment in the amount of $0.107138 per square foot <br />shall be assessed against each of the properties designated on the <br />assessment plat. This assessment may be raised or lowered by <br />action of the Board of County Commissioners after the public <br />hearing, at the same meeting, as required by the referenced <br />County Code. <br />4. The special assessments shall be due and payable and may be paid <br />in full within 90 days after the date of the resolution of the Board <br />with respect to credits against the special assessments after <br />completion of the improvements (the "Credit Date") without <br />interest. <br />63 a h <br />0 CT 2 2 1991 <br />a -.r <br />