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RESOLUTION NO 2016-074 <br />5. The special assessments shall be due and payable and may be paid in full within 90 days <br />after the date of the as -built resolution of the Board with respect to credits against the <br />special assessments after completion of the Improvements (the "Credit Date") without <br />interest. If not paid in full, the special assessments may be paid in ten equal yearly <br />installments of principal plus interest. If not paid when due, there shall be added a penalty <br />of 1-1/2% of the principal not paid when due. The unpaid balance of the special <br />assessments shall bear interest until paid at a rate to be determined by the Board of County <br />Commissioners when the Improvements are completed. <br />6. There is presently on file with the Department of Utility Services an assessment plat <br />showing the area to be assessed, plans and specifications for the Improvements and an <br />estimate of the cost of the proposed Improvements. All of these are open to inspection by <br />the public at the Department of Utility Services. <br />7. A proposed preliminary assessment roll with respect to the special assessments is on file <br />with the Clerk to the Board and Department of Utility Services. <br />8. Upon the adoption of this resolution, the Department of Utility Services shall cause this <br />resolution (along with a map showing the areas to be served) to be published at least one <br />time in the Indian River Press Journal before the public hearing as required by Section <br />206.04 of The Code of Indian River County. <br />The resolution was moved for adoption by Commissioner Flescher , and the motion <br />was seconded by Commissioner Solari , and, upon being put to a vote, the vote <br />was as follows: <br />Chairman Bob Solari <br />AYE <br />Vice Chairman Joseph E. Flescher <br />AYE <br />Commissioner Wesley S. Davis <br />AYE <br />Commissioner Tim Zorc <br />AYE <br />Commissioner Peter D. O'Bryan <br />AYE <br />The Chairman thereupon declared the resolution duly passed and adopted this 16th <br />day of August, 2016. <br />Attest: Jeffrey R. Smith, Clerk of <br />Coourt and Comptroller <br />By: �_ ojz— <br />Ic� <br />Deputy Clerk <br />APPROVED AS TO FORM <br />AN=REINGOLD <br />BY <br />COUNTY ATTORNEY <br />BOARD OF COUNTY COMMISSIONERS <br />INDIAN RIVER COUNTY, FLORIDA <br />Bob Solari, Chairman <br />