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FUNDING: <br />Funds for this project are derived from the Assessment Fund, Assessment Fund revenues are generated from <br />connection fees paid by the benefitting property owners. <br />DESCRIPTIONACCO.UNT.NUMBER:;, <br />Approved <br />AMOUNT _ <br />Pinson Subdivision Water Assessment <br />473-169000-16525 <br />$ 48,406.95 <br />RECOMMENDATION <br />Open the public hearing and after receiving input, consider adopting Resolution No. 3 with any revisions <br />based on that public input. <br />The staff recommends that the BCC consider the following options: <br />1) Adopt Resolution No.3 with the following Items: <br />a. Cost per parcel $3,227.13 <br />b. Fifteen (15) benefitting parcels part of the special assessment lien <br />C. For benefitting parcels above in point b., allow property owners to finance the capital cost <br />of $3,227.13 for up to 10 -years, payable in ten equal yearly installments at an annual interest <br />rate of 5.00% (Set by the BCC each January) <br />LIST OF ATTACHMENTS: <br />1. Confirming Resolution (Resolution No. III) <br />B) <br />FOR: September 20, 2016 <br />Date <br />Indian River Co. <br />Approved <br />Date <br />Administration <br />Legal <br />Budget <br />7.'� N-4 <br />Utilities <br />Utilities -Finance <br />F•\Utilities\UTILITY -Engineering\Projects -Assessment Projects\OOOAssessments_2016_Proposed\PinsonSubdivision\WordDocuments\Agenda 168 <br />Resolution_iii-Pinson_Su bd ivision,09-7-2016. d ocx <br />