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Providing (First Resolution) RESOLUTION NO. 2015- 003 A RESOLUTION OF THE BOARD OF COUNTY COMMISSIONERS OF INDIAN RIVER COUNTY, FLORIDA, PROVIDING FOR WATER MAIN EXTENSION TO NORTH INDIAN RIVER DRIVE (ALSO KNOWN AS RIVERSIDE DRIVE) FROM 13580 TO AND INCLUDING 13680 NORTH INDIAN RIVER DRIVE IN INDIAN RIVER COUNTY, FLORIDA; PROVIDING THE TOTAL ESTIMATED COST, METHOD OF PAYMENT OF ASSESSMENTS, NUMBER OF ANNUAL INSTALLMENTS, AND DESCRIPTION OF THE AREA TO BE SERVED. WHEREAS, the Board of County Commissioners of Indian River County has determined that the improvements herein described are necessary to promote the public welfare of the county and has determined to defray the cost thereof by special assessments against certain specially benefited properties to be serviced by a water main extension to North Indian River Drive (also known as Riverside Drive) from 13580 to and including 13680 North Indian River Drive in Indian River County, Florida, NOW, i' RESOLVED BY THE :i"i OF i COMMISSIONERS OF iCOUNTY,i' i' as follows. 1 The County does hereby determine that a water line shall be extended from 13580 to and including 13680 North Indian River Drive (also known as Riverside Drive) in Indian River County, Florida, to specially benefit 17 parcels located there ("Improvements"), and that the cost thereof shall be specially assessed in accordance with the provisions of Sections 206.01 through 206 09 of The Code of Indian River County 2 Based upon the current uses, sizes, zoning and development potential of the parcels, each parcel is equally benefited by the provision of water, and thus the assessment will be equal per parcel. 3. The estimated cost for the Improvements is $99,377.58 or $5,845 74 per parcel to be paid by the properties specially benefited as shown on the assessment plat on file with the Department of Utility Services and the Clerk to the Board. Assessments are to be levied against all lots and lands adjoining and contiguous or bounding and abutting upon the Improvements or specially benefited thereby and further designated by the assessment plat with respect to the special assessments 4 A special assessment in the amount of $5,845.74 per parcel may be assessed against each of the specially benefited properties designated on the assessment plat on file with the Clerk to the Board. This special assessment may be raised or lowered by action of the Board of County Commissioners serving as the equalizing board at the public hearing, as set forth in Section 206.07 of The Code of Indian River County 5 The special assessments shall be due and payable and may be paid in full within 90 days after the date of the as -built resolution of the Board with respect to credits against the special assessments after completion of the Improvements (the "Credit Date") without interest. If not paid in full, the special assessments may be paid in ten equal yearly installments of principal plus interest. If not paid when due, there shall be added a penalty of 1-1/2% of the principal not paid when due The unpaid balance of the special