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RESOLUTION NO. 2017- <br />3. The estimated cost for the Improvements is $881,250.00 or $6,250.00 per parcel to be paid <br />by the properties specially benefited as shown on the assessment plat on file with the <br />Department of Utility Services and the Clerk to the Board. Assessments are to be levied <br />against all lots and lands adjoining and contiguous or bounding and abutting upon the <br />Improvements or specially benefited thereby and further designated by the assessment plat <br />with respect to the special assessments. <br />4. A special assessment in the amount of $6,250.00 per parcel may be assessed against each <br />of the specially benefited properties designated on the assessment plat on file with the Clerk <br />to the Board. This special assessment may be raised or lowered by action of the Board of <br />County Commissioners serving as the equalizing board at the public hearing, as set forth <br />in Section 206.07 of The Code of Indian River County. <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 and the <br />motion was seconded by Commissioner , and, upon being put to a vote, the <br />vote was as follows: <br />Chairman Joseph E. Flescher <br />Vice Chairman Peter D. O'Bryan <br />Commissioner Susan Adams <br />Commissioner Tim Zorc <br />Commissioner Bob Solari <br />P73 <br />