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• 4. The special assessments shall be due and payable and may be paid in full within 90 days after the date of the resolution of the Board with respect to credits against the special assessments after comple- tion of the improvements (the "Credit Date") without interest. If not paid in full, the special assessments may be paid in five 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 assessments shall bear interest at a rate of 12% from the Credit Date until paid. 5. There is presently on file with the Department of Utility Services a plat showing the area to be assessed, plans and specifications, and an estimate of the cost of the proposed improvements. All of these are open to inspection by the public at the Department of Utility Services. 6. An assessment roll with respect to the special assessments shall promptly be prepared in connection with the special assessments. 7. Upon the adoption of this resolution, the Indian River County Utility Services Department shall cause this resolution to be pub- lished at least one time in the Vero Beach Press Journal before the public hearing required by Section 11-46. The resolution was moved for adoption by Commissioner Scurlock , and the motion was seconded by Commissioner Wheeler , and, upon being put to a vote, the vote was as follows: Chairman Richard N. Bird Aye Vice Chairman Gary C. Wheeler Aye Commissioner Don C. Scurlock, Jr. Aye Commissioner Margaret C. Bowman Aye Commissioner Carolyn K. Eggert A u e The Chairman thereupon declared the resolution duly passed and adopted this 6 day of August , 1991. "Jeffrey t'. Barton; C rk BOARD OF COUNTY COMMISSIONERS INDIAN RIVER COUNTY, FLORIDA By Richard N. Bird Chairman radian Rea Ca Admin, I_eg21 Budge) Devi Approved graytiv FAR 7 9/ IM