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RESOLUTION NO. 2015 - WHEREAS, notice of the time and place of the public hearing was published in the Indian River Press Journal on Tuesday, February 24, 2015, and on Tuesday, March 3, 2015 (at least twice, one week apart; the last being at least one week prior to the hearing), as required by Section 206.06, Indian River County Code; and WHEREAS, the land owners of record were mailed notices on January 8, 2015 (at least ten days prior to the hearing), as required by Section 206.06, Indian River County Code; and WHEREAS, the Board, on Tuesday, March 10, 2015, at 9:05 a.m. (or as soon thereafter as the public hearing was heard) conducted the public hearing with regard to the special assessments; and NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF COUNTY COMMISSIONERS OF INDIAN RIVER COUNTY, FLORIDA, as follows: 1. The foregoing recitals are affirmed and ratified in their entirety. 2. Based upon all of the information that had been presented throughout the entire process, the Assessment Area is reduced from 17 properties to the original 10 properties, encompassing the area from 13580 to and including 13635 North Indian River Drive (also known as Riverside Drive) in Indian River County, Florida ("Revised Assessment Area"). 3. The special assessments imposed for the Assessment Project against the specially benefited properties in the Revised Assessment Area shown on the assessment roll attached hereto as Exhibit "A" and incorporated herein by this reference are hereby confirmed and approved, and shall remain legal, valid, and binding first liens upon and against the specially benefited properties shown on attached Exhibit "A" until paid in full. The special assessments for the Assessment Project shall constitute a lien against the specially assessed property in the Revised Assessment Area equal in rank and dignity with the liens of all state, county, district or municipal taxes, and other non -ad valorem assessments. Except as otherwise provided by law, such special assessment lien shall be superior in dignity to all other liens, titles and claims, until paid. The special assessment lien shall be deemed perfected upon adoption by the Board of this Resolution and recordation of this Resolution in the Official Records of the County maintained by the Clerk of Indian River County. Such recordation shall constitute prima facie evidence of the validity of the special assessments imposed for the Assessment Project in the Revised Assessment Area. 4. The special assessment imposed per parcel is in the amount of $5,845.74, and shall be due and payable and may be paid in full without interest within 90 days after the date of the passage of the as -built resolution by the Board. The as -built resolution occurs after completion of the improvements. If not paid in full within the 90 -day period from the passage of the as -built resolution, then the special assessment may be paid in ten equal yearly installments of principal plus interest; said interest rate to be determined by the Board when the improvements are completed. 5. The Board hereby finds and determines that the special assessments imposed in accordance with this Resolution and Resolution Nos. 2015-003 and 2015-004 provide an equitable method of 2 152