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DEC <br />2 11993 <br />Providing (First Reno.) <br />BOOK <br />5/26/93(ENG)RESl.MAG\gfk <br />RESOLUTION NO. 93-216 <br />A RESOLUTION OF THE BOARD OF COUNTY COMMISSIONERS <br />OF INDIAN RIVER COUNTY, FLORIDA, PROVIDING FOR <br />CERTAIN PAVING AND DRAINAGE IMPROVEMENTS TO 128TH <br />COURT, 236• L.F. NORTH OF 79TH AVENUE (ELAINE <br />STREET), PROVIDING THE TOTAL ESTIMATED COST, METHOD <br />OF PAYMENT OF ASSESSMENTS, NUMBER OF ANNUAL <br />INSTALLMENTS, AND LEGAL DESCRIPTION OF THE AREA <br />SPECIFICALLY BENEFITED. <br />WHEREAS, the County Public Works Department has been <br />petitioned for Road Paving and Drainage Improvement for 128th <br />Court, 236 L.F. North of 79th Avenue (Elaine Street). <br />WHEREAS, the construction of paving and drainage <br />improvements by special assessment funding is authorized by Chapter <br />206, Section 206.01 through 206.09, Indian River County Code; and <br />cost estimates and preliminary assessment rolls have been completed <br />by the Public Works Department; and the total estimated cost of the <br />proposed paving and drainage improvements is NINE THOUSAND ONE <br />HUNDRED THIRTY-NINE DOLLARS and SEVENTY CENTS ($9,139.70); and <br />WHEREAS, the special assessment provided hereunder shall, <br />for any given record owner of property within the area specially <br />benefited, be in an amount equal to that proportion of seventy-five <br />percent (75%) of the total cost of the project ($6,854.78) which <br />the number of lineal feet of road frontage owned by the given owner <br />bears to the total number of lineal feet of road frontage within <br />the areas specially benefited, plus additional paving requested by <br />Mr. Rirrie (developer), and twenty-five percent (25%) of the total <br />cost of the project ($2,284.92) will come from Petition Paving <br />Account; and <br />WHEREAS, the special assessment shall become due and <br />payable at the Office of the Tax Collector of Indian River County <br />ninety (90) days after the final determination of the special <br />assessment pursuant to Section 206.08, Indian River County Code; <br />and <br />WHEREAS, any special assessment not paid within said <br />ninety (90) day period shall bear interest beyond the due date at <br />a rate established by the Board of County Commissioners at the time <br />of preparation of the final assessment roll, and shall be payable <br />in two (2) equal installments, the first to be made twelve (12) <br />months from the due date and subsequent payments to be due yearly; <br />and <br />14 <br />91 Fni.:324 -I <br />