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Board of County Commissioners Meeting Minutes - Final February 20, 2018 89th Street within a portion of Blocks E and H, Vero Lake Estates Subdivision, Unit H-3, located in Indian River County, Public Hearing and the Adoption of Resolution No. III (Legislative) Recommended Action: Continue the public hearing opened on February 6, 2018. At this time, based on the petitions received as of February 15, 2018, staff recommends that the Board of County Commissioners (BCC) choose Alternative 1: Table the project. If any new information is obtained between now and the hearing date of February 20, 2018, then staff recommendation could change. Alternative 1: If no further petitions are received to indicate a super -majority (66.7%) of residents in favor, staff recommends tabling the project. -Or- Alternative 2: If a favorable super -majority is indicated by either receipt of petitions or during the public hearing, staff recommends adopting Resolution No. III with the following conditions: a. Cost per parcel of $5,200.00; b. Nine benefitting parcels as part of the special assessment lien; c. For benefitting parcels above in point b, allow property owners to finance the capital cost of $5,200.00 for up to 10 years, payable in 10 equal yearly installments at an annual interest rate of 5.00% (set by the BCC each January); and, d. Allow property owners to connect once the new water main has been placed into service prior to Resolution IV. Attachments: Staff Report New Petitions Handwritten Petitions from February 6. 2018 Map of Assessment Area Estimated Monthly Expenses for Water Assessment Confirming Resolution (Resolution No. III) Assessment Roll (Exhibit A to Resolution No. III) PROOF OF PUBLICATION OF ADVERTISEMENT FOR HEARINGS IS ON FILE IN THE OFFICE OF THE CLERK TO THE BOARD Director of Utility Services Vincent Burke detailed the continuation from the February. 6, 2018 meeting, where staff was directed to present updated petitions to the nine (9) property owners who would be affected by the revised water assessment per -residence cost of $5,200. He confirmed that five (5) respondents were in favor of moving forward with the project, three respondents (3) were not in favor of moving forward, and one (1) property owner had not responded; however, due to President's Day being a federal holiday, it was possible that the final vote could still be received. Director Burke explained that, due to the in -favor percentage being 55.5%, which is less than the super -majority (66.7%), staff recommended tabling the project. Chairman O'Bryan opened the Public Hearing. There being no speakers, the Chairman closed the Public Hearing. Indian River County Florida Page 11