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