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Providing (First Reno.) 5/26/93(ENG)RESI.MAG\gfk <br />RESOLUTION NO. 94-12 <br />A RESOLUTION OF THE BOARD OF COUNTY COMMISSIONERS <br />OF INDIAN RIVER COUNTY, FLORIDA, PROVIDING FOR <br />CERTAIN PAVING AND DRAINAGE IMPROVEMENTS TO 33RD <br />STREET (CHERRY LANE) BETWEEN 66TH AVENUE & 58TH <br />AVENUE, 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 />WEEREAS, the County Public Works Department has been <br />petitioned for Road Paving and Drainage Improvement for 33rd Street <br />(Cherry Lane) between 66th Avenue & 58th Avenue. <br />WBEREAS, 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 FOUR HUNDRED AND THREE <br />THOUSAND SIXTY SIX DOLLARS and SEVENTY-FOUR CENTS ($403,066.74); <br />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 fifty <br />percent (50%) of the total cost of the project ($201,533.37) which <br />the number of square footage owned by the given owner bears to the <br />total number of square footage within the areas specially benefited <br />and fifty percent (50%) of the total cost of the project plus tax <br />collector fees and less credits for right-of-way, or $169,887.92, <br />will come from Petition Paving 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 />1 <br />