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*Providing (first Rao.) 1/5/94(ENG)RESi.MAG\gfk RESOLUTION NO. 94- 164 A RESOLUTION OF THE BOARD OF COUNTY COMMISSIONERS OF INDIAN RIVER COUNTY, FLORIDA, PROVIDING FOR CERTAIN PAVING AND DRAINAGE IMPROVEMENTS TO 130TH AVENUE (WILLOW STREET) FROM CR512 SOUTH TO BERRY GROVES ENTRANCE, PROVIDING THE TOTAL ESTIMATED COST, METHOD OF PAYMENT OF ASSESSMENTS, NUMBER OF ANNUAL INSTALLMENTS, AND LEGAL DESCRIPTION OF THE AREA SPECIFICALLY BENEFITED. WHEREAS, the County Public Works Department has initiated a public improvement assessment with the cooperation from the Fellsmere property owners for Road Paving and Drainage Improvement for 130th Avenue (Willow Street) from CR512 south to the Berry Groves entrance. WHEREAS, the construction of paving and drainage improvements by special assessment funding is authorized by Chapter 206, Section 206.01 through 206.09, Indian River County Code; and cost estimates and preliminary assessment rolls have been completed by the Public Works Department; and the total estimated cost of the proposed paving and drainage improvements is EIGHT HUNDRED FORTY FIVE THOUSAND, THREE HUNDRED FORTY EIGHT DOLLARS and SIXTY-FIVE CENTS ($845,348.65); and WHEREAS, the special assessment provided hereunder shall, for any given record owner of property within the area specially benefited, be in an amount equal to that proportion of one hundred percent (100%) of the total cost of the project ($845,348.65) which the number of acres owned by the given owner bears to the total number of acres specially benefited; and WHEREAS, the special assessment shall become due and payable at the Office of the Tax Collector of Indian River County ninety (90) days after the final determination of the special assessment pursuant to Section 206.08, Indian River County Code; and WHEREAS, any special assessment not paid within said ninety (90) day period shall bear interest beyond the due date at a rate established by the Board of County Commissioners at the time of preparation of the final assessment roll, and shall be payable in two (2) equal installments, the first to be made twelve (12)