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1e <br />RESOLUTION NO. 87-66 <br />A RESOLUTION OF THE BOARD OF COUNTY COMMISSIONERS <br />OF INDIAN RIVER COUNTY, FLORIDA, PROVIDING FOR <br />CERTAIN PAVING AND DRAINAGE IMPROVEMENTS TO DIXIE <br />HEIGHTS SUBDIVISION, PINEY OAKS SUBDIVISION AND <br />ABUTTING PROPERTY IN THIS AREA. PROVIDING THE <br />TOTAL ESTIMATED COST, METHOD OF PAYMENT OF <br />ASSESSMENTS, NUMBER OF ANNUAL INSTALLMENTS, AND <br />LEGAL DESCRIPTION OF THE AREA SPECIFICALLY <br />BENEFITTED. <br />WHEREAS, on January 8, 1986 the Indian River County <br />Board of County Commissioners instructed the Indian River <br />County Public Works Department to explore the possibility of <br />Implementing a Special Assessment Paving and Drainage <br />Improvement Program for the streets in Dixie Heights <br />Subdivision, Piney Oaks Subdivision and abutting properties <br />In this area; and <br />WHEREAS, the construction of paving and drainage <br />Improvements by special assessment funding is authorized by <br />Section 11-21, 11-22, and 11-41, Indian River County Code of <br />Laws and Ordinances; and cost estimates and preliminary <br />assessment rolls have been completed by the Public Works <br />Department; and the total estimated cost of the proposed <br />paving and drainage improvements is ONE MILLION, NINETEEN <br />THOUSAND, FOUR HUNDRED SIXTY DOLLARS ($1,019,460.00); and <br />WHEREAS, the special assessments provided hereunder, <br />shall, for any given record owner of property within the <br />area specially benefited, be in an amount equal to that <br />proportion of seventy-five percent (75%) of the total cost <br />of the project and computed on the number of potential <br />number of buildable lots which are owned by the given owners <br />In relation to the total number of parcels within the area <br />specially benefited, and <br />WHEREAS, the special assessment shall become due and <br />payable at the Office of the Tax Collector of Indian River <br />County ninety (90) days after the final determination of the <br />special assessment pursuant to Section 11-42, Indian River <br />County Code of Laws and Ordinances; and <br />WHEREAS, Indian River County shall pay the remaining <br />twenty-five percent (25%) of the total cost of the project; <br />and <br />WHEREAS, any special assessment not paid within said <br />ninety (90) day period shall bear interest beyond the due <br />date at a rate established by the Board of County <br />Commissioners at the time of preparation of the final <br />assessment roll, and shall be payable in five (5) equal <br />Installments, the first to be made twelve (12) months from <br />the due date and subsequent payments to be due yearly; and <br />WHEREAS, after examination of the nature and <br />anticipated usage of the proposed improvements, the Board of <br />County Commissioners has determined that the following <br />described properties shall receive a direct and special <br />benefit from these improvements, to wit: <br />ALL OF DIXIE HEIGHTS, UNIT 1 as recorded in Plat <br />Book 4, Page 74 of Indian River County. <br />ALL OF DIXIE HEIGHTS, UNIT 1-A as recorded in Plat <br />Book 4, Page 85 of Indian River County. <br />ALL OF DIXIE HEIGHTS, UNIT 2 as recorded in Plat <br />Book 4, Page 83 of Indian River County. <br />