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WHEREAS, on October 23, 1990, the Board held a public <br />hearing in the Commission Chambers at which time the owners of <br />the property to be assessed were afforded an opportunity to <br />appear before the Board to be heard as to the propriety and <br />advisability of making such improvements; and <br />WHEREAS, after such public hearing was held the County <br />Commission adopted Resolution No. 90-161, which confirmed the <br />special assessment cost of the project to the property specially <br />benefited by the project in the amounts listed in an attachment <br />to that resolution; and <br />WHEREAS, the Director of Public Works has certified the <br />actual "as -built$, cost now that the project has been completed is <br />$14.91 per front foot, which is less than $18.99 per front foot <br />in the confirming Resolution No. 90-161, <br />NOW THEREFORE, BE IT RESOLVED BY THE BOARD OF COUNTY <br />COMMISSIONERS OF INDIAN RIVER COUNTY, FLORIDA, that: <br />1. Resolution No. 90-161 is modified as follows: The <br />completion date for Project No. 8705 is declared to be <br />January 14- 1992 , and the last day that payment may be <br />made avoiding interest and penalty charges is ninety (90) days <br />after passage of this resolution. <br />2. Payments bearing interest at the rate of 9 3/4% <br />per annum may be made in two equal installments, the first to be <br />made twelve (12) months from the due date and the <br />1 <br />'i►et Stiiit (Fonrtb;Reno.) 8/22/91(ENG)RES4.MAG\gfk <br />J <br />' <br />RESOLUTION NO. 92- 07 <br />A -RESOLUTION OF INDIAN RIVER COUNTY CERTIFYING <br />OAS -BURT" <br />COSTS FOR CERTAIN PAVING AND DRAINAGE <br />IMPROVEMENTS TO 42ND AVENUE BETWEEN 6TH <br />STREET AND <br />STH STREET, DESIGNATED AS PROJECT NO. 8705, AND <br />OTHER CONSTRUCTION NECESSITATED BY SUCH PROJECT; <br />PROVIDING FOR FORMAL COMPLETION DATE, AND DATE FOR <br />PAYMENT WITHOUT PENALTY AND INTEREST. <br />WHEREAS, the Board of County Commissioners of <br />Indian <br />River County determined that the improvements described <br />herein <br />specially benefited the property located within the boundaries as <br />described in this title, designated as Project No. 8705, <br />are in <br />the public interest and promote the public welfare of the <br />county; <br />and <br />WHEREAS, on October 23, 1990, the Board held a public <br />hearing in the Commission Chambers at which time the owners of <br />the property to be assessed were afforded an opportunity to <br />appear before the Board to be heard as to the propriety and <br />advisability of making such improvements; and <br />WHEREAS, after such public hearing was held the County <br />Commission adopted Resolution No. 90-161, which confirmed the <br />special assessment cost of the project to the property specially <br />benefited by the project in the amounts listed in an attachment <br />to that resolution; and <br />WHEREAS, the Director of Public Works has certified the <br />actual "as -built$, cost now that the project has been completed is <br />$14.91 per front foot, which is less than $18.99 per front foot <br />in the confirming Resolution No. 90-161, <br />NOW THEREFORE, BE IT RESOLVED BY THE BOARD OF COUNTY <br />COMMISSIONERS OF INDIAN RIVER COUNTY, FLORIDA, that: <br />1. Resolution No. 90-161 is modified as follows: The <br />completion date for Project No. 8705 is declared to be <br />January 14- 1992 , and the last day that payment may be <br />made avoiding interest and penalty charges is ninety (90) days <br />after passage of this resolution. <br />2. Payments bearing interest at the rate of 9 3/4% <br />per annum may be made in two equal installments, the first to be <br />made twelve (12) months from the due date and the <br />1 <br />