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{LFue siE (Fsnal Reeo.) 11/8/93(reNo\asbai1t)Vk/DC <br />l <br />ehad 0"s Nater <br />� Y <br />t <br />RESOLUTION NO. 93- 211 <br />A RESOLUTION OF INDIAN RIVER COUNTY, <br />FLORIDA, CERTIFYING "AS -BUILT" COSTS FOR <br />INSTALLATION OF WATER SERVICE TO SHADY <br />OAKS SUBDIVISION, AND SUCH OTHER <br />CONSTRUCTION NECESSITATED BY SUCH <br />' <br />PROJECT; PROVIDING FOR FORMAL COMPLETION <br />DATE, AND DATE FOR PAYMENT WITHOUT <br />PENALTY AND INTEREST. <br />WHEREAS, the Board of County Commissioners of Indian River <br />County determined that water improvements for properties located in <br />Shady Oaks Subdivision, east of 43rd Avenue and south of Oslo Road, <br />were necessary to promote the public welfare of the county; and <br />WHEREAS, on Tuesday, January 26, 1993, the Board held a public <br />hearing at which time and place the owners of property to be assessed <br />appeared 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. 93-21, which confirmed the special <br />assessment cost of the project to the property specially benefited by <br />the project in the amounts listed in the attachment to that resolution; <br />and <br />WHEREAS, the Director of Utility Services has certified the actual <br />"as -built" cost now that the project has been completed is less than in <br />confirming Resolution No. 93-21, <br />NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF COUNTY <br />COMMISSIONERS OF INDIAN RIVER COUNTY, FLORIDA, as follows: <br />1. Resolution No. 93-21 is modified as follows: The completion date <br />for the referenced project and the last day that payment may be <br />made avoiding interest and penalty charges is ninety days after <br />passage of this resolution. <br />2. Payments bearing interest at the rate of 8% per annum may be <br />made in ten annual installments, the first to be made twelve <br />months from the due date. The due date is ninety days after the <br />passage of this resolution. <br />3. The final assessment roll for the project listed in Resolution No. <br />93-21 shall be as shown on the attached Exhibit "A." <br />