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Providing (First Reso.) 3/31/92(legal)Vk/DC a. sr L? RESOLUTION NO. 92- 62 A RESOLUTION OF INDIAN RIVER COUNTY, FLORIDA, PROVIDING FOR WATER SERVICE TO KINGS HIGHWAY SUBDIVISION AND REPLAT OF BLOCKS 1, 2, 3, AND 4, 39TH AND 40TH STREETS EAST OF KINGS HIGHWAY AND 56TH AVENUE; PROVIDING THE TOTAL ESTIMATED COST, METHOD OF PAYMENT OF ASSESSMENTS, NUMBER OF ANNUAL INSTALLMENTS, AND LEGAL DESCRIPTION OF THE AREA SPECIFICALLY SERVED. WHEREAS, the Board of County Commissioners of Indian River County has determined that the improvements herein described are necessary to promote the public welfare of the county and has deter- mined to defray the cost thereof by special assessments against certain properties located in the area of Kings Highway Subdivision and Replat of Blocks 1, 2, 3, and 4, 39th and 40th Streets east of Kings Highways and 56th Avenue, to be serviced by a waterline of Indian River County in a project hereinafter referred to as Project No. UW -92 -13 -DS; NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF COUNTY COMMISSIONERS OF INDIAN RIVER COUNTY, FLORIDA, as follows: 1. The County does hereby determine that a waterline shall be installed to serve 2 nonplatted parcels on the north side of 40th Street together with 33 platted lots, which are located in Kings Highway Subdivision and Replat of Block 1, 2, 3, and 4, 39th and 40th Street east of Kings Highway and 56th Avenue, and the cost thereof shall be specially assessed in accordance with the provisions of Sections 11-41 through 11-47 of the Code of Laws and Ordinances of Indian River County. 2. The total estimated project assessment cost of the above-described improvements is shown to be $0.07247489057 per square foot to be paid by the property specially benefited as shown on the assessment plat on file with the Department of Utility Services. 3. A special assessment in the amount of $0.07247489057 per square foot shall be assessed against each of the properties designated on the assessment plat. This assessment may be raised or lowered by action of the Board of County Commissioners after the public hearing, at the same meeting, as required by the referenced County Code.