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7/6/92(legal)Vk/DC RESOLUTION NO. 92- 106 A RESOLUTION OF INDIAN RIVER COUNTY, FLORIDA, PROVIDING FOR WATER SERVICE TO GLENDALE LAKES SUBDIVISION (NORTH OF 8TH STREET TO 10TH STREET); 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 to be serviced by water service to Glendale Lakes Subdivision (north of 8th Street to 10th Street), hereinafter referred to as Project No. UW -92 -11 -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 Water Service to Glendale Lakes Subdivision (north of 8th Street to 10th Street) shall be installed to serve 66 platted and 6 non -platted properties, 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 $176,219.75 or $0.134863 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 $0.134863 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. 4. The special assessments shall be due and payable and may be paid in full within 90 days after the date of the resolution of the Board with respect to credits against the special assessments after completion of the improvements (the "Credit Date") without interest.