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WHEREAS, any special assessment not paid within said <br />ninety (90) day period shall bear interest beyond the due date at <br />a rate established by the Board of County Commissioners at the time <br />of preparation of the final assessment roll, and shall be payable <br />in two (2) equal installments, the first to be made twelve (12) <br />months from the due date and subsequent payments to be due yearly; <br />and <br />WHEREAS, after examination of the nature and anticipated <br />usage of the proposed improvements, the Board of County <br />Commissioners has determined that the following described <br />properties shall receive a direct and special benefit from these <br />improvement, to wit: <br />Lot 1 through 15, Block J; Lot 16 through 30, Block <br />H; Emerson Park Subdivision as recorded in Plat <br />Book 2, Page 25 St. Lucie County, Florida and now <br />situated in Indian River County, Florida. <br />NOW THEREFORE, BE IT RESOLVED BY THE BOARD OF COUNTY <br />COMMISSIONERS OF INDIAN RIVER COUNTY, FLORIDA, as follows: <br />1. The foregoing recitals are affirmed and ratified in <br />their entirety. <br />2. A project providing for paving and drainage <br />improvements to 3rd Place between 32nd Avenue and 35th Avenue; <br />heretofore designated as Public Works Project No. 9017 is hereby <br />approved subject to the terms outlined above and all applicable <br />requirements of Section 11-41, et seq. Indian River County Code of <br />Laws and Ordinances. <br />