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No. 92--c3 <br />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 five (5) 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 />improvements, to wit: <br />Lots 1 thru 12, Block 1; Lot 1, Block 2; Lots 6 <br />thru 12, Block 2; Lots 1 thru 12, Block 3; Lot 1, <br />Block 4; Lots 7 thru 12, Block 4; Ranch Estates <br />Subdivision, Plat Book 4, Page 92 of the Public <br />Records of Indian River County. <br />Lots 1 thru 14, Block A; Lots 1 thru 10, Block B; <br />and Lots 13 through 22, Block B; Floral Park <br />Subdivision, Plat Book 5, Page 20 of the Public <br />Records of Indian River County. <br />NOW THEREFORE, BE IT RESOLVED BY THE BOARD OF COUNTY <br />PERS OF INDIAN RIVER COUNTY, FLORIDA, as follows: <br />1. The foregoing recitals are affirmed and ratified <br />in their entirety. <br />2. A project providing for paving and drainage <br />improvements to the roads in Floral Park Subdivision, and <br />Ranch Estates Subdivision; heretofore designated as Public <br />Works Project No. 8610 is hereby approved subject to the terms <br />outlined above and all applicable requirements of Section 11- <br />41, et seq. Indian River County Code of Laws and Ordinances. <br />2 <br />