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5. The special assessments shall be due and payable and may be paid in full within 90 days after the <br />date of the as -built resolution of the Board with respect to credits against the special assessments <br />after completion of the Improvements (the "Credit Date") without interest. If not paid in full, the <br />special assessments may be paid in ten equal yearly installments of principal plus interest. If not <br />paid when due, there shall be added a penalty of 1-1/2% of the principal not paid when due. The <br />unpaid balance of the special assessments shall bear interest until paid at a rate to be determined <br />by the Board of County Commissioners when the Improvements are completed. <br />6. There is presently on file with the Department of Utility Services and the Clerk to the Board an <br />assessment plat showing the area to be assessed, plans and specifications for the Improvements <br />and an estimate of the cost of the proposed Improvements. All of these are open to inspection by <br />the public at the Department of Utility Services and the Clerk to the Board. <br />7. A proposed preliminary assessment roll with respect to the special assessments is on file with the <br />Department of Utility Services and the Clerk to the Board. <br />8. Upon the adoption of this resolution, the Department of Utility Services shall cause this resolution <br />(along with a map showing the areas to be served) to be published at least one time in the Indian <br />River Press Journal before the public hearing as required by Section 206.04 of The Code of Indian <br />River County. <br />The resolution was moved for adoption by Commissioner Joseph Flescher , and the <br />motion was seconded by Commissioner Peter D. O'Bryan and, upon being put to a <br />vote, the vote was as follows: <br />Chairman Susan Adams <br />Vice Chairman Joseph E. Flescher <br />Commissioner Peter D. O'Bryan <br />Commissioner Tim Zorc <br />Commissioner Bob Solari <br />AYE <br />AYE <br />AYE <br />AYE <br />ABSENT <br />The Chairman thereupon declared the resolution duly passed and adopted this 20th day of October, <br />2020. <br />•'gip ...... ,. <br />Attest: Jeffrey R. Smith, Clerk of <br />Court and Comptrollero <br />/ <br />1.�1�Cikbo a <br />Deputy Clerk <br />Approved as to form and legal sufficiency: <br />By: <br />Dylan Reingold, County Attorney <br />BO ! e COUNTY COMM <br />R COUNTY, C <br />n Adams, Chairman <br />