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1. After deducting the amount of the applicable state and federalgrants, <br />the actual cost of the improvements to be paid by the special assessments is in <br />excess of $527,500. <br />2. Accordingly, no credit shall be given against each special assessment <br />with respect to the improvements and each special assessment shall be in the <br />amount of $1,250 ($527,500 divided by 422 properties). <br />3. The special assessments shall be payable as provided in Resolution No. <br />88-102. <br />4. This Resolution is adopted pursuant to Section 11-47, Indian River <br />County Code, <br />5. All resolutions or parts of resolutions in conflict herewith are hereby <br />repealed. <br />6. This Resolution shall take effect immediately upon its adoption. <br />The foregoing Resolution was moved for adoption by Commissioner <br />Scurlock Bird <br />and the motion was seconded by Commissioner <br />and, upon being put to a vote, the vote was as follows: <br />Chairman Carolyn K. Eggert Ay -e_ <br />Vice -Chairman Richard N. Bird UP <br />— <br />Commissioner Margaret C. Bowman Ayp <br />Commissioner Don C. Scurlock, Jr. UP <br />Commissioner Gary C. Wheeler ALP <br />The Chairman thereupon declared the Resolution duly passed and adopted this <br />20 day of _February , 1990. <br />ATTEST: <br />e r, ' K. arton;% perk, <br />d LflGt�r,�%11�Q'H.as� <br />(SEAL) �• <br />APPROVED AS TO FORM AND <br />LEGAL SUFFICIENCY <br />'f -Al ), <br />Charles P. Vitunac, <br />Attorney for the County <br />BOARD OF COUNTY COMMISSIONERS <br />INDIAN RIVER COUNTY, FLORIDA <br />By <br />Carolyn /#. Eggert airman <br />Inman Alva Cn Aggroved pale <br />Atlrnln <br />2 -J4 -9U <br />Legal <br />Butlgel <br />Dept. <br />Risk Mgr. <br />