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RESOLUTION NO. 90- 149 <br />8/28/90(ENG)MAT\gfk <br />A RESOLUTION OF THE BOARD OF COUNTY COMMISSIONERS <br />OF INDIAN RIVER COUNTY, FLORIDA, PROVIDING FOR <br />CERTAIN PAVING AND DRAINAGE IMPROVEMENTS TO 42ND <br />AVENUE (BETWEEN 10TH STREET AND 12TH STREET), IN <br />MALALUKA GARDENS SUBDIVISION, PROVIDING THE TOTAL <br />ESTIMATED COST, METHOD OF PAYMENT OF ASSESSMENTS, <br />,.; NUMBER OF ANNUAL INSTALLMENTS, AND LEGAL <br />DESCRIPTION OF THE AREA SPECIFICALLY BENEFITTED. <br />WHEREAS, the County Public Works Department has been <br />petitioned for Road Paving and Drainage Improvement for 42nd <br />Avenue from 10th Street to 12th Street in Malaluka Gardens <br />II� Subdivision. <br />WHEREAS, the construction of paving and drainage <br />improvements by special assessment funding is authorized by <br />Section 11-21, 11-22, and 11-41, Indian River County Code of Laws <br />and Ordinances; and cost estimates and preliminary assessment <br />rolls have been completed by the Public Works Department; and the <br />total estimated cost of the proposed paving and drainage <br />improvements is SIXTY THOUSAND, TWO HUNDRED AND SIXTY-SEVEN <br />DOLLARS and FIFTY-TWO CENTS ($60,267.52); and <br />WHEREAS, the special assessment provided hereunder <br />shall, for any given record owner of property within the area <br />specially benefited, be in an amount equal to that proportion of <br />seventy-five percent (75%) of the total cost of the project <br />($45,200.64) which the number of lineal feet of road frontage <br />owned by the given owner bears to the total number of lineal feet <br />of road frontage within the areas specially benefited and <br />twenty-five percent (25%) of the total cost of the project <br />($15,066.88) will come from Petition Paving Account; and <br />WHEREAS, the special assessment shall become due and <br />payable at the Office of the Tax Collector of Indian River County <br />ninety (90) days after the final determination of the special <br />assessment pursuant to Section 11-47, Indian River County Code of <br />Laws and Ordinances; and <br />1 <br />