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RESOLUTION NO. 90- 186 <br />I <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 <br />FRANGIPANI DRIVE (BETWEEN C.R. 510 AND MAGNOLIA <br />DRIVE) IN OCEANAIRE HEIGHTS SUBDIVISION, PROVIDING <br />THE TOTAL ESTIMATED COST, METHOD OF PAYMENT OF <br />ASSESSMENTS, NUMBER OF ANNUAL INSTALLMENTS, AND <br />LEGAL DESCRIPTION OF THE AREA SPECIFICALLY <br />BENEFITTED. <br />WHEREAS, the County Public Works Department has been <br />petitioned for Road Paving and Drainage Improvement for <br />Frangipani Drive from C.R. 510 to Magnolia Drive in Oceanaire <br />Heights 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 ONE HUNDRED AND SIX THOUSAND, FIVE HUNDRED AND <br />SEVENTY-NINE DOLLARS and TWENTY CENTS ($106,579.20); 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 />($79,934.40) 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 />($26,644.80) 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 />