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Ercildoune Heights Subdivision No. 1; and all properties within Ercildoune Heights Subdivision No. <br />2; and all properties lying northwest of Bay Street (83rd Avenue), all properties within Blocks 1, 2, <br />3 and 4; 8240 133rd Court and 8225, 8245 and 8255 133rd Place within Block 14, 8230, 8240 and <br />8250133 rd Place, 8235, 8245 and 8255 134th Street within Block 15, 8240 134th Street, 13400 82nd <br />Court, and 8235 and 8255 135th Street within Block 16, of the Plat of Wauregan on Fleming Grant; <br />and all properties within Blocks B-1 (less right-of-way), B-2, B-3 and B-4 (river front), all properties <br />within Block B-2 (railroad front), all properties within Blocks 1, 2 and 3, and 12805 and 12835 82nd <br />Court within Block 5, and 12820 and 12846 82nd Court within Block 6, and 12920 and 12940 82nd <br />Court within Block 8, and 12948 and 12960 82nd Court within Block 9, and 12970 and 12980 82nd <br />Court within Block 10, of the Townsite Plat of Roseland, Florida, located within unincorporated <br />Indian River County, Florida, to specially benefit 161 parcels ("Improvements"), and that the cost <br />thereof shall be specially assessed in accordance with the provisions of Sections 206.01 through <br />206.09 of The Code of Indian River County. <br />2. As access to water provides an equal benefit to each property served, the assessment will be equal <br />per parcel. <br />3. The estimated cost for the Improvements is $361,890.00 or $2,247.76 per parcel to be paid by the <br />properties specially benefited as shown on the assessment plat on file with the Department of <br />Utility Services and the Clerk to the Board. Assessments are to be levied against certain lots and <br />lands adjoining and contiguous or bounding and abutting upon the Improvements or specially <br />benefited thereby and further designated by the assessment plat with respect to the special <br />assessments. <br />4. A special assessment in the amount of $2,247.76 per parcel may be assessed against each of the <br />specially benefited properties designated on the assessment plat on file with the Clerk to the <br />Board. This special assessment may be raised or lowered by action of the Board of County <br />Commissioners serving as the equalizing board at the public hearing, as set forth in Section 206.07 <br />of The Code of Indian River County. <br />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 (10) equal yearly installments of principal plus interest. If <br />not paid when due, there shall be added a penalty of 1-1/2% of the principal not paid when due. <br />The unpaid balance of the special assessments shall bear interest until paid at a rate to be <br />determined 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 />2 <br />