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DESCRIPTION AND CONDITIONS <br />The paving of the above road has been completed. The final assessment is as follows: <br />1) Prelimin&a Estimates Final Cost <br />$68,760.59 - 100% $67,332.85 - 100% <br />$51,570.44 - 75% $51,509.63 - 75%* <br />(3040.71/Front Footage) (3040.71/Front Footage) <br />$16.96/per FF $16.94/per IF <br />*This figure includes 2% Tax Collector's fee. <br />The final assessment roll has been prepared and is ready to be delivered to the Clerk to the <br />Board. Assessments are to be paid within 90 days or in 2 equal installments, the first to be <br />made twelve months from the due date and subsequent payments to be due yearly from the <br />due date at an interest rate of 8.5% established by the Board of County Commissioners. <br />ALTERNATIVES AND ANALYSIS <br />Since the final assessment to the benefitted owners is less than the preliminary assessment <br />roll, the only alternative presented is to approve the final assessment roll. <br />RECOMMENDATION <br />It is recommended that the final assessment roll and the "As -Built Resolution" for the <br />paving of the above mentioned road be approved by the Board of County Commissioners <br />and that it be transferred to the Tax Collector for recording in the "Assessment Lien Book" <br />and for collection. <br />ON MOTION by Commissioner Eggert, SECONDED by <br />Commissioner Adams, the Board unanimously adopted <br />Resolution 95-72 certifying "As -Built" costs for <br />certain paving and drainage improvements to 1st <br />Place between 27th Avenue and 32nd Avenue in Vero <br />Beach Homesites Subdivision, designated as Project <br />No. 9110. <br />As -Built (Fourth Reso.) 2/7/95(ENG)RES4.MAG\gfk <br />RESOLUTION NO. 95-7 2 <br />A RESOLUTION OF INDIAN RIVER COUNTY CERTIFYING "AS - <br />BUILT" COSTS FOR CERTAIN PAVING AND DRAINAGE <br />IMPROVEMENTS TO 1ST PLACE BETWEEN 27TH AVENUE AND <br />32ND AVENUE IN VERO BEACH HOMESITES SUBDIVISION, <br />DESIGNATED AS PROJECT NO. 9110, AND OTHER <br />CONSTRUCTION NECESSITATED BY SUCH PROJECT; <br />PROVIDING FOR FORMAL COMPLETION DATE, AND DATE FOR <br />PAYMENT WITHOUT PENALTY AND INTEREST. <br />the Board of County Commissioners of Indian River County <br />determined that the improvements described herein specially benefited the property located <br />within the boundaries as described in this title, designated as Project No. 9110, are in the <br />public Interest and promote the public welfare of the county; and <br />JTJrTE 139 19959 0 �00� gJ P��E 4. 0 r <br />