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WHEREAS, the Board of County Commissioners of Indian <br />River County determined that the improvements for the property <br />located with boundaries as described in this title, designated as <br />Project No. 8538, were necessary to promote the public welfare <br />of the county; and <br />WHEREAS, on July 7, 1967, the Board held a public <br />hearing at which time and place and the owners of the property <br />to be assessed appeared before the Board to be heard as to the <br />propriety and advisability of making such improvements; and <br />WHEREAS, after such public hearing was held the County <br />Commission adopted Resolution No. 87-61, which confirmed the <br />special assessment cost of the project to the property specially <br />benefited by the project in the amounts listed in an attachment <br />to that resolution; and <br />WHEREAS, the Director of Public Works has certified the <br />actual "as -built" cost now that the project has been completed <br />is $1,040.59 per parcel, which is less than $1,041.39 per parcel <br />in the confirming Resolution No. 87-65, <br />NOW THEREFORE, BE IT RESOLVED BY THE BOARD OF COUNTY <br />COMMISOIONERS OF INDIAN RIVER COUNTY, FLORIDA, that: <br />1. Resolution No. 87-61 is modified as follows: The <br />completion date for Project No. 8538 is declared to be December <br />5, 1989 and the last day that payment may be made avoiding <br />interest and penalty charges is ninety (90) days after passage of <br />this resolution. <br />2. Payments bearing interest at the rate of 12% per <br />annum may be made in five equal installments, the first to be <br />made twelve (12) months from the due date and the subsequent <br />payments to be due yearly from the due date. The due date is <br />ninety (90) days after the passage of this resolution. <br />