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1 <br />® <br />RESOLUTION NO. 87- 6 <br />A RESOLUTION OF THE BOARD OF COUNTY <br />COMMISSIONERS OF INDIAN RIVER COUNTY, <br />® <br />FLORIDA, PROVIDING FOR CERTAIN PAVING <br />AND DRAINAGE IMPROVEMENTS TO 7TH COURT <br />FROM 11TH STREET TO 12TH STREET; PROVIDING <br />THE TOTAL ESTIMATED COST, METHOD OF <br />PAYMENT OF ASSESSMENTS, NUMBER OF ANNUAL <br />INSTALLMENTS AND LEGAL DESCRIPTION OF THE <br />AREA SPECIALLY BENEFITED. <br />WHEREAS, the County Public Works Department has <br />received a public improvement petition, signed by more than 2/3 of <br />the owners of property in a portion of the area to be specially <br />benefited, requesting paving and drainage improvements to 7th Court <br />from 11th Street to 12th Street; and <br />WHEREAS, the petition has been verified and meets <br />the requirements of Section 11-23, Indian River County Code of Laws <br />and Ordinances; and design work including cost estimates have been <br />completed by the Public Works Department; and <br />WHEREAS, the total estimated cost of the proposed <br />improvements is $15,653.43; and <br />WHEREAS, the special assessment provided hereunder <br />shall, for any given record owner of property within the area <br />specially benefited, bj in an amount equal to that proportion of <br />seventy-five percent (758) of the total cost of the project which <br />the number of lineal feet of road frontage owned by the given owner <br />bears to the total number of lineal feet of road frontage within the <br />area specially benefited; 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 11-34, Indian River County Code of <br />Laws and Ordinances; and <br />WHEREAS, Indian River County Shall pay the remaining <br />twenty-five percent (258) of the toal cost of the project; and <br />WHEREAS, any special assessment not paid within said <br />ninety (90) day period shall bear interest beyond the due date at a <br />rate established by the Board of County Commissioners at the time of <br />preparation of the final assessment roll, and shall be payable in <br />two (2) equal installments, the first to he made twelve (12) months <br />from the due date and the second to be made twenty-four (24) months <br />from the due date; and <br />WHEREAS, after examination of the nature and <br />anticipated usage of the proposed improvements, the Board of County <br />Commisioners has determined that the following described properties <br />shall receive a direct and special benefit from these improvements, <br />to wit: <br />Lots 12 through 22, Block 1, Lots 1 through 11, <br />Block 2, Casa Rio Subdivision as recorded in Plat <br />Book 1, Page 81 of the Public Records of Indian <br />River County, Florida. <br />41 <br />