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RESOLUTION NO. 87- 54 <br />A RESOLUTION OF THE BOARD OF COUNTY <br />COMMISSIONERS OF INDIAN RIVER COUNTY, <br />FLORIDA, PROVIDING FOR CERTAIN PAVING <br />® AND DRAINAGE IMPROVEMENTS TO NORTH AND <br />SOUTH TROPICANA DRIVE EAST OF US 1; 22ND <br />AVENUE FROM IST STREET SW TO 2ND STREET; <br />33RD AVENUE SW FROM 13TH STREET SW TO <br />11TH STREET SW; 126TH STREET FROM <br />ROSELAND ROAD TO ELAINE STREET; AND 37TH <br />AVENUE FROM 12TH STREET TO 14TH STREET; <br />PROVIDING THE TOTAL ESTIMATED COST, <br />METHOD OF PAYMENT OF ASSESSMENTS, NUMBER <br />OF ANNUAL INSTALLMENTS, AND LEGAL <br />DESCRIPTION OF THE AREA SPECIALLY <br />BENEFITED. <br />WHEREAS, the County Public Works Department has received public <br />improvement petitions, signed by more than 2/3 of the owners of property for <br />some of the following streets in the herein areas and others have been <br />recommended by the Board of County Commissioners, to be specially benefited, <br />requesting paving and drainage improvements to NORTH AND SOUTH TROPICANA DRIVE <br />EAST OF US 1; 22ND AVENUE FROM 1ST STREET SW TO 2ND STREET; 33RD AVENUE SW FROM <br />13TH STREET SW TO 11TH STREET SW; 126TH STREET FROM ROSELAND ROAD TO ELAINE <br />STREET; AND 37TH AVENUE FROM 12TH STREET TO 14TH STREET; and <br />WHEREAS, the petitions have been verified and meet the require- <br />ments of Section 11-23, Indian River County Code of Laws and Ordinances; and <br />cost estimates have been completes by the Public Works Division; auul <br />WHEREAS, the total estimated cost of the proposed improvements is <br />TWO iifA�➢7DREN FORTY-FIVE THOUSAND, NINE HUNDRED TEN DOLLARS($245,910); and <br />WHEREAS, the special assessments provided hereunder shall, for <br />any given record owner of property within the area specially benefited, be in an <br />amount equal to that proportion of seventy-five percent (75%) of the total cost <br />of the project as follows: <br />(a) if the assessment is calculated by the front footage method, <br />the number of lineal feet of road frontage owned by the given owner <br />in relation to the total number of lineal feet of road frontage within <br />the area specially benefited, and <br />(b) if the assessment is calculated per parcel, the potential number of <br />buildable lots which are owned by the given owner in relation to the <br />total number of parcels within the 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 ninety (90) <br />days after the final determination of the special assessment pursuant to Section <br />11-34, Indian River County Cade of Laws and Ordinances; and <br />WHEREAS, Indian River County shall pay the remaining twenty-five <br />percent(258) of the total cost of the project; and <br />WHEREAS, any special assessment not paid within said ninety (90) <br />day period shall bear interest beyond the due date at a rate established by the <br />Board of County Commissioners at the time of preparation of the final assessment <br />roll, and shall be payable in two (2) equal installments, the first to be made <br />twelve (12) months from the due date and the second to be made twenty-four(24) <br />months frau the due date; and <br />