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-4 , UTIL(ARESRIVS.JFL)c: WHEREAS, the special assessment provided hereunder shall be an equal proportion of 100% of the total estimated cost of the project for each given record owner of property within the specific area benefitted, and on which a residence is located or could be located; • and WHEREAS, the special assessment provided hereunder shall become due and payable at the Office of the Department of Utility Services of Indian River County ninety (90) days after the adoption of the • resolution; and WHEREAS, all special assessments not paid within said ninety (90) day period shall thereupon become payable in equal installments in each of the succeeding five years with interest established at 12% from the date of Final Assessment, payable annually; but any assessment becoming so payable in installments may be paid at any time together with interest accrued thereon to date of payment; and WHEREAS, after examination of the nature and the anticipated usage of the constructed improvements, the Board of County Commissioners has determined that the following desirable properties shall receive direct and special benefit from these improvements, to wit: TRACTS A AND B AND LOTS 1-37 OF RIVER SHORES ESTATES SUBDIVISION, UNIT 1; TRACT A AND LOTS 1-34 OF RIVER SHORES ESTATES SUBDIVISION, UNIT 2; LOTS 1-34 OF RIVER SHORES ESTATES SUBDIVISION, UNIT 3; LOTS 1-15 OF RIVER SHORES ESTATES SUBDIVISION, UNIT 4; 1.93 ACRE PARCEL OF PROPERTY, PARCEL NUMBER 29 33 40 00000 0010 01.1; 27.32 ACRE PARCEL OF PROPERTY, PARCEL NUMBER 29 33 40 00000 0010 00001.0; 17.9 ACRE PARCEL OF PROPERTY, PARCEL NUMBER 30 33 40 00000 1000 00004.0; and 6.58 ACRE PARCEL OF PROPERTY, PARCEL NUMBER 30 33 40 00000 3000 0033.0. NOW THEREFORE, BE IT RESOLVED BY THE BOARD OF COUNTY COMMISSIONERS OF INDIAN RIVER COUNTY, FLORIDA, as follows: -2- 0• R. 0791 PG 0776 0. R. 0787 PC 2679