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I Y. RESOLUTION NO. 82-73 t F A RESOLUTION OF THE BOARD OF COUNTY COMMISSIONERS OF INDIAN RIVER COUNTY, FLORIDA, PROVIDING FOR CERTAIN PAVING AND DRAINAGE IMPROVEMENTS TO 36TH AVENUE, BETWEEN 12TH AND 14TH STREETS; PROVIDING THE TOTAL ESTIMATED COST, METHOD OF PAYMENT OF ASSESSMENTS, NUMBER OF ANNUAL INSTALLMENTS, AND LEGAL DESCRIPTION OF THE AREA SPECIALLY BENEFITTED. WHEREAS, the County Public Works Department has received �,:_ s pu.,�� :Llllpruvement petition, signed by more than 2/3 of the owners of property in the area to be specially benefitted, requesting paving and drainage improvements to 36th Avenue, between 12th Street and 14th Street; and WHEREAS, the petition has been verified and meets the requirements of Ordinance 81-27, and design work including cost it estimates has been completed by the Public Works Department; (� and WHEREAS, the total estimated cost of the pi,,posed improvements is $22,395.43; and WHEREAS, the special assessment provided hereunder shall. for any given record owner of property within the area specially benefitted, be in an amount equal to that proportion of seventy-five percent (75%) of the total cost of the project which the number of lineal feet of road frontage owned by the given owner bears to the total number of lineal feet of road frontage within the area specially benefitted, and shall become due and payable at the Office of the Tax Collector of Indian River County ninety (90) days after the final. determination of the special assessment pursuant to Ordinance 81-27; and WHEREAS, Indian River County shall pay the remaining twenty-five percent (25%) of the total cost of the project; and WHEREAS, any special assessment not paid within said ninety (90) day period shall bear interest beyond the due date at a rate established by the Board of County Commissioners at the time of preparation of the final assessment roll, and shall be payable in two (2) equal installments, the first to be made twelve