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1*50IZTPION NO. 84- 9 40 A RESOLUTION OF T11F BOARD OF 0CXMY COMUSSIONERS OF INDIAN RIVER COLINPY, FLORIDA, PROVIDING FOR A SPECIAL ASSESSMENT PROGRA14 TO FINANCE CERTAIN WIDENING AND PAVING IMPROVOIE TfS TO STATE ROAD A -1-A; BETWEEN TIDES ROAD AND FRED R. TUERK DRIVE; PRIDING FOR A TOTAL ESTIMATED COST, MMM OF PAYMENTS OF ASSESSMENTS: NUMBER OF ANNUAL INSTALL- AMD NSTALL-A D 1ZGAL Dr.SCRI-YP.ION OP THE AREA SPECIALLY BENEFITED. d WHEREAS, the Board of County Catrnissioners of Indian River County has been approached by the Town of Indian River Shores to assess those properties benefiting from the widening and paving improve- ments proposed for State Road A -1-A fran Tides Road to Fred R. Tuerk Drive; and WHEREAS, the Board of County Cotmi.ssioners has received the request and has determined that the improvements are necessary and in the best interest of the area and has determined that the improvement will specially benefit abutting properties lying within certain unincorp- orated areas within the limits of the project area; and WHEREAS, the Commission has determined that the best way to apportion the cost of the inprovemer .'ts is by imposing a special asses-nt under Ordinance 81-27. WHEREAS, the total estimated cost of the proposed inr- provements lying within the unincorporated area of the project is $25,384.10; and WHEREAS, the Board finds that the estimated cost may be most reasonable apportioned against the benefit properties as follows: 1) $100.00 per Unit for each condominium unit, single family dwelling, or other residential unit within the area specially benefited. 2) for undeveloped land, $100.00 per allowable unit as can- puted in accordance with existing land use density adopted by the Conprehensive Land Use Plan, within the area specially benefited; and 3) Indian River County shall pay $5,784.10 for the County Park Prc• ray wiu,i;1 the specially benefited area; and WHEREAS, all assessments 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, 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 approval of the final assessment roll, and sha11 be payable in two (2) equal installments, the first to be made twelve (12) months frau the due date and the second to be made twenty-four(24) months frau the due date; and