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!M 04 RESOLt oN NO. 84- 1 S A RESOIMION OF ME BOARD OF COUNTY Ca4USSIO*05 OF INDIAN RIVER COUNTY, FLORIDA, PROVIM-r. MR CERTAIN PAVING AND DRAINAGE IMPROVENEVTS TO 142ND STREEP BEIWTMN 81ST AVENUE AND 110Th STREET; PROVIDING THE TOTAL ESTIMATED T, ."•"u�a".i.�i OF IAYIMLT vC ASSESS1,111IS, NUMBER OF ANNUAL INSTALUMIUS, AND LEGAL DESCRIPTION OF THE AREA SPECIALLY BENEFITED. WHEREAS, the County Public Works Department has received a public iim movement. petition; -i,-x- by more than 2/1 of the ''-•,,, ere of property in the area to be specially benefited, requesting paving and drainage inprovements to 142nd Street between 81st Avenue and 110th Street; and WHEREAS, the petition has been verified and meets the requirements of Ordinance 81-27, and design work including cost esti- mates has been completed by the Public Works Dirision; and WHEREAS, the total estimated cost of the proposed im- provements is $17,820.00; and WHF.f2r.A.S, the special assessment provided hereunder shall, for any giver. record owner of property within the area specially bene- fited, 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 n!.m4_—r of lineal feet of road frontage within the area specially benefited, and shall became 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 :: IRE S, any speciai assesainent nut. 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 (12) months from the due date and the second to be made twenty-four(24) months from the due date; and WHEREAS, after examination of the nature and anticipated usage of the proposed improvements, the Board of County Commissioners has determined that the following described properties shall receive a direct and special benefit from these improvements, to wit: