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40 <br />40 <br />•s <br />RESOLUTION No. 85-32 <br />A RESOLUTION OF THE, K AM OF CiARM <br />CU44ISSIONERS OP INDIAN RIVER COUNTY, <br />FIARIDA, PROVIDING FUR CERTAIN PAVING <br />AND DRAINAGE IMPROVEMENT TO 8TH AVENUE <br />S.W. BETWEEN 3RD STREET S.W. AND 4TH <br />PLACE S.W.; PROVIDING THE TOTAL <br />ESTIMATED COST, METHOD OF PAYMENT OF <br />ASSESSMENTS, NUMBER OF ANNUAL <br />INSTATTM NTS, AND LEGAL DESCRIPTION OF <br />THE AREA SPECIALLY BENEFITED. <br />WHEREAS, the county Public Works Division has received a <br />public improvement petition, signed by more than 2/3 of the owners of <br />property in the area to be specially benefited, requesting paving and <br />drainage improvements to 8th Street S.W. between 3rd Street S.W. and <br />4th Place S.W.; and <br />WHEREAS, the petition has been verified and meets the <br />requirements of Ordinance 81-27, and design work including cost esti- <br />mates has been colleted by the Public Works Division; and <br />WHEREAS, the total estimated cost of the proposed im- <br />provements is $27.,008.00; and <br />WHEREAS, the special assessment provided hereunder shall, <br />for any given record owner of property within the area specially bene- <br />fited, be in an amount equal to that proportion of seventy-five <br />percent(75%) of the total cost of the project which the number of lineal <br />feet of assessable road frontage owned by the given owner bears to the <br />total number of lineal feet of assessable road frontage within the area <br />specially benefited, all as established in the preliminary assessment <br />roll, and shall become due and payable at the Office of the Tax <br />Collector of Indian River County ninety (90) days after the f7 -nal <br />determination of the special assessment pursuant to Ordinance 81-27; and <br />WHEREAS, Indian River County shall pay the remaining <br />twenty-five percent(25%) of the total cost of the project; and <br />WHEREAS, any special assessment not paid within said <br />ninety (90) day period shall bear interest beyond the due date at a rate <br />established by the Board of County Commissioners at the time of <br />preparation of the final assessment roll, and shall be payable in two <br />(2) equal installments, the first to be made twelve (12) months from the <br />due date and the second to be made twenty-four(24) months from the due <br />date; and <br />WHEREAS, after examination of the nature and anticipated <br />usage of the proposed inprovements, the Board of County Commissioners <br />has determined that the following described properties shall receive a <br />direct and special benefit from these improvements, to wit: <br />