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-, RESOLUTION NO. 85- 33 A RESOIUTION OF THE BOARD OF COUNTY 40 CQNMTSSIONERS OF INDIAN RIVER COUNTY, FLORIDA, PROVIDING FOR CAIN PAVING AND DRAINAGE IMPROVEMENT TO 16TH PLACE WEST OF 67H AVENUE -DEAD END; PROVIDING THE TOTAL ESTIMATED COST, METRO) OF PAYMENT OF ASSESSMENTS, NLMER OF ANNUAL INSTALLM TTS, AND LEGAL DESCRIPTION OF THE AREA SPECIALLY BENEFITED. WHEREAS, the County Public Works Department has received a public improvement petition, signed by more than 2/3 of the owners of •• property in the area to be specially benefited, requesting paving and drainage improvements to 16th Place, west of 6th Avenue -Dead End; 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 Division; and WHEREAS, the total estimated cost of the proposed im- provements is $14,797.92; and WHEREAS, the special assessment provided hereunder shall, for any given 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 assessable road frontage awned by the given owner bears to the total number of lineal feet of assessable road frontage within the area specially benefited, all as established in the preliminary assessment roll, and shall became due and payable at the Office of the Tax Col- lector of Indian River County ninety (90) days after the final deter- mination 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 Conrissioners at the tine of pre- paration of the final assessment roll, and shall be payable in two (2) equal installments, the first to be made twelve (12) mnnths 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 Camdssioners has determined that the following described properties shall receive a direct and special benefit from these improvements, all situate in Indian River County, Florida, to wit: