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RESOUMON NO. 85-137 A RESOL(TrION OF THE BOARD OF 00UNTY COMMISSIONERS OF INDIAN RIVER COUNTY, FLORIDA, PROVIDING FOR CERTAIN PAVING AND DRAINAGE IMPFOVE4EM TO 11TTI LANE SOU2MRM 1245't WEST OF OLD DIXIE HIGHWAY PROVIDING THE TOTAL ESTIMTED COST, METHOD OF PAYMENT OF ASMM- MUM, , NUMBER OF ANNUAL INSTATaAM, 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 11th Lane Southwest, 1245 '± West of Old Dixie Highway; 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 $32,689.02; 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 road frontage owned by the given owner bears to the total number 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, Mr. James Lawhon has agreed to pay the paving costs for the four lots upon which hones have been built facing 12th Street SW, specifically the lots owned by Phil M. & Jacqueline Osborne, Gary & Sandra Stafford, Norman & Corinne Bean, and Mary E. Condon; 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 Ccnrdssioners at the time of prepar- ation 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: 11th Lane Southwest 12451± West of Old Dixie Highway Lots 1 through 10, Block P, Lots 1 through 6, Block R, and 28.57 feet of Lot 7, Block O, Lots 8, 9, and 10, Block O, as shown on the Plat of Dixie Heights Subdivision unit 4 on record in Plat Book 4, Page 91 of the Public Records of Indian River County, Florida