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be lowered or a special taxing district be established to receive <br />the funds. She questioned whether Vista Plantation would be paying <br />25% and the $15,000 shown to Vista Plantation's credit in an escrow <br />account. <br />Director Davis explained that when Vista Plantation was <br />developed they had agreed not to connect to 26th Street. At that <br />time they agreed to escrow $15,625 even though they felt they would <br />not benefit from the project. Mrs. Adamson seems to be under the <br />impression that she is paying more than 25% but she is paying only <br />25%. The County is picking up 50% and the property owners on each <br />side are paying 25%. <br />Mrs. Adamson had no objection to paying $5,000 to $6,000 but <br />felt her current assessment is unfair. <br />Director Davis referenced a letter sent to property owners by <br />the County stating that the cost would be paid 50% by the County <br />and 50% by the property owners. The road is classified as a <br />collector road and serves the whole community in that area. <br />Chairman Adams questioned whether the property owners are able <br />to.pay the assessment on time, and Director Davis responded there <br />is a standard 2 year payment option after the road is completed. <br />The Chairman asked if anyone else wished to be heard in this <br />,.matter. There being none, she closed the public hearing. <br />MOTION was amended by Commissioner Eggert, SECONDED <br />by Commissioner Bird to add a clause giving <br />residential owners the option to make payments over <br />a period of 5 years. <br />THE CHAIRMAN CALLED THE QUESTION and the <br />motion passed unanimously. <br />Confirming (Third Reso.) 1/02/96(ENG)RES3.MAG\gfk <br />RESOLUTION NO. 96-o; <br />A RESOLUTION OF BOARD OF COUNTY COMMISSIONERS <br />OF INDIAN RIVER COUNTY, FLORIDA, CONFIRMING <br />THE ASSESSMENT ROLL FOR CERTAIN PAVING AND <br />DRAINAGE IMPROVEMENTS TO 26TH STREET, FROM <br />66TH AVENUE TO A POINT 2,588 LINEAL FEET WEST <br />OF 66TH AVENUE. <br />WHEREAS, the Board of County Commissioners of Indian River <br />County adopted Resolution No. 96-77, providing for certain <br />paving and drainage improvements to 26th Street, from 66th <br />Avenue to a point 2,588 lineal feet west of 66th Avenue; and <br />WHEREAS, said resolution described the manner in which the <br />special assessments are to be made and how the special <br />assessments are to be paid; and <br />AUGUST 13, 1996 49 BOOK � ov p <br />