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3120240056753 RECORDED IN THE PUBLIC RECORDS OF RYAN L. BUTLER, CLERK OF COURT INDIAN RIVER COUNTY FL BK: 3740 PG: 699 Page 1 of 3 12/2/2024 1:43 PM RESOLUTION NO. 2024-064 A RESOLUTION OF THE BOARD OF COUNTY COMMISSIONERS OF INDIAN RIVER COUNTY, FLORIDA, PROVIDING FOR WATERS EDGE CULVERT REPLACEMENT FOR WATERS EDGE PLAT TWO SUBDIVISION (WATERS EDGE PHASE II) IN INDIAN RIVER COUNTY, FLORIDA; PROVIDING THE TOTAL ESTIMATED COST, METHOD OF PAYMENT OF ASSESSMENTS, NUMBER OF ANNUAL INSTALLMENTS, AND DESCRIPTION OF THE AREA TO BE SERVED. WHEREAS, the Board of County Commissioners of Indian River County has determined that the improvements herein described are necessary to promote the public welfare of the county and has determined to defray the cost thereof by special assessments against certain specially benefited properties to be serviced by a culvert replacement to Waters Edge Plat Two in Indian River County, Florida, NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF COUNTY COMMISSIONERS OF INDIAN RIVER COUNTY, FLORIDA, as follows: 1. The County does hereby determine that two culverts need replacement in the Waters Edge Plat Two Subdivision (Plat Book 16, Page 67) in Indian River County, Florida, to specially benefit 86 lots located there ("Improvements"), and that part of the cost thereof shall be specially assessed in accordance with the provisions of Sections 206.01 through 206.09 of The Code of Indian River County. 2. The estimated cost for the entirety of the Improvements is $1,366,739.45. The County has agreed to be responsible for $828,764.95 of the total costs. Waters Edge Plat Two Subdivsion's (Waters Edge Phase II) responsibility for Improvements is $537,974.50 or $6255.52 per lot to be paid by the properties specially benefited as shown on the assessment plat on file with the Indian River County Public Works Department. Assessments are to be levied against all lots and lands adjoining and contiguous or bounding and abutting upon the Improvements and specially benefited thereby and further designated by the assessment plat with respect to the special assessments. 3. A special assessment in the amount of $6255.52 per lot shall be assessed against each of the specially benefited properties designated on the assessment plat area on file with the Clerk of the County. This special assessment may be raised or lowered by action of the Board of County Commissioners after the public hearing, at the same meeting, as required by the referenced County Code. 4. The special assessments shall be due and payable and may be paid in full, in equal yearly installments of $417.04 for a period of 15 years, if not paid sooner.