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A tkjE COPY <br />CERTIFICATION ON LAST PAGE <br />RYAS' L. BUTLER, CLERK <br />Indian River County <br />[Address] <br />[City], Florida [Zip Code] <br />Owner Name <br />Address Tax Parcel # <br />City, State Zip <br />Re: PREPAYMENT OPPORTUNITY - Culvert Replacement Project <br />The Indian River County Board of County Commissioners recently established and <br />approved a special assessment against property within the Waters Edge Phase II <br />Subdivision Culvert Replacement Project Municipal Service Benefit Unit (the "MSBU") to <br />fund the design, acquisition, construction, and installation of three Stormwater Culvert <br />Replacements located at the intersections of 37th Drive S.W. and 1St Street S.W. and 361h <br />Court S.W. and 15t Street S.W. and Coouch Ditch access to provide subdivision access <br />and stormwater management services to all properties located in the MSBU. This type <br />of financing where the property owners participate in the cost of the program is used <br />throughout Florida and is consistent with the policy of the County. <br />The County plans to finance this project with an internal county loan to ensure <br />the most efficient method of project financing and ease the financial burden on property <br />owners. This will permit the cost attributable to your property to be amortized over a period <br />of not to exceed fifteen (15) years. However, you may choose to prepay your assessment <br />in full at any time prior to October 15, 2025, to avoid additional administration, collection, <br />and other annual costs associated with the assessment program. The amount required <br />to prepay the assessment on or before October 15, 2025, is $6,255.52. <br />Please make checks for prepayment amounts payable to Indian River County <br />D-1 <br />