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K'9r 101 PAGE154 <br />Providing (First Reso.) <br />RESOLUTION NO. 97-30 <br />A RESOLUTION OF THE BOARD OF COUNTY COMMISSIONERS <br />OF INDIAN RIVER COUNTY, FLORIDA, PROVIDING FOR <br />CERTAIN PAVING AND DRAINAGE IMPROVEMENTS TO 60TH <br />AVENUE SOUTH OF 45TH STREET IN PONDEROSA ESTATES, <br />PROVIDING THE TOTAL ESTIMATED COST, METHOD OF <br />PAYMENT OF ASSESSMENTS, NUMBER OF ANNUAL <br />INSTALLMENTS, AND LEGAL DESCRIPTION OF THE AREA <br />SPECIFICALLY BENEFITED. <br />WHEREAS, the County Public Works Department has been <br />Petitioned for Road Paving and Drainage Improvement for 60th Avenue <br />south of 45th Street in Ponderosa Estates. <br />WHEREAS, the construction of paving and drainage <br />improvements by special assessment funding is authorized by Chapter <br />206, Section 206.01 through 206.09, Indian River County Code; and <br />cost estimates and preliminary assessment rolls have been completed <br />by the Public Works Department; and the total estimated cost of the <br />proposed paving and drainage improvements is SIXTY SEVEN THOUSAND <br />NINE HUNDRED AND NINE DOLLARS and NINETY ONE CENTS ($67,909.91); <br />and <br />WHEREAS, the special assessment provided hereunder shall, <br />for any given record owner of property within the area specially <br />benefited, be in an amount equal to that proportion of seventy-five <br />percent (75%) of the total cost of the project ($50,932.43) which <br />the number of lineal feet of road frontage owned by the given owner <br />bears to the total number of lineal feet of road frontage within <br />the areas specially benefited and twenty-five percent (25%) of the <br />total cost of the project ($16,977.48) will come from Petition <br />Paving Account. Assessments are to be levied against all lots and <br />lands adjoining and contiguous or bounding and abutting upon the <br />improvements or specially benefited thereby and further designated <br />by the assessment plat with respect to the special assessments; and <br />WHEREAS, the special assessment shall become due and <br />payable at the Office of the Tax Collector of Indian River County <br />ninety (90) days after the final determination of the special <br />assessment pursuant to Section 206.08, Indian River County Code; <br />and <br />WHEREAS, any special assessment not paid within said <br />ninety (90) day period shall bear interest beyond the due date at <br />a rate established by the Board of County Commissioners at the time <br />of preparation of the final assessment roll, and shall be payable <br />in two (2) equal installments, the first to be made twelve (12) <br />months from the due date and subsequent payments to be due yearly; <br />and <br />APRIL 159 1997 42 <br />