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RESOLUTION NO. 97-112 <br />3. A special assessment in the amount of $0.095311 per square foot shall be assessed <br />against each of the properties designated on the assessment plat. This assessment may <br />be raised or lowered by action of the Board of County Commissioners after the public <br />hearing, at the same meeting, as required by the referenced County Code. <br />4. The special assessments shall be due and payable and may be paid in full within 90 days <br />after the date of the resolution of the Board with respect to credits against the special <br />assessments after completion of the improvements (the "Credit Date") without interest. If <br />not paid in full, the special assessments may be paid in ten equal yearly installments of <br />principal plus interest. If not paid when due, there shall be added a penalty of 1-1/2% of the <br />principal not paid when due. The unpaid balance of the special assessments shall bear <br />interest until paid at a rate to be determined by the Board of County Commissioners when <br />the project is completed. <br />5. There is presently on file with the Department of Utility Services a plat showing the area to <br />be assessed, plans and specifications, and an estimate of the cost of the proposed <br />improvements. All of these are open to inspection by the public at the Department of Utility <br />Services. <br />6. An assessment roll with respect to the special assessments shall promptly be prepared in <br />connection with the special assessments. <br />7. Upon the adoption of this resolution, the Indian River County Utility Services Department <br />shall cause this resolution (along with a map showing the areas to be served) to be <br />published at least one time in the Vero Beach Press Journal before the public hearing <br />required by Section 206.04. <br />The resolution was moved for adoption by Commissioner G i n n , and the motion was <br />seconded by Commissioner T i P p i n , and, upon being put to a vote, the vote was as <br />follows: <br />Chairman Carolyn K. Eggert <br />Aye <br />Vice Chairman John W. Tippin <br />Aye <br />Commissioner Caroline D. Ginn <br />Aye <br />Commissioner Kenneth R. Macht <br />Absent <br />Commissioner Fran B. Adams <br />Aye <br />The Chairman thereupon declared the resolution duly passed and adopted this _7 <br />day of October, 1997. <br />Attest: <br />�J KBarton, CI c <br />OCTOBER 7, 1997 <br />81 <br />BOARD OF COUNTY COMMISSIONERS <br />INDIAN RIVER COUNTY, FLORIDA <br />By: �G�tc,ts <br />Carolyn(. Eggert v <br />Chairman <br />06't <br />