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M i M SUBJECT: FLORAVON SHORES SUBDIVISION SERVICE (110TH STREET) INDIAN RIVER COUNTY PROJECT NO. RESOLUTION III PUBLIC HEARING PETITION FOR WATER UN -97 -10 -DS On October 7, 1997, the Indian River County Board of County Commissioners approved Resolution I (97-110) and Resolution II (97- 111). Resolution I contained the preliminary assessment roll describing the project and cost. Resolution II set the date of the public hearing for the subject project. Property owners have been notified of the public hearing by certified mail. Resolution I (97-110) was published in the Vero Beach Press Journal on October 13, 1997. (See attached agenda item and minutes of the above meeting). Design of the water distribution system is complete. An informational meeting was held with the property owners on October 21, 1997. The project will serve 18 platted lots along 110th Street. Sixteen (89%) of the lots are typically .30 of an acre each and defined as undersized in the Indian River County Comprehensive Plan. Approval of the attached Resolution III will confirm and approve the preliminary assessment. The attached map displays the area to benefit from the assessment project. The total estimated cost to be assessed is $36,700.00. The estimated cost per square foot is $0.101386 (rounded). This project is to be paid through the assessment of property owners along the proposed water line route. In the interim, financing will be from the assessment fund. The staff of the Department of Utility Services recommends that the Board of County Commissioners approve Resolution III, which affirms the preliminary assessment on the subject project. The Chairman asked if there were any questions from the Commissioners. There were none. The Chairman opened the public hearing and asked if anyone wished to be heard in this matter. There being none, she closed the public hearing. 23 OCTOBER 28, 1997