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RECOMMENDATION AND FUNDING <br />It is recommended that the Board: <br />1) Adopt the resolution providing for the paving and drainage improvements for the projects <br />subject to the terms outlined in the resolution. The applicable interest rate shall be established <br />by the Board of County Commissioners at the time the final assessment roll is approved. <br />2) Allocate $65,637.36 from the Petition Paving Account #111-214-541-035.39. <br />3) Adopt a resolution setting the time and place of the Public Hearing. <br />ON MOTION by Commissioner Adams, SECONDED BY <br />Commissioner Ginn, the Board unanimously adopted Resolution <br />No. 97-138 providing for certain paving and drainage <br />improvements to 9' Court SW between 11' Street SW and 91 <br />Street SW, providing the total estimated costs, method of <br />payment of assessments, number of annual installments, and <br />legal description of the area specifically benefitted. <br />Providing (First Reso.) 3/25/97(ENG)RES 1.MAG\gfk <br />RESOLUTION NO. 97- 138 <br />A RESOLUTION OF THE BOARD OF COUNTY <br />COMMISSIONERS OF INDIAN RIVER COUNTY, FLORIDA, <br />PROVIDING FOR CERTAIN PAVING AND DRAINAGE <br />IMPROVEMENTS TO 9TH COURT SW BETWEEN 11TH <br />STREET SW & 9T" STREET SW, PROVIDING THE TOTAL <br />ESTIMATED COST, METHOD OF PAYMENT OF <br />ASSESSMENTS, NUMBER OF ANNUAL INSTALLMENTS, <br />AND LEGAL DESCRIPTION OF THE AREA SPECIFICALLY <br />BENEFITTED. <br />WHEREAS, the County Public Works Department has been petitioned for Road <br />Paving and Drainage Improvement for 9" Court SW between I I" Street SW and 9' Street SW. <br />WHEREAS, the construction of paving and drainage improvements by special <br />assessment funding is authorized by Chapter 206, Section 206.01 through 206.09, Indian River <br />County Code; and cost estimates and preliminary assessment rolls have been completed by the Public <br />Works Department; and the total estimated cost of the proposed paving and drainage improvements <br />is SIXTY FIVE THOUSAND SIX HUNDRED THIRTY SEVEN DOLLARS and SEVENTY-SIX <br />CENTS ($65,637.76); and <br />OCTOBER 28, 1997 <br />