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• ANALYSIS The preliminary assessment was for a total estimated cost to be assessed of $155,400.10, which equated to $0.107894 per square foot of property owned. The final assessment (see attached Resolution IV and the accompanying assessment roll) is in the amount of $122,830.50, which equates to a cost of $0.0852808 (rounded) per square foot of property, which is 21% less than the preliminary assessment. RECOMMENDATION The staff of the Department of Utility Services recommends that the Board of County Commissioners approve the adoption of Resolution IV, which is attached, and authorize the chairman to execute same. ON MOTION by Commissioner Adams, SECONDED BY Commissioner Eggert, the Board unanimously adopted Resolution 98-73 certifying the "As -Built' costs for installation of water service to Louisiana Avenue and such other construction necessitated by such project, which provides for formal completion date, and date for payment without penalty and interest. As Built (Final Reso.) 6/98(rea0lasbuift)Vk/DC RESOLUTION NO. 98- 73 A RESOLUTION OF INDIAN RIVER COUNTY, FLORIDA, CERTIFYING "AS -BUILT' COSTS FOR INSTALLATION OF WATER SERVICE TO LOUISIANA AVENUE AND SUCH OTHER CONSTRUCTION NECESSITATED BY SUCH PROJECT; PROVIDING FOR FORMAL COMPLETION DATE, AND DATE FOR PAYMENT WITHOUT PENALTY AND INTEREST. WHEREAS, the Board of County Commissioners of Indian River County determined that water improvements for properties located within the area of Louisiana Avenue (Main Street to CR#512) are necessary to promote the public welfare of the county; and WHEREAS, on Tuesday, February 4, 1997, the Board held a public hearing at which time and place the owners of property to be assessed appeared before the Board to be heard as to the propriety and advisability of making such improvements; and WHEREAS, after such public hearing was held the County Commission adopted Resolution No. 97-10, which confirmed the special assessment cost of the project to the property specially benefited by the project in the amounts listed in the attachment to that resolution; and WHEREAS, the Director of Utility Services has certified the actual "as -built" cost now that the project has been completed is less than in confirming Resolution No. 97-10, NOW, THEREFORE, .BE IT RESOLVED BY THE BOARD OF COUNTY COMMISSIONERS OF INDIAN RIVER COUNTY, FLORIDA, as follows: July 14, 1998 57 0 8OOK i 0 3) F,iGE 310"