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AM 106 pnv 434 SUBJECT. CHERRYWOOD ESTATES PETITION WATER SERVICE 59TH AVENUE, SOUTH OF 33RD STREET (CHERRY LANE) INDIAN RIVER COUNTY PROJECT NO. UW -98 -05 -DS RESOLUTION III - PUBLIC HEARING ZAUK( iKU U N 1) On August 18, 1998, the Indian River County Board of County Commissioners approved Resolution I (98-82) and Resolution II (98-83). 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 (98-82) was published in the VERO BEACH PRESS JOURNAL on August 24, 1998. (See attached agenda item and minutes of the above meeting.) ANALYSIS Design has been completed by the Department of Utility Services' staff. An informational meeting was held with the property owners on August 27, 1998. After a site inspection with the project engineer, the original twenty properties which may benefit from this proposed project have been expanded to include one additional property, which would only be able to have water service from the proposed water line on 59th Avenue. This changes from 65% to 61.9% the thirteen signatures supporting this petition project, of the twenty-one to benefit. Staff recommends the inclusion as the only equitable method for a proportionate sharing of the cost. Eighteen of the properties are from .42 acre to .67 acre. The three largest properties are each greater than two acres in size with a single-family residence on each. These properties also contain some wetlands and a lake. Due to implied constraints as to future development, staff recommends a one -acre assessment for each of these three parcels. (See attached schedule of parcels, lot sizes, and map, which displays the area to benefit from the assessment project.) Approval of the attached Resolution III will confirm and approve the preliminary assessment. The total estimated cost to be assessed is $62,840.00. The estimated cost per square foot is $0.125032 (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. RECOMMENDATION The staff of the Department of Utility Services recommends that the Board of County Commissioners approve Resolution III, which affirms the preliminary assessment of the subject project. The Chairman opened the public hearing and asked if anyone wished to be heard in this matter. There being none, he closed the public hearing. September 8, 1998 22