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Fr- <br />• <br />BOOK 103 PAGE 50 <br />ON MOTION by Commissioner Adams, <br />SECONDED by Commissioner Tippin, the Board <br />unanimously adopted Resolution 99-020 providing <br />for certain paving and drainage improvements to l' <br />Street between 16* Avenue and 18'` Avenue <br />(Moreland Subdivision), providing the total <br />estimated cost, method of payment of assessments, <br />number of annual installments, and legal description <br />of the area specifically benefitted. <br />Providing (First Resolution) 3/25/97(ENG)RESI.MAG1ktp <br />RESOLUTION NO. 99- 2 0 <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 1gT STREET BETWEEN 16TH AVENUE <br />AND 10 AVENUE (MORELAND SUBDMSION), PROVIDING <br />THE TOTAL 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 1 ° Street between 1 & Avenue and I e Avenue. <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 TWENTY-SIX THOUSAND SEVEN HUNDRED FIFTY SIX DOLLARS and .ONE CENTS <br />($26,756.01); and <br />WHEREAS, the special assessment provided hereunder shall, for any given record <br />owner of property within the area specially benefitted, be in an amount equal to that proportion of <br />seventy-five percent (75%) of the total cost of the project ($20,067.01) which the number of lineal <br />feet of road frontage owned by the given owner bears to the total number of lineal feet of road <br />frontage within the areas specially benefitted plus two percent (2%) of the property owners <br />assessment for collection fees and twenty-five percent (25%) of the total cost of the project <br />($6,689.00) will come from Petition Paving Account. Assessments are to be levied against all lots <br />MARCH 211999 <br />-52- <br />• <br />