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, i300KPAGE 503 DATE: MAY 28,1999 TO: JAMES E. CHANDLER COUNTY ADMINISTRATOR FROM: DONALD R. HUBBS, P DIRECTOR OF UTILITY, S PREPARED JAMES D. CHASTAIN AND STAFFED MANAGER OF AS NT PROJECTS BY: SUBJECT: CH MRYWOOD ESTATES PETITION WATER SERVICE 59TH AVENUE, SOUTH OF 33RD STREET (CHERRY LANE) INDIAN RIVER COUNTY PROJECT NO. UW -98 -05 -DS RESOLUTION IV — FINAL ASSESSMENT BACKGROUND On September 8, 1998, the Indian River County Board of County Commissioners approved Resolution III, No. 98-93, for the preliminary assessment roll on the above -referenced project. Construction of the project has been completed. Customer connections have now begun, and we request the Board of County Commissioners' approval of the final assessment roll. (See attached minutes and Resolution III). ANALYSIS The preliminary assessment was for an estimated cost to be assessed of $62,840.00, which equated to $0.125032 (rounded) per square foot of property owned. The final assessment (see attached Resolution IV and the accompanying assessment roll) is in the amount of $52,941.63, which equates to a cost of $0.105337 (rounded) per square foot of property. This is a project cost and assessment reduction of 15.75%. RECOMMENDATION The staff of the Department of Utility Services recommends that the Board of County Commissioners approve adoption of Resolution IV. Commissioner Ginn congratulated staff on bringing the project in under the estimate. ON MOTION by Commissioner Ginn, SECONDED BY Commissioner Stanbridge, the Board unanimously (by a vote of 4-0) adopted Resolution 99-054 certifying "as -built" costs for installation of water service to Cherrywood Estates Subdivision (59th Avenue, south of 33-' Street) and such other construction necessitated by such project; providing for formal completion date, and date for payment without penalty and interest. JUNE 89 1999 24 0 40