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• 0 DESCRIPTION AND CONDITIONS The paving of the above mentioned road has been completed. The final assessment is as follows: Preliminary Estimates Final Cost County's Cost $126,707.30 County's Cost $115,000.81 Property Owner's Cost $126,706.30 2% Tax Collector's Fee $ 2,534.15 Total Property Owners's Cost$129,240.45 Property Owner's Cost $115,000.81 2% Tax Collector's Fee $ 2,300.39 Total Property Owner's Cost $117,301.20 (149.09 Acres) (148.65 Acres)** $866.86867/per Acre $789.11/per Acre ** The Tax Assessor's undated records for the total acreage of the benefitted area vary somewhat from the preliminary assessment roll. The final assessment roll has been prepared and is ready to be delivered to the Clerk to the Board. Assessments are to be paid within 90 days or in 2 equal installments, the first to be made twelve months from the due date and subsequent payments to be due yearly from the due date at an interest rate of 7% % established by the Board of County Commissioners. ALTERNATIVES AND ANALYSIS Since the final assessment to the benefitted owners will not exceed the approved preliminary assessment roll, the only alternative presented is to approve the final assessment roll. RECOMMMATIONS AND FUNDING It is recommended that the final assessment roll and the "As -Built Resolution" for the paving of the above mentioned road be approved by the Board of County Commissioners and that it be transferred to the Indian River Utilities Department for collection. Funding for the property owners share will come from the Petition Paving Account No. 111-214-541-035.51 and the county's share will come from the Local Option Gas Tax. ATTACHMENT 1) As -Built Resolution 2) Final Assessment Roll (Exhibit "A") 3) Final Costs AUGUST 17, 1999 Wel