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• ORDINANCE NO.: 2000-035 PART M. STORMWATER. SECTION 200.30.01_ CREATION OF THE EAST GIFFORD WATERSHED AREA MUNICIPAL SERVICE BENEFIT UNIT. There is hereby established in Indian River County, the East Gifford Watershed Area Municipal Service Benefit Unit under the authority of, and with all those powers conferred by, the Constitution of the State of Florida and Florida Statutes 125.01 (1.) (q) and (r). The real property included within the boundaries of this Municipal Service Benefit Unit and subject to all provisions hereof is described as follows: For a POINT OF BEGINNING, the intersection of the East line of the West one-half of Tract 5, Section 26, Township 32 South, Range 39 East, according to the last general plat of the lands of the Indian River Farms Company recorded in Plat Book 2, Page 25 of the Public Records of St. Lucie County, Florida, and the quarter -section line (the South line of Tract 5 lying within the 41 st Street right-of-way), and run North, along the said East line, to a point lying 105 feet North of the South line of the Annie Gray Battle Tract. Then run Northwesterly to a point lying in the North line of Tract 5, 50 feet East of the East right-of-way of 27th Avenue. Then run West to the East right-of-way of 28th Avenue. Then run North, along the 28th Avenue, to the centerline of 43rd Street. Then run East, along the centerline of 43rd Street, as shown on Plats 1, 2, and 3 of the Hillcrest Subdivision, to its intersection with the center of the main track of the Florida East Coast Railway. Then run Southeasterly, along the track center, to its intersection with the quarter -section line in the 41 st Street right-of-way. Then run West, along the quarter -section line, to the POINT OF BEGINNING. Now lying in Indian River County, Florida. SECTION002 .30.02 PURPOSE 1. This Municipal Service Benefit Unit is created for the purposes of funding improvements of the existing drainage system and maintenance of the improved drainage system within the boundaries of the unit; identification of improvements necessary to provide optimum drainage of all rights-of-way and of the properties within the unit; funding the acquisition of easements, rights-of-way, or other properties necessary for the required improvements; funding the engineering, construction, and maintenance of those improvements deemed necessary or desirable; and to fund all reasonable expenses and services related to any of the foregoing activities. 2. The Municipal Service Benefit Unit may fund all or any of the aforementioned services or improvements through either current year funding or bonds, provided any debt instrument November 7, 2000 55 BK 115 PG 762 •