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ORDINANCE NO. 2015- 007 <br />B. The Municipal Service Benefit Unit may fund all or any of the aforementioned <br />services or improvements through either current year funding, tax anticipation or multi-year <br />notes or bonds, provided any debt instrument or obligation made must be repayable solely <br />from revenues collected by the Municipal Service Benefit Unit pursuant to the authority and <br />means provided by this ordinance. <br />SECTION 3 LEVY OF ASSESSMENT, ADOPTION OF BUDGET <br />A. The Board of County Commissioners hereby authorizes a levy of a non ad valorem <br />assessment under the authority of section 200.04, Indian River County Code in an amount <br />determined annually based on estimated costs of providing street lighting to the benefited <br />Oceanside Replat properties for the ensuing County fiscal year as defined under this <br />ordinance for any or all of those purposes above described, on an assessment per <br />parcel/acre. <br />B. Pursuant to said authority, the Board hereby further authorizes the levying and <br />collection of non ad valorem assessments in a uniform manner for those Municipal Service <br />Benefit Unit expenditures which are determined to provide a reasonably uniform special <br />benefit to all those properties within the Municipal Service Benefit Unit against which such <br />non ad valorem assessment is made. <br />C. Non ad valorem assessments authorized by this section shall be levied and a <br />budget prepared and adopted by the County Commission at the same time and in the <br />same manner as the Board prepares and adopts its annual budget and levies taxes as <br />provided by law. <br />D. Non ad valorem assessments authorized under this section shall be assessed, <br />levied, collected, remitted to and accounted for at the same time and in the same manner <br />as the assessments, levies, collection, and remittance of taxes to the General Fund by the <br />County Commission as provided by law. The budget for this Municipal Service Benefit <br />Unit in each year shall contain that portion of the estimated cost of providing services <br />hereunder, including debt service, for which costs will be incurred in the given year. <br />SECTION 4 DISPOSITION OF PROCEEDS FROM LEVY OF TAXES <br />All funds obtained by the levy of a non ad valorem assessment on the property <br />within the boundaries for the Oceanside Replat Street Lighting Municipal Service Benefit <br />Unit shall be maintained in a separate account and used solely for the purpose of providing <br />those services set forth above. <br />CODING: Words in strike through format are deletions to existing text; words in underlined <br />format are additions to existing text. <br />4 <br />