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Providing (first Reso.) Resolution No. 2015- n:Z-1 calculation is based on each property's square footage as it bears to the project's total square footage times seventy-five percent (75%), with the remaining twenty-five percent (25%) of the total cost of the project ($2,804.28) being paid by the County from its Petition Paving Account; and WHEREAS, assessments are to be levied against all lots and lands adjoining and contiguous or bounding and abutting upon the improvements or specially benefited thereby and further designated by the assessment plat with respect to the special assessments; and WHEREAS, any special assessment not paid within a ninety (90) day period from the passage of the as -built or final resolution shall bear interest beyond the due date at a rate established by the Board of County Commissioners when the improvements are completed, and shall be payable in two (2) equal yearly installments, the first to be made twelve (12) months from the due date and subsequent payment to be due by the next year; and WHEREAS, the special assessment shall become due and payable at the office of the Department of Utility Services of Indian River County ninety (90) days after the final determination of the special assessment pursuant to Section 206.08, Indian River County Code; and WHEREAS, after examination of the nature and anticipated usage of the proposed improvements, the Board of County Commissioners has determined that the following described properties shall receive a direct and special benefit from this improvement, to wit: Lots 10 through 13, Block 7; Glendale Lakes, Plat Book 6, Page 26 and Lots 1 through 3, together with those lands as described in ORB 686, Page 2318; Glendale Lakes Subdivision Unit Two, Plat Book 9, Page 90, all of the public records of Indian River County, Florida. Said lands lying in Indian River County, Florida. NOW THEREFORE, BE IT RESOLVED BY THE BOARD OF COUNTY COMMISSIONERS OF INDIAN RIVER COUNTY, FLORIDA, as follows: 2