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Page 2 <br /> 9th Lane Petition Millings Project <br /> Glendale Lakes Subdivision and Glendale Lakes Subdivision Unit Two <br /> For June 9, 2015 BCC Meeting <br /> FUNDING <br /> The total estimated project cost= $11,217.12 <br /> 75%to be paid by property owners= $8,412.84 <br /> 2%Collection fee (75%figure) = $168.26 <br /> Total assessment=$8,581.10 <br /> 25%to be paid by the County=$2,804.28 to be allocated from the Secondary Roads Gas Tax Account No. <br /> 10921441-035510-15026, 9th Lane/Glendale Lakes Petition Paving. <br /> RECOMMENDATION <br /> 1) Adopt the resolution providing for the millings installation for 9th Lane Petition Milling Project <br /> In Glendale Lakes Subdivision and Glendale Lakes Subdivision Unit Two subject to the terms <br /> outlined in the resolution. The Board of County Commissioners shall establish the applicable <br /> interest rate at the time the final assessment roll is approved. <br /> 2) Allocate$2,804.28 from the Secondary Roads Gas Tax Account No. 10921441-035510-15026,9th <br /> Lane/Glendale Lakes Petition Paving. <br /> 3) Adopt a resolution setting the time and place of the Public Hearing—August 18, 2015 at 9:05 <br /> A.M. <br /> ATTACHMENTS <br /> 1. Providing Resolution <br /> 2. Setting Resolution for Public Hearing <br /> 3. Cost Estimate <br /> 4. Assessment Roll and Assessment Plat <br /> DISTRIBUTION <br /> 1. Terry Cook, Road & Bridge Superintendent <br /> 2. Vincent M. Burke, P.E., Director of Utilities Services <br /> APPROVED AGENDA ITEM <br /> Indian River County Appr. -• Date <br /> FOR June 9. 2015Ar 0?) <br /> Administration <br /> • <br /> BY •_ I <br /> 4 '/� �' / Budget / 5 <br /> Legal •O 6'?- IS' <br /> Utilities ��� 6131,7 <br /> Public Works C--2 iS <br /> Engineering <br /> P:\Public Works\ENGINEERING DIVISION PROJECTS\1436-9th Lane W of 43rd Ave-Petition Paving\Admin\agenda items\millings project 86 <br /> memo to bcc.doc <br />