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ORDINANCE NO. 2015- 010 SECTION 2 PURPOSE A. This Municipal Service Benefit Unit is created for the purposes of funding a street lighting system within the boundaries of the unit; identification of locations where lighting is needed within the unit; funding the acquisition of easements, rights-of-way, or other properties necessary for the required improvements; funding construction and maintenance of those improvements deemed necessary or desirable; funding the on-going cost of operating the lights and to fund all reasonable expenses and services related to any of the foregoing activities. B. The Municipal Service Benefit Unit may fund all or any of the aforementioned services or improvements through either current year funding, tax anticipation or multi-year notes or bonds, provided any debt instrument or obligation made must be repayable solely from revenues collected by the Municipal Service Benefit Unit pursuant to the authority and means provided by this ordinance. SECTION 3 LEVY OF ASSESSMENT, ADOPTION OF BUDGET A. The Board of County Commissioners hereby authorizes a levy of a non ad valorem assessment under the authority of section 200.04, Indian River County Code in an amount determined annually based on estimated costs of providing street lighting to the benefited Oslo Park area properties for the ensuing County fiscal year as defined under this ordinance for any or all of those purposes above described, on an assessment per parcel/acre. B. Pursuant to said authority, the Board hereby further authorizes the levying and collection of non ad valorem assessments in a uniform manner for those Municipal Service Benefit Unit expenditures which are determined to provide a reasonably uniform special benefit to all those properties within the Municipal Service Benefit Unit against which such non ad valorem assessment is made. C. Non ad valorem assessments authorized by this section shall be levied and a budget prepared and adopted by the County Commission at the same time and in the same manner as the Board prepares and adopts its annual budget and levies taxes as provided by law. D. Non ad valorem assessments authorized under this section shall be assessed, levied, collected, remitted to and accounted for at the same time and in the same manner as the assessments, levies, collection, and remittance of taxes to the General Fund by the County Commission as provided by law. The budget for this Municipal Service Benefit CODING: Words in format are deletions to existing text; words in underlined format are additions to existing text. 6