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The amount of the 1989 Special Assessments originally totaled $6,081,290, of which $1,870,548 were prepaid prior to the issuance of the Series 1989 Special Assessment Bonds, and of which $3,780,995 has been paid through the end of the fiscal year ending September 30, 1995, and of which $429,747 remains to be paid over the next three years. The historical delinquencies in the payment of the 1989 Special Assessments represent less than 2.5% of the scheduled principal due. The County collects any delinquent amounts through the County Tax Collector utilizing the Uniform Method of collecting non -ad valorem assessments procedures provided by law. All payments and prepayments of 1989 Special Assessments are deposited, as received, into the Revenue Fund. Substantial prepayments may occur in which case a significant portion of the Series 1993B Bonds may be subject to redemption prior to maturity. See "SECURITY AND SOURCES OF PAYMENT" - Extra- ordinary Mandatory Redemption of Series 1993B Bonds" herein. Pledge of 1990 Special Assessment Revenues r iyw bnectat Assessments: In accordance with Chapter 125, Florida Statutes, the County enacted Resolution Nos. 88-100, 88-102, 0103,88-104, and 88-105 on October 11, 1988 (the "Initial 1990 Assessment Resolutions"). The Initial 1990 Assessment Resolutions authorized the levy of special assessments and provided the procedure therefor. Under the Initial Assessment Resolutions, the special assessments are to be levied against certain properties to be connected to the System. On June 1, 1990, the County issued its Series 1990 Special Assessment Bonds, which were refunded by the Series 19938 Bonds. The Series 1990 Special Assessment Bonds were issued for the expansion of the waste- water treatment system of the County, including without limitation reimbursement of a portion of the cost of the acquisition and construction of certain sewer line extensions and the installation of a certain low pressure grinder pump system in the Rockridge sanitary sewer area of the County to service the immediate and future needs of the area. In connection therewith special assessments were levied against certain benefitted property (the "1990 Special Assessments"). f the 1990 Soecial Assessmen The 1990 Special Assessments were to be paid in 120 equal monthly installments with interest thereon. Pursuant to the terms of the resolutions levying the 1990 Special Assessments, the owner of an assessed property may prepay the balance of the 1990 Special Assessments due on such property in full at any time. In such event, such owner must also pay an appropriate interest and/or prepayment charge as determined by the County at the time of prepayment. The prepayment of the 1990 Special Assessments does not entitle the owner of an assessed property to a discount for early payment. The amount of the Series 1990 Special Assessments originally totaled $1,328,250 of which $680,250 were prepaid prior to the issuance of the County's Series 1990 Special Assessments Bonds, of which $437,540 has been paid through the end of the fiscal year ending September 30, 1995, and of which $210,460 remains to be paid over the next three years. The historical delinquencies in the payment of the 1990 Special Assessments represent less than 2.4% of the scheduled principal due. The County collects any delinquent amounts through the County Tax Collector utilizing the Uniform Method of collecting non -ad valorem assessments procedures provided by law. All payments and prepayments of 1990 Special Assessments are deposited, as received, into the Revenue Fund. Substantial prepayments may occur in which case a significant portion of the Series 1993B Bonds may