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An Built (Final Reno.) 3/i0/IPA(.-.....N. k-4IE)vk/nc <br />RESOLUTION NO. 96- 47 <br />A RESOLUTION OF INDIAN RIVER COUNTY, FLORIDA, <br />CERTIFYING "AS -BUILT" COSTS FOR INSTALLATION OF <br />VATER SERVICE TO VERO BEACH HIGHLANDSâ–ş AND SUCH <br />OTHER CONSTRUCTION NECESSITATED BY SUCH PROJECT; <br />PROVIDING FOR FORMAL COMPLETION DATE, AND DATE FOR <br />PAYMENT WITHOUT PENALTY AND INTEREST. <br />NMREAS, the Board of County Commissioners of Indian River County <br />determined that water improvements for properties located within the <br />area of Vero Beach Highlands are necessary to promote the public welfare <br />of the county; and <br />WHEREAS, on Tuesday, March 21, 1995, the Board held a public <br />hearing at which time and place the owners of property to be assessed <br />appeared before the Board to be heard as to the propriety and advis- <br />ability of making such improvements; and <br />WHEREAS, after ouch public hearing was held the County Commission <br />adopted Resolution No. 95-48, which confirmed the special assessment <br />cost of the project to the property specially benefited by the project <br />in the amounts listed in the attachment to that resolution; and <br />WHEREAS, the Director of Utility Services has certified the actual <br />"as -built" cost now that the project has been completed is lens than in <br />confirming Resolution No. 95-48, <br />NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF COUNTY COMMISSIONERS <br />OF INDIAN RIVER COUNTY, FLORIDA, as follows: <br />1. Resolution No. 95-48 is modified as follows: The completion date <br />for the referenced project and the last day that payment may be <br />made avoiding interest and penalty charges is ninety days after <br />passage of this resolution. <br />2. Payments bearing interest at the rate of 8.5% per annum may be made <br />in ten annual installments, the first to be made twelve months from <br />the due date. The due date is ninety days after the passage of <br />this resolution. <br />3. The final assessment roll for the project listed in Resolution No. <br />95-48 shall be as shown on the attached Exhibit "A." <br />4. The assessments, as shown on the attached Exhibit "A," shall stand <br />confirmed and remain legal, valid, and binding first liens against <br />the property against which such assessments are made until paid. <br />