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i ORDINANCE NO. 2015- 1 SECTION 2 PURPOSE A. This Municipal Service Benefit Unit is created for the purposes of funding street paving within the boundaries of 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; 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 The levy of assessment and adoption of budget is in accordance with Section 200.04, of the Indian River County Code. SECTION 4 DISPOSITION OF PROCEEDS FROM LEVY OF TAXES The disposition of proceeds from levy of taxes is in accordance with Section 200.06, of the Indian River County Code. SECTION 5 AMENDMENT TO CODE Section 200.11 is hereby amended as follows: " Roma. An additional service of street paving is added to a portion of Oceanside Replat, which additional service shall sunset after the fifth year of assessment. SECTION 6. CODIFICATION It is the intention of the Board of County Commissioners that the provisions of this ordinance shall become and be made a part of the The Code of Indian River County, and that the sections of this ordinance may be renumbered or relettered, and the word "ordinance" may be changed to "section," "article," or such other appropriate word or phrase in order to accomplish such intention. CODING: Words in stFike thFOUgh format are deletions to existing text; words in underlined format are additions to existing text. 3 135 i.