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DATE: OCTOBER 28, 2002 <br />TO: JAMES E. CHANDLER, COUNTY ADMINIS I'RATOR <br />FROM: W. ERIK OLSON, DIRECTOR OF UTILITY SERVICES <br />PREPARED JAMES D. CHASTAIN, MGR OF ASSESSMENT PROJE <br />AND STAFFED BY: DEPARTMENT OF UTILITY SERVICES <br />SUBJECT: SEBASTIAN WATER EXPANSION PHASE'S III -B & III -C <br />IRC PROJECT Nos. UW -97 -17 -DS & UW -97 -18 -DS <br />RESOLUTION IV -FINAL ASSESSMENT <br />RACKGROTIND• <br />On March 6 2001, the Indian River County Board of County Commissioners approved Resolution <br />III, No. 2001-028, for the preliminary assessment roll on the above -referenced Phase III -B portion of this <br />project. On July 24, 2001, the Indian River County Board of County Commissioners approved the Phase <br />III -C portion of these two (2) projects, Resolution III, No 2001-067, and approved combining Phases BI- <br />B & III -C for bidding and construction purposes. Construction of the project has been completed. <br />Owners have been notified and connections have begun Staff is requesting the Board's approval of the <br />final assessment roll. <br />ANALYSIS: <br />The preliminary assessment for Phase lII-B was for an estimated cost of $1,335,742.80, which equated <br />to $0.242354 (rounded) per square foot of property assessed. The revised combined cost estimate for <br />Phases 1II-B & III -C was $3,285,521.48, which equated to $0.221673 (rounded) per square foot. The fmal <br />project cost for Phases III -B & 1II-C is in the total amount of $2,099,234.10, which equates to a cost of <br />$0.141635 (rounded) per square foot. The final total is $0.080038 per square foot or 36.11 % less than the <br />preliminary cost estimate. <br />The final cost and summary assessment rolls are attached (Attachment 1). The full assessment roll is on <br />file in the Commission office <br />RFCOMMENDATTON• <br />The staff of the Department of Utility Services recommends that the Board of County Commissioners <br />approve adoption of Resolution IV, which is attached, and authorize the Chairman to execute same. <br />ATTACHMENT• <br />Resolution IV & Final Assessment Summary & Roll <br />ON MOTION by Commissioner Adams, SECONDED BY Vice <br />Chairman Tippin, the Board unanimously (4-0, Commissioner <br />Macht absent) adopted Resolution No. 2002-094 certifying "as - <br />built" costs for installation of water service to the Sebastian <br />Area, Phases III -B & III -C, in the City of Sebastian, Florida, <br />and such other construction necessitated by such project; <br />providing for formal completion date, and date for payment <br />without penalty and interest. <br />November 5, 2002 <br />