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RESOLUTION NO 2002- 094 <br />A RESOLUTION OF INDIAN RIVER COUNTY, FLORIDA, <br />CERTIFYING "AS -BUILT' COSTS FOR INSTALLATION OF <br />WATER SERVICE TO THE SEBASTIAN AREA, PHASES III -B <br />& III -C IN THE CITY OF SEBASTIAN, FLORIDA, AND SUCH <br />OTHER CONSTRUCTION NECESSITATED BY SUCH <br />PROJECT; PROVIDING FOR FORMAL COMPLETION DATE, <br />AND DATE FOR PAYMENT WITHOUT PENALTY AND <br />INTEREST. <br />WHEREAS, the Board of County Commissioners of Indian River County determined that <br />water improvements for properties located within the area of Phases III -B & III -C of the <br />Sebastian Water Expansion Area in the City of Sebastian, Florida, are necessary to promote <br />the public welfare of the county; and <br />WHEREAS on Tuesday, March 6, 2001, the Board held a public hearing at which time <br />and place the owners of property to be assessed appeared before the Board to be heard as to <br />the propriety and advisability of making such improvements and <br />WHEREAS after such public hearing was held the County Commission adopted <br />Resolution No. 2001-028, which confirmed the special assessment cost of the project to the <br />property specially benefited by the project in the amounts listed in the attachment to that <br />resolution; and <br />WHEREAS the Director of Utility Services has certified the actual "as -built" cost now <br />that the project has been completed is less than in confirming Resolution No, 2001-028, <br />NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF COUNTY <br />COMMISSIONERS OF INDIAN RIVER COUNTY, FLORIDA, as follows: <br />1. Resolution No. 2001-028 is modified as follows: The due date for the referenced project <br />and the last day that payment may be made avoiding interest and penalty charges is ninety <br />days after passage of this resolution. <br />2. Payments bearing interest at the rate of 5.75% per annum may be made in ten annual <br />installments, the first to be made twelve months from the due date. The due date is the <br />date of passage of this resolution. <br />3. The final assessment roll for the project listed in Resolution No. 2001-028 shall be as <br />shown on the attached Exhibit "A." <br />4. The assessments, as shown on the attached Exhibit "A," shall stand confirmed, and will <br />remain legal, valid, and binding first liens against the property against which such <br />assessments are made until paid. <br />5. The assessments shown on Exhibit "Al" attached to Resolution No. 2001-028, were <br />recorded by the County on the public records of Indian River County, and the lien shall <br />remain prima facie evidence of its validity. <br />The resolution was moved for adoption by Commissioner Adams , and the <br />motion was seconded by Commissioner Ti ppi n , and, upon being put to a vote, <br />the vote was as follows: <br />November 5, 2002 <br />