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• <br />11.H.1. RESOLUTION NO. 2002-012 - SEBASTIAN WATER <br />EXPANSION PHASES II -D & II -E (RESOLUTION IV) - FINAL <br />ASSESSMENT <br />The Board reviewed a Memorandum of February 1, 2002: <br />DATE: <br />TO: <br />FROM: <br />P REPARED <br />AND STAFFED <br />B Y: <br />SUBJECT: <br />FEBRUARY 1, 2002 <br />JAMES E. CHANDLER <br />COUNTY ADMINISTRATOR <br />W. ERIKOLSON <br />DIRECTOR OF UTIL �� RVICES <br />U <br />JAMES D. CHAS <br />MANAGER OF AS <br />DEPARTMENT OF <br />1. <br />NT PROJECTS <br />LITY SERVICES <br />SEBASTIAN WATER EXPANSION PHASES II -D & II -E <br />INDIAN RIVER COUNTY PROJECT NOS. UW -97 -13 -DS & UW -97 -14 -DS <br />RESOLUTION IV -FINAL ASSESSMENT <br />B ACKGROUND <br />On May 2, 2000, the Indian River County Board of County Commissioners approved Resolution III, Number 2000- <br />055 for the combined Phases II -D & II -E for the preliminary assessment roll on the above -referenced project. <br />Construction of the project has been completed and property owners have been notified that the water lines are <br />available for connection and connections have begun (See attached copy of minutes -Attachment -1.) <br />ANALYSIS <br />The preliminary assessment was for an estimated cost of $3,515,740.52, which equated to an estimated cost per <br />square foot of $0.194416 (rounded). The final assessment,(see Resolution IV and the accompanying assessment <br />roll), is in the amount of $ 2,807,339.28, which equates to a cost of $0.155773 (rounded) per square foot. The final <br />assessment is 20.15 % less, than the preliminary assessment; however due to reductions in the original square <br />footage of property being assessed the final cost per square foot being assessed is 19.88% less than in the original <br />preliminary assessment. The Non -assessed portion of this projects cost is $253,618.36, which is for a 12 inch <br />Master Plan Water Main along Fleming & Main Streets. The final assessment roll is on file in the County <br />Commission Office. <br />RECOMMENDATION <br />The staff of the Department of Utility Services recommends that the Board of County Commissioners approve the <br />attached Resolutions IV, which is attached, and authorize the Chairman to execute same. <br />LIST OF ATTACHMENTS: <br />I -May 2, 2000 BCC minutes <br />2 -Summary assessment roll <br />February 12, 2002 <br />55 <br />• <br />9 I <br />0I <br />