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ON MOTION by Vice Chairman Stanbridge, SECONDED BY <br />Commissioner Adams, the Board unanimously adopted <br />Resolution No. 2001-064 certifying "as -built" costs for <br />installation of water service to Dixie Heights, a portion of Dixie <br />Gardens, and Pine Oaks Subdivisions and such other <br />construction necessitated by such project; providing for formal <br />completion date, and date for payment without penalty and <br />interest. <br />RESOLUTION NO 2001- 064 <br />A RESOLUTION OF INDIAN RIVER COUNTY, FLORIDA, <br />CERTIFYING 'AS -BUILT" COSTS FOR INSTALLATION OF <br />WATER SERVICE TO DIXIE HEIGHTS, A PORTION OF DIXIE <br />GARDENS, AND PINEY OAKS SUBDIVISIONS, 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 Dixie Heights, Dixie Gardens, <br />and Piney Oaks Subdivisions are necessary to promote the public welfare of the county; and <br />WHEREAS, on Tuesday, May 16, 2000, 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. 2000-061, 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. 2000-061, <br />NOW, THEREFORE BE IT RESOLVED BY THE BOARD OF COUNTY <br />COMMISSIONERS OF INDIAN RIVER COUNTY, FLORIDA, as follows: <br />1. Resolution No. 2000-061 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 8.5% 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 />July 10, 2001 <br />30 <br />8PG831 <br />