File #: 18-1443    Version: 1
Type: Public Hearing Status: Agenda Ready
File created: 1/29/2018 In control: Public Hearings
On agenda: 2/6/2018 Final action: 2/6/2018
Title: Water Main Extension along 103rd Court from 88th Street to S. 89th Street within a portion of Blocks E and H, Vero Lake Estates Subdivision, Unit H-3, located in Indian River County, Public Hearing and the Adoption of Resolution No. III (Legislative)
Indexes: 103rd Court, Assessment Project, Florida Department of Environmental Protection, Public Hearing, Resolution, Vero Lake Estates, Water Distribution
Attachments: 1. Report, 2. Map of Assessment Area, 3. Estimated Monthly Expenses for Water Assessment, 4. Confirming Resolution (Resolution No. III), 5. Assessment Roll (Exhibit A to Resolution No. III)

Title

Water Main Extension along 103rd Court from 88th Street to S. 89th Street within a portion of Blocks E and H, Vero Lake Estates Subdivision, Unit H-3, located in Indian River County, Public Hearing and the Adoption of Resolution No. III (Legislative)

Recommended Action

Open the public hearing and after receiving input, consider adopting Resolution No. III with any revisions based on that public input. Staff recommends that the BCC consider the following options:  1) Adopt Resolution No. III with the following items: a. Cost per parcel of $5,200.00; b. Nine (9) benefitting parcels as part of the special assessment lien; c. For benefitting parcels in point b, allow property owners to finance the capital cost of $5,200.00 for up to 10 years, payable in ten equal yearly installments at an annual interest rate of 5.00% (set by the BCC each January); and, 2) Allow property owners to connect once the new water main has been placed into service prior to Resolution IV.