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Resolution 86-577RESOLUTION NO. 5]] RESOLUTION OF THE CITY OF LOGO OOD, FLORIDA, PURSUANT TO FLORIDA STATUTE El N.03, DECLARING �. SPECIAL ASSESSMENTS FOR STREET PAVING AN➢ DRAINAGE, NATION OF STREETS TO IMPROVED, DESIGNATION OF E THEREOF, TO BE PAID BY SPECIAL ASSESSMENT, MANNER OF PAYMENT, DESCRIPTION OF LANDS ASSESSED, AND DECLARATION OF ESTIMATED COSTS, CONFLICTS, SEVERABILITY, EFFECTIVE DATE WHEREAS, the City of Longwood, Florida, deems it necessary to pave Park Avenue from its Intersection with South Mille, Etreet (formerly South west Lake Street) tO its intersection with South Wilma Street, rn the City of Longwood, Florida; and WHEREAS, the City of Longwood, Florida, desires to pay for the cost of said paving by the levy Of special i ass essmenis against certain real property located within the City of Longwood, Florida, and being lands and lots adjoining, continuous to, bounding, and abutting upon the street to be improved; NOW, THEREFORE, BE IT RESERVES BY THE CITY COMMISSION OF THE CITY OF LONOWOOD, FLORIDA, AS FOLLOWS: 1. That the nature of the proposed improvements to I. made pursuant to the provisions If Chapter 170, Florida Statutes, shall be the paving of Park Avenue, within the City If Longwood, Florida, from its rntacsection with South Mille, Street (formerly South West Lake Street) to its intersection with South Wilma street. 2. That ninety percent of the expense thereof shall be paid by special assessment against lands and lots in the City of Longwood, Florida, as hereinafter described, and that ten percent of the expense thereof sha11 be paid by the City If Longwood, Florida. 3. That said special assessments may be paid an gross, or in ten (10) annual installments with no installment payment to be less than one -tenth of the individual assessment, with the first installment to be due and payable one year from the data of enactment of final resolution following completion of equalization board hearings and with all subsequent installments to be due and payable on the -- sall,,�.Ir—, no.577 ge th,, ".prove—,t --� 1- thc th- j---t as pi--d foi by the p-,—i—, of I'l-Ria Statute 117-1. 01.11 be 1-- and I —db a""A n U, and oontlguoos, of sp—M-Ily designated by the b, bu--, S170—. 5. Vhat tl- t1ta_ e.. ti�4ted cc�L of the improvement he refry kbig--d in $25,853.00. 6. That the —11 b, made ega last cat., .f the lands anQ proYei'.'tie:> as shovrr� on tits an _es si.tnt Flat as divided b, tire to fl— fop Cage of —h P-1—ty 11-9-- b, this R—."U., -d shorn u_ the 11— 11 hl-ilblk—1 provided f— ,..d the ..... .... 1r... IM, -1-bil-ly upon it l� 1,1111g, and