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Resolution 83-490R£S9[.IR'ION Nl. 490 A RESDURTON OF 11iE CT1Y OF SDN(AA1DD, F[DRffi4, PIIILSLLANL 10 F[pRTM SG11V1'E 51]0.03, DEC[ARING SPECIAL AESESSMFIVTS 1TIR $REEET PAVIl~IG AND DR4IIIAGE, DESICdATION OF STREEI5 1O BE IIAPLiOVID, DESIQI4TION ~ OF }xPENSE THERRFYJF, 10 Iffi PAID iH SPECIAL ASSESSMNI, AND M4IVNER OF PAYFffNC, DFSCRIPFtGN OF LANDS ASSESSED, AND CECIAItATION OF ESTIIIAT® O)S1S, IXINFLICIS, SEVEPABIIITY, EE'FECLIVE DATE Wi•ERFAS, ehe City of lungxwd, FLorida, deeps it necessary to pave Georgia Avenue fran its intersection with Crnmty Road 42] to its intersection with Gtant S¢eec, in the Ciry of Lang;.md, Florida: and Wi•EftFAS, ehe City of Irmgwood, Florida, desires to pay for the cost of said pavtne, by ehe levy of special assessmae against certain real property located within the City of Longwood, Florida, and being lands and lots adjoining, contsnuous o, bounding, and abueting upon the atreec co be improved; NRI, THERII~ORE, BE IT RESOLVED BY Tk@ CITY 0)rP1I5SI0N OF 111E CTP[ OF iAN(SI]OD, FIART64, AS FOLtf%JS: 1. Ltae the nature of the proposed inprov®mes co be made pursuant eo ehe provisions of Chanter 1]0, Florida Statutes, 19]], shall be the pavtng of Georgia Avenue, within the City of Iongmd, Florida, fran ats tntexsectvon with Grant Street co vcs ~ntersecLron with fgimty Road 42]. 2. Itat fifty percene of ehe expense thereof shall be paid by special assessment against lands and locs in tt~e City of longcrood, Florida, as hereinafter described, and that fifty percent of the expense thermf stall be paid by the City o£ Longwod, £lozida. +~ 3. 1haC said special assessvsn[s may be paid in gross, or ~ ten ~ (30) amnal installaents with no installma~t pxnrat m be less ebm< one-eenth of Hie individual assessn~t, with the firs[ installmat to be due and payable one yeas fran the date of macmient of final resolution folloudng crng~letian of equalization board heazings and with all subsequent instalhrents to be due and payable on the sam date of each year diareafeer, until the entire balance shall be paid, with each Sndividual assesmrme to bear interest at the race of eight per cent (BR) per anrnan on the unpaid amowt. Flucher, tint interest shall cam~ce ~ the date of the acceptance of the inprove~mt herein described, and stu11 bear interest as provided foz by the provisions oC FLOxida Statute 51]0.09 (19]]). x490 Page 2 ~. 4. 'that the special assessm~t shall be levied against all lots and lands adjoining sad contiguous, or bounding and abutting upon the said iogrrwerat, ~rore specifically designated by Hie assesssmt plat as required by E'torida Statute 5170.04 (1977). 5. Tnac the total estimated cost of the i~rwmait herein desiguted is 566,786.00. 6. that the assessrmt shall be made against each of the lands azid properties az shvun on the asses t plat as hereinabwe described, on a front-foot, pro rata basis, arrived ae by division of the meal costs of the inprovarene divided by the total fret footage of each parcel, lot, or property designated by this Resoution, and shocm upon Hie assessinnt plat as hereinabwe provided for. 7. Thae all resolutions in ca~fiict herewith, be az~d the sane, are hereby repealed. 8. This Resolution shall becwn effective imrediately upon tts passage ad adoption. PASSID AND ADJPLED THiS /~u day of A. D. 1983. Ma< ity o ~/od Florida ATTESL: ~ ~ ity~c