Resolution 80-386FESOLU — N0. 386
A RESOICTION OF TFD3 CITY OF --Cl, FLORIDA,
PNRSUANT TO FWKCI ST—F S170.03, DECLARINO
SPECIAL ASS—TS FOR INSTA TION OF WATER
LINES, DES IGWION of EXPENSE THEREOF, TO U
PAIL Cl SPECIAL ASE —bT, AND MANNER OF PAYMENT,
DESCRIPTION of LldVDS ASS—TD, AN DECLARATION of
ESTIMATED COST, CONFLICTS, SEVF.RADILTTY, EFFECTIVE
DATE.
WF®iEAS, t➢e City Cl Longwood, F
tC install water lines along SR 434 from R
to sobik Sandwich Shop property; and
N1iEAEAS, the City of Iongwood, F
the cost of said installation by the levy
against certain real property located with
Florida, end being lands end lots adjainin
pursuant to the pravis ions of C➢apter 170, Florida Statutes, 1977,
shall be tM1e installation of water line along t➢e south side of SR 434
from Hsy-Con General property to Sobik Sandwich TO, property, within
the City of Iopgwood, Florida.
2. That one- hundred percent of the expense of material thereof
shall be paid by special assessment against lands end lots in the City
of Inngwood, Florida, as hereinafter described.
3. That -id p ial assessments may ➢ paid in gross, or
in ten (10) .-1 installments with no installment payment t0 be less
'than one -tenth of the individual assessm , with the first installment
to be due end p ble Sune 1, 1991, and with all subsequent lnstallments
to be due d payable on the first d y of Jnne of each year thereat ter,
until the entice ➢elance shall be pall, with each individual assessment
to bear interest at the rate of eight per cent (8S) p annam on the
unpaid amo F—ther, that interest shall conmene upon the date of the
acceptance of the improvement herein described, and .shell bear interest
s provided for by the provisions of Florida Statute S170.09 (19W).