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R-62-102 =D V· I {!) 1- ~ RESOLUTION FOR STREET IMPROVEMENT & SPECIAL ASSESSMENT WHEREAS, based on the petitions of at least 75% of the owners of the real property abutting the- street hereinafter described and in the opinion of the City Council of the City of Clermont, Lake County, Florida, a necessity exists requirin~ the clearing, grading, filling, raising, paving, curbing and draining of the hereinafter described street in said City as hereinafter specified; and, WHEREAS, in the opinion of the City Council of said City, the property and real estate abutting and adj acent to the hereinafter described street will be especially benefited thereby, and the owners of the property abutting and adj acent thereto will be fully compensated for the cost of said improvement in the enhancement of the values of the real estate and property affected by said improvements, and the cost to said property owners, in the op inion of the City Council of said City, will be equitable and just in proportion to said increased value; therefore, BE IT RESOLVED by the City Council of said City that the following described street in said City of Clermont shall be cleared, graded, filled, raised, paved, curbed and drained, to wit: Lake Shore Drive West of 12th Street 1 .: I and, BE IT FURTHER RESOLVED by the City Council of said City that it is the opinion of said Council that the cost of clearing, grading, filling, raising, paving, curbing and draining said street will be just to the respect- ive property owners thereon, and is warranted under a necessity which exists as well as under the petitions for said improvements signed by at least 75% of the owners of real property abutting and adj acent to the respective street; and, that the cost of the said improvement on the described street shall be paid as follows: (a) by the owners of all of the lots and lands adjoining and contiguous or bounding and abutting upon the respective street to be cleared, graded, filled, raised, paved, curbed and drained (intersections excluded) under a special assessment on all of said lots and lands equal to two -thirds (2/3) of the total cost, and, "(b) one-third (1/3) plus costs of intersections, if any, to be paid by the said City from the general improvement fund; and, said special assessments shall be due and payable in cash to said City on or before thirty (30) days after said special assessments shall stand approved and confirmed and thereafter same shall bear interest at the rate of eight per centum (8%) per annum, payable annually until fully paid, or any owner may pay same on or before five (5) years together with interest at the rate of six per centum (6%) per annum payable annually together with at lEast one-fifth (1/5) of the original principal provided said owners give the said City their promissory note evidencing said indebtedness payable, both prin- cipal and interest, in the above manner with said interest (prior payments thereon may be anticipated), but said special assessment lien shall remain in full force and effect until all sums due under said note have been fully paid; 4 ~ ... ß 1/¡'f.:3 and the total estimated cost of said impro\ement is: -$8,-4S-ô~·83. BE IT FURTHER RESOLVED that the plan adopted by the Council of said City to be used for defraying the cost of said improvement as applied to the property owners whose property abuts and adjoins said street shall be according to the front -foot plan and rule, provided that should the application of this plan and rule, in the opinion of the Council _ of said City, be unjust and unequal, or result in individual cases in assess- ment in excess of specific benefits received from such improvements, then the Council shall adopt such rule of apportionment as shall effect a substan- tial equality between said owners, considering the benefits received by and burdens imposed on said owners and their respective property. - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - ! A DOPTED by the City Council of the City: of Clermont, Lake County, Florida, at its Regular Meeting held on u'ary 6, 1962, in Clermont, Florida.