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R-96-929 r~ CITY OF CLERMONT RESOLUTION No. 929 A RESOLUTION OF THE CITY OF CLERMONT, LAKE COUNTY, FLORIDA, PROVIDING FOR IlViPROVEMENTS TO OSCEOLA STREET, PROVIDING FOR THE NATURE OF IlVIPROVEMENTS, PROVIDING FOR SPECIAL ASSESSMENT, AND PROVIDING FOR THE TOTAL ESTIMATED COST. The City Council of the City of Clermont, Lake County, Florida, hereby ordains that: SECTION 1. The City Council proposes to open and improve Osceola Street from the east right-of--way line of West Avenue to the west right-of--way line of 8th • Street, all according to the Official Map of the City of Clermont, recorded in Plat Book 8, Pages 17-23, inclusive, Public Records of Lake County, Florida. SECTION 2. The nature of the improvements are grading, storm water management, and paving according to the standards for streets established by the City of Clermont. SECTION 3. The costs of the improvements shall be paid by Special Assessment pursuant to Section 170, Florida Statutes. Said Special Assessment shall be based upon a prorata share of the total front footage of adjacent lands. The Special Assessment shall require that one-third of the cost be paid from the general fund of the City of Clermont and the balance of the two-thirds paid by the property owners of lands adjoining the said improvements. SECTION 4. Payments may be made in either a lump sum or within 60 days of recording of the Final Assessment Roll, or in five (5) equal annual installments together with interest at the rate of eight percent (8 %) per annum with the first payment due and payable 12 months after the recording of the Final Assessment Roll. SECTION 5. The lands to be assessed are all lands adjoining the said portion • of Osceola Street to be improved. • • • CITY OF CLERMONT RESOLUTION No. 929 Page 2 SECTION 6. The total estimated cost of the improvements is NINETY ONE THOUSAND THREE HUNDRED FORTY NINE AND NO/100 DOLLARS ($91,349). DONE AND RESOLVED BY THE CITY COUNCIL OF THE CITY OF CLERMONT, LAKE COUNTY, FLORIDA THIS ~~DAY OF OCTOBER, 1996. Robert A. Pool, Mayor Attest: J ph ,Van i , Cit Clerk