73-18RESOLUTION NQW 73-1$
WHEREAS,. in the opinion of the City Commission of the City
of Atlantic Beach, State of Florida, a necessity exists re-
quiring the installation of water and sewer lines as here-
inafter specified and installing lateral collection lines on
and along the same, and
WHEREAS, in the opinion of the City Commission of the said
City, the property and real estate abutting and adjacent to
the street. hereinafter mentioned and described will be especially
benefited thereby, and the owners of the property abutting
and adjacent there to will be fully compensated for the cost
of said improvements in the enhancement of the values of the
real estate and the property affected by said improvements,
and the cost to said property owners in the opinion of th.e
City Commission of said City will be equitable and just in
proportion to said increased values,
THEREFORE.,. BE IT RESOLVED BY THE CITY COMMISSION OE THE SAID
CITY THAT improvement shall consist of and include the area
known as Saltair Subdivision and be located on Belvedere Street
in the 500 feet South of David Street as detailed by vicinity
map dated May 30, 1973 as prepared by Walter Jp Farks, Jr.,
indicating sewer and water line extensions to serve property
on the East and West side of the right of way of Belvedere
within the above mentioned 500 feet,
BE IT FURTHER RESOLVED THAT it is the opinion of said Commission
that the cost of installation of water and sewer lines, laterals,
manholes, valves, and fittings on said improvement will be just
to the property owners thereon and is warranted under a necessity
which exists for said improvement, and that the cost of said
improvement shall be paid as follows to wit;,
1, Cash within .ninety (90) days without interest ors
2. One-third of the total assessment to be paid without
interest within a period of ninety (90) days after
completion of the work, One-third to be paid at the
end of one year after completion of the works together
with interest at the rate of six (6) percent per
annum, One-third to be paid at the end of two years
after completion of the work, together with interest
at the rate of six (6) percent per annum.
BE IT FURTHER RESOLVED THAT the plan adopted by the City Commission
of said City to be used for deferring the cost of said improve-
ments as .applied to the property owners whose property adjoines
said street and said improvements shall be according to the
front foot plan and rule, provided that if the application of
this rule in the opinion of the City Commission of said City,
be unjust or unequal, or the result in individual cases in
assessment in excess of specific benefits received from such
improvements, then th.e City Commission shall adopt such. rule
of apportionment as shall effect a substantial equality between
said owners, considering the benefits received by and burdens
imposed on .said owners and their. respective property.
BE IT FURTHER RESOLVED BY THE CITY COMMISSION OF THE CITY OF
ATLANTIC BEACH, STATE OF FLORIDA, THAT the City Manager be
instructed to furnish the City Commission an estimate in
writing of the cost to the City and to each property owner
whose property adjoines said. street and said improvements.
PASSED BY THE CITY COMMISSION ON: June 25, 1973
ATTEST:
Gloria une Kni:glit, xty Clerk
(SEAL)