Reso 2007-1137 - Laserfiche WebLink

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cost, $1,009,000, not including interest, is to be funded by special assessments imposed on benefited property as shown in the Final Assessment Roll attached as Exhibit A. Section 4. Benefited Area. The City hereby determines that the levy of non-ad valorem special assessments is needed to fund a portion of the cost of providing necessary sanitary sewer improvements that provide special benefit to property on Atlantic Isle. With the adoption of this Final Assessment Resolution, the City hereby imposes a special assessment on all lots and lands on Atlantic Isle specially benefited by the sanitary sewer improvements through the provision of sewer lateral connections. The sanitary sewer improvements will provide special benefit to all lots and lands on Atlantic Isle capable of being served by the sanitary sewer improvements. Each lateral sewer connection that will provide or is capable of providing sanitary sewer service to the assessed property is the measure of benefit, or Benefit Unit, used to calculate the special assessments for each benefited parcel. The method of calculating the special assessments is detailed in the Atlantic Isle Special Assessment Methodology Report, dated July 16, 2007, which report shall be available from the City Clerk. The special benefit provided by the sanitary sewer improvements is hereby determined to be equivalent to the number of lateral sewer connections constructed for each lot or parcel as shown in the Final Assessment Roll attached as Exhibit A, as may have been adjusted by the Commission based on evidence and testimony provided at the equalization hearing. Section 5. Collection of Special Assessments. With adoption of this resolution, the City imposes non-ad valorem special assessments on all benefited property on Atlantic Isle for assessed costs of $1,009,000, not including interest, which is only a portion of the cost of the sanitary sewer improvements. The assessed costs of $1,009,000, not including interest, shall be collected through special assessments imposed by the City for the sanitary sewer improvements. The special assessments shall be payable as shown in Exhibit B to this Resolution, with the initial payment to be billed after completion of the planned sanitary sewer improvements anticipated in late 2007 or in 2008. The assessment may be billed annually by the City directly to each property owner or may be included on the annual property tax bill pursuant to the Uniform Assessment Collection Act upon fulfillment of additional requirements in Section 197.3632, Florida Statutes. Subsequent installments of the special assessment shall be due annually. The special assessment, including interest accrued to date, may be prepaid in full at any time after construction of the improvements. Upon failure of a property owner to pay any annual installment due, or any part thereof, or any annual interest upon deferred payments, the City shall cause to be brought the necessary legal proceedings to enforce payment thereof, with interest and penalties, together with all legal costs incurred, including reasonable attorney's fees, to be assessed as part of the costs, and in the event of default in the payment of any installment of an assessments, or any accrued interest on said assessment, the whole assessment, with the interest and penalties thereon, shall immediately become due and payable and subject to foreclosure. In the foreclosure of any special assessment service of process against unknown or nonresident defendants may be had by publication, as now provided by law in other chancery suits. The foreclosure proceedings shall be prosecuted to a sale and conveyance of the property involved in said proceedings as now provided by law in suits to foreclose mortgages; or, in the alternative, said proceedings may be instituted and Page 3 of 14