82-R-56r
RESOLUTION NO. 82-R-56
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
EDGEWATER, FLORIDA, PURSUANT TO SECTION 170.03,
FLORIDA STATUTES, DECLARING THE RATE OF INTEREST
CHARGE AND THE TERM OF ASSESSMENTS LEVIED AGAINST
BENEFITED PROPERTIES AND THE DISCOUNT FORMULA FOR
THE PURPOSE OF CONSTRUCTION OF HARD SURFACE STREETS
WITHIN THE CITY OF EDGEWATER, FLORIDA.
WHEREAS, the City of Edgewater, Florida has enacted Resolution
No. 82-R-22 on April 5, 1982, this pertaining to the paving and assess-
ments against owners of three streets in the subdivision known as Florida
Shores, and
WHEREAS, it is necessary to establish a financing period, a charge
for delayed payments, and a discount for early payments.
NOW THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF
EDGEWATER, FLORIDA:
SECTION 1. That the implementation of Resolution No. 82-R-22,
specifically Section 8 of said Resolution, shall be as follows:
A. That those parties assessed wishing to pay cash at the time
of billing for the amount assessed may receive a discount
equal to 4% of the amount assessed.
B. That all assessed parties who wish to pay by installment
may finance the installment over sixty (60) equal monthly
payments at an interest rate which, at the time of mailing
notices of assessment, equals the highest interest rate
offered for city governments in Volusia County, plus 1%.
SECTION II. All Resolutions or parts of Resolutions in conflict
herewith be and the same are repealed.
SECTION III. This Resolution shall take effect immediately upon its
adoption as provided by law.
The first reading of the Resolution was read in full and passed by a
vote of the City Council of the City of Edter,ter, Florida t a regular
meeting of said Council held on the /_day of _� 1982.
The vote on the above and foregoing Resolution No. 82-R-56 following
first reading thereof was as follows:
ZONE�'+' COUNCILMAN
NE
FOUR
'OUt ILMAN
ATTEST:
Approved for legality and form:
I T NEY