Res 45-99RESOLUTION NO. 45-99
A RESOLUTION OF THE CITY COMMISSION OF THE CITY OF
DELRAY BEACH, FLORIDA, PROVIDING FOR THE
CERTIFICATION AND ADOPTION OF THE PRELIMINARY
ASSESSMENT ROLL FOR THE PINEAPPLE GROVE ENTRANCE
SPECIAL ASSESSMENT DISTRICT TO INCLUDE THOSE
PROPERTIES BORDERING ON N.E. 2ND AVENUE FROM
ATLANTIC AVENUE NORTH TO THE FIRST ALLEY
INTERSECTION, AS MORE FULLY DESCRIBED HEREIN;
PROVIDING FOR THE ASSESSMENT AMOUNT AS TO EACH
PROPERTY; PROVIDING FOR THE METHOD OF PAYMENT OF
THE SPECIAL ASSESSMENT; PROVIDING AN EFFECTIVE
DATE.
WHEREAS, on June 1, 1999, the City Commission adopted Resolution 31-99
which declared the necessity for establisl~.g the Pineapple Grove Entrance Special
Assessment District ("District") in order to defray a portion of the street beautification
improvements within the District; and
WHEREAS, on June 15, 1999, the City Commission adopted Resolution 38-99
which set the date and time for the public hearing at which the City Commission would
consider the approval of the District; and
WHEREAS, the City Clerk has advertised the public hearing and mailed notices
to the property owners to be included in the District; and
WHEREAS, the District will include all those properties listed on the
assessment roll which is attached hereto as Exhibit "A", and as shown on the map
attached hereto as Exhibit "B"; and
WHEREAS, the total estimated cost of the beautification improvements is
$154,000.00, of which the City has budgeted $43,600.00, the CRA has budgeted
$50,000.00, Pineapple Grove Main,street has budgeted $36,000.00 and the property
owners will contribute $25,000.00; and
WHEREAS, each property owner shall be assessed on foot frontage of the
property abutting N.E. 2nd Avenue indicated on the assessment roll, see Exhibit "A";
and
WHEREAS, each property owner may pay their assessment in one lump sum no
later than sixty (60) days following certification that construction is complete; and
WI4~REAS, each property owner rosy pay the sssessm~ in ten (I0) ammal
installments st an interest rate of ¢~ght percent (8%), tls indicsted on the amorti~,ntloll
tables aU. ached hereto ss Exhibit "C";
WHEREAS, the owner of property within the District for which an sssessment
is levied shall thereafter by responsible for payment thereof.
NOW, THEREFORE, BE IT RESOLVED BY TH~ CITY COMMISSION OF
THE CITY OF DELRAY BEACH, FLORIDA, ASFOI.IOWS:
Section 1. That the City Commission of the City of Delray Beach, Florida,
following a duly noticed public hearing, does hereby adopt the above recitals as if fully
set forth herein.
Section 2. That the City Commission of the City of Delray Beach, Florida,
hereby adopts and certifies the assessment roll for the Pineapple Grove Entrance
Special Assessment District, ss set forth in Exhibit "A" which is ~mched hereto and
incorporated herein. .?
Section 3.
passage.
That thi~ resolution shall become effective immediately upon
PASSED AND ADOPTED in regular session on the 20th day of July
1999.
City Clerk
EXHIBIT "A'
BLOCK 76 & BLOCK 84
SPECIAL ASSESSMENT DISTRICT
SECTION: 16 '
SUBDIVISION: 01 ASSESSMENT: $12,500.00
BLOCK: 076 LOT: 0170
PROPERTY ADDRESS:
137 E ATLANTIC AVE
OWNERINFORMATION:
AVENUEINVESTMENTLTD.
7003 MANDARIN DR
BOCA RATON, FL
33433
LEGAL:
TOWN OF DELRAY, LOTS 17 & 18,
Block 76
SECTION: 16
SUBDIVISION: 01
BLOCK: 84 LOT: 0082
OWNER INFORMATION:
LEVIATHAN LAND GROUP INC.
800 N.W. 62ND STREET, #200
FT. LAUDERDALE, FL
33309
SECTION: 16
SUBDIVISION: 01
BLOCK: 084 LOT: 008!
OWNERINFORMATiON:
SANTANO, SUZANE
829 CAMINO RD.,#107
DELRAY BEACH, FL
33445
ASSESSMENT: $8,152.50
PROPER TY ADDRESS:
MULTIPLE ADDRESSES
LEGAL:
TOWN OF DELRAY, LOT 8 (LESS S
48.69 FT OF N 53.45) & LOT 9
(LESS S 48.69 FT OF N 53.45 FT
OF W 22.91 FT), BLOCK 84
ASSESSMENT: $4,347.50
PROPERTYADDRESS:
UNKNOWN
LEGAL:
TOWN OF DELRAy, S 48.69 FT OF
N 53.45 FT OF LOT 8, & S 48.69 FT
OF N 53.45 FT OF W 29.91 FT OF
LOT 9, BLOCK 84
EXHIBIT "B"
N.E. IST AVENUE
CRAmE rU.N,,U~ CO
N.E. 2ND AV[NUE ~ (PINEAPPLE GROVE
~ ROBERT KANEMAN
FLORIDA ~AST
-" ~T ~AST RAILRO~
EXHIBIT "C'
Amortization Table
for Payment of $12,500.00
~rtncipal
Rate
Annual Payment
Installment
Number Principal
8%
Interest
12,900.00
8%
1,862.87
Annual Debt
Service
1 862.87 1,000.00
2 931.90 930.97
3 1,006.45 696.42
4 1,086.97 776.90
5 1,173.93 688.94
6 1,267.84 596,03
7 1,369.27 493.60
8 1,478.81 384.06
9 1,597.11 265.76
10 1,724.86 138.01
1,862.67
1,862.87
1,862.87
1,662.87
1,862.67
%,662.87
1,862.87
1,862.87
1,662.87
1,862.87
12,500.00 6,128.70 18,628.70
Amortization Table
For Payment of $8,152.50
Principal
Rate
Annual Payment
Installment
Number Principal
8,162.50
8%
1,214.96
8% Annual Debt
Interest SerVice
1 562.76
2 607.78
3 656.40
4 708.92
8 765.63
6 826.68
7 893.03
8 964.47
9 1,041.63
10 1,125.00
652.20 1,214.96
607.18 1,214.96
968.66 1,214.96
606.04 1,214.96
366.09 1,214.96
321.93 1,214.96
250.49 1,214.96
173.33 1,214.96
89.96 1,214.96
8,152.50 3,997.10 12,149.60
Amortization Table
For Payment of $4,347.50
Principal
Rate
Annual Payment
Installment 8%
_ Number Principal Interest
4,347.50
8%
647.91
Annual Debt
Service
i 300.11 347.80 647.91
2 324.12 323.79 647.91
3 350.05 297.86 647.91
4 378.08 269.86 647.91
5 408.30 239.61 647.91
6 440.96 206.95 647.91
? 476.24 171.67 647.91
8 514.34 135.67 647.91
9 886.48 92.43 647.51
10 599.86 46.09 647.91
4,347.50 2,131.60 6,479.10
[lTV OF DELR;IV BE;ICH
CITY ATTORNEY'S OFFICE
DELRAY BEACH
1993
DATE:
TO:
FROM:
200 NW 1st AVENUE · DELRAY BEACH, FLORIDA 33444
TELEPHONE 561/243-7090 · FACSIMILE 561/278-4755
Writer's Direct Line: 561/243-7091
July 12, 1999
City Commission
Brian Shutt, Assistant City Attorney
SUBJECT:
Pineapple Grove Entrance Special Assessment District
Resolution Adopting the Preliminary Assessment Roll
The attached resolution, if adopted, will authorize the establishment of the Pineapple
Grove Special Assessment District ("District"). The District is being established in order
to provide that certain property owners shall contribute to the beautification of the
entrance to N.E. 2nd Avenue. Only those property owners abutting N.E. 2nd Avenue
shall be specially assessed.
The total cost of the project is estimated at $154,000.00, of which the City, CRA and
Pineapple Grove Mainstreet shall pay for the majority of the cost. The property owners
shall contribute $25,000.00 for this project.
At the conclusion of the construction, the City Commission will consider a resolution
adopting the construction as complete and confirming the final assessment. The property
owners will then have 60 days to pay the assessment in one lump sum. The property
owners may also pay the assessment in ten annual installments at an interest rate of 8 %.
The City's finance department will administer the collection of the assessments.
Please call if you have any questions.
Attachments
CCi
David T. Harden, City Manager
Alison MacGregor Harty, City Clerk
Randal Krejcarek, City Engineer