Indian River County |
Code of Ordinances |
Title II. TAXES, UTILITIES AND SPECIAL DISTRICTS |
Chapter 200. MUNICIPAL SERVICE TAXING OR BENEFIT UNIT |
Part I. STREETLIGHTING |
§ 200.01. Purpose.
1.
Municipal service benefit units ("MSBU" or "unit") are created under this chapter for the purpose of providing streetlighting at reasonable, efficient, and proper locations, within the boundaries of the unit, to be funded from the MSBU only for costs which may include engineering, construction, maintenance, easement acquisition, and any necessary supporting service or function related thereto, as may be determined by the board of county commissioners, and for the provision of such further services as may be lawfully authorized and determined by the board from time to time.
2.
The MSBU may fund all or any of the aforementioned services or improvements through current year funding, or tax anticipation or multi-year notes or bonds, provided that any debt instrument or obligation made must be repayable solely pursuant to the authority and means provided by this chapter.
(Ord. No. 91-20, § 1, 5-7-91)