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Comprehensive Plan
<br />• Debt Service Obligations
<br />Capital Improvements Element
<br />The county's debt service obligations for current and anticipated bond issues are summarized in table
<br />6.15. Debt service is payment of principal and interest on obligations resulting from the issuance of
<br />bonds. As table 6.15 indicates, the county's major anticipated outstanding debts are for water and
<br />sewer revenue bonds, environmentally sensitive land acquisition bonds, recreational revenue bonds,
<br />and spring training facility revenue bonds.
<br />FY
<br />Ending
<br />2005
<br />2006
<br />2007
<br />2008
<br />Balance
<br />Interest
<br />Principal
<br />Total
<br />Balance
<br />Interest
<br />Principal
<br />Total
<br />Balance
<br />Interest
<br />Principal
<br />Total
<br />Balance
<br />Interest
<br />Principal
<br />Total
<br />Table 6.15: Indian River County Bond Schedule
<br />Water &
<br />Sewer
<br />Revenue
<br />Refunding
<br />Bonds
<br />1993 A Series
<br />5.755%
<br />$47,190,000
<br />$37,515,000
<br />$2,030,180
<br />$1,110,000
<br />$3,140,180
<br />$36,405,000
<br />$1,972,460
<br />$1,170,000
<br />$3,142,460
<br />$35,235,000
<br />$1,910,450
<br />$1,230,000
<br />$3,140,450
<br />$34,005,000
<br />$1,830,500
<br />$1,310,000
<br />$3,140,500
<br />Recreational
<br />Revenue
<br />Refunding
<br />Bonds
<br />2003 Series
<br />3.65%
<br />$6,455,000
<br />$6,045,000
<br />$189,057
<br />$450,000
<br />$639,057
<br />$5,595,000
<br />$180,058
<br />$460,000
<br />$640,058
<br />$5,135,000
<br />$170,857
<br />$475,000
<br />$645,857
<br />$4,660,000
<br />$160,764
<br />$485,000
<br />$645,764
<br />Community Development Department
<br />Supplement #_; Ordinance 2005 -
<br />Environmentally
<br />Sensitive Land
<br />Acquisition
<br />2001 Series 3 89%
<br />$11 000,000
<br />$9,315,000
<br />$350,817
<br />$630,000
<br />$980,817
<br />$8,685,000
<br />$331,918
<br />$650,000
<br />$981,918
<br />$8,035,000
<br />$312,417
<br />$670,000
<br />$982,417
<br />$7,365,000
<br />$290,643
<br />$690,000
<br />$980,643
<br />Environmentally
<br />Sensitive Land
<br />Acquisition
<br />2003 Sefes 2.05%
<br />$7,800,000
<br />$6,765,000
<br />$165,737
<br />$1,065,000
<br />$1,230,737
<br />$5,700,000
<br />$146,238
<br />$1,080,000
<br />$1,226,238
<br />$4,620,000
<br />$124,637
<br />$1,105,000
<br />$1,229,637
<br />$3,515,000
<br />$99,775
<br />$1,135,000
<br />$1,234,775
<br />Water &
<br />Sewer
<br />Revenue
<br />Bonds
<br />1996 Series
<br />5.752%
<br />$38,900,000
<br />$33,390,000
<br />$1,813,634
<br />$835,000
<br />$2,648,634
<br />$32,555,000
<br />$1,772,719
<br />$875,000
<br />$2,647,719
<br />$31,680,000
<br />$1,728,969
<br />$920,000
<br />$2,648,969
<br />$30,760,000
<br />$1,682,969
<br />$965,000
<br />$2,647,969
<br />Spring Training
<br />Facility Revenue
<br />Bonds
<br />2001 Series
<br />4.87%
<br />$16,810,000
<br />$15,515,000
<br />$737,403
<br />$490,000
<br />$1,227,403
<br />$15,025,000
<br />$721,233
<br />$505,000
<br />$1,226,233
<br />$14,520,000
<br />$704,063
<br />$520,000
<br />$1,224,063
<br />$14,000,000
<br />$685,343
<br />$545,000
<br />$1,230,343
<br />Indian River County
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