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Comprehensive Plan Capital Improvements Element <br />Table 6.6: Indian River County Existing Long Term Debt <br />Amount <br />Average <br />Initial <br />Remaining <br />Interest <br />Final <br />Bond Rating <br />Amount <br />09un J30/04 <br />Rate <br />Maturity <br />Security Pledge <br />Water & Sewer Revenue Bonds: <br />1993 A Series <br />$47,190,000 <br />$37,515,000 <br />5.76% <br />2024 <br />AAA/FDIC <br />Water & Sewer <br />(Insured) <br />Revenues <br />1996 Series <br />$38,900,000 <br />$33,390,000 <br />5:75% <br />2026 <br />AAA/FDIC <br />Water & Sewer <br />(Insured) <br />Revenues <br />Recreation Revenue Bonds <br />Golf Course Net <br />2003 Series <br />Income, Race Track <br />Refunding <br />$6,455,000 <br />$6,045,000 <br />3.65% <br />2016 <br />AAA/AMAC <br />Revenues and <br />Recreational <br />(Insured) <br />Subordinate Lien on <br />Revenue <br />One Half Cent Sales <br />Tax <br />Spring TrainingState <br />AA/F <br />AGIC <br />payments, <br />fourth cent tourist <br />Facility Revenue <br />$16,810,000 <br />$15,515,000 <br />4.870% <br />2031 <br />(Insured) <br />development tax, and <br />Bonds <br />half -cent sales tax <br />Voted G.O. Bonds <br />Environmental <br />Lands <br />$7,800 000 <br />$6,765,000 <br />2.050% <br />2010 <br />/`SMAC <br />�(Insured) <br />General Obligation <br />Acquisition 2003 <br />Series <br />Environmental <br />$11,000,000 <br />$9,315,000 <br />3.890% <br />2016 <br />AAA/FSA <br />General Obligation <br />Lands <br />Total Bonds <br />$108,545,000 <br />Outstanding <br />Source: Indian River County Budget 2004/05. <br />Local Policies and Practices <br />As part of the capital improvements planning process, it is important to do an inventory of current <br />Indian River County policies and practices that guide the timing, location, expansion, or increase in <br />capacity of capital facilities. These policies and practices relate to the county's existing level -of - <br />service standards, impact fee programs, the existing comprehensive plan, and enterprise fund <br />accounts. <br />Community Development Department Indian River County <br />23 <br />