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Comprehensive Plan Capital Improvements Element <br />Table 6.14: Indian River County Estimated Ability to Raise Bonds Without A Public Vote <br />Pledge Sources Ten Years Twenty Years Thirty Years <br />(Bond Interest Rate @ (Bond Interest Rate (Bond Interest Rate @ <br />4.36%) A4.89%) 4.94% <br />Half Cent Sales Tax $4999003000 $829300,000 $1049700,000 <br />Gas Taxes $49,5005000 $78,2009000 $96,2009000 <br />Tourist Tax $990003000 $14,200,000 $175500,000 <br />First Guaranteed <br />Entitlement $1,600,000 $2,6005000 $3,200,000 <br />Second Guaranteed <br />Entitlement $3,4009000 $594009000 1 $65600,000 <br />Sub -Total $11394009000 $182,700,000 $22892009000 <br />Possible Pledge Sources <br />Franchise Fees $20,100,000 $31,800,000 $39,1009000 <br />Road Impact Fees $163300,000 $24,4009000 $29,500,000 <br />Sub -Total $3694009000 $5652009000 $68,6009000 <br />TOTAL $14998009000 $238,9009000 $29698009000 <br />.wu.w. MUlau iXwcl �vumy vuiuv vi 1vlanagument ana nuaget. <br />• Debt Service Obligations <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 />Community Development Department Indian River County <br />36 <br />