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Long Term Financial Planning and Major Initiatives Chapter 163 Florida Statutes and Florida Administrative Code Rule 9J-5 requires each local government to have a Comprehensive Land Use Plan. An important part of this plan is the Capital Improvements Program (CIP) which evaluates the need for public facilities in support of the Future Land Use Element, to estimate the costs of improvements for which local government has fiscal responsibility, to analyze the fiscal capacity of the local government to finance and construct improvements, and to adopt financial policies to guide the funding and construction of the improvements. The CIP is updated annually and encompasses a period of five years. Listed below are five major capital projects included in the current CIP along with the source of funding and capital costs: ➢ Fire/EMS Station 13 — Construction of an additional station is planned to serve the expanding south county population. The Emergency Services District reserves will provide $426,000 with the remaining $1.7 million being funded by impact fees. The operating expense will be approximately $2.1 million beginning in fiscal year 2014. ➢ South County Park — Phase III Improvements - The expansion of this park is necessary to provide recreation facilities and programs to the growing population in the southern part of the County. A multi-purpose intergenerational facility will be constructed at a cost of $5.5 million with impact fees and one cent sales tax providing the funding. Ad valorem tax proceeds and user fees as well as partnering agency contributions will fund increased operating costs which are estimated to be about $118,000 per year. • 66th Avenue Widening — This roadway is scheduled for widening from State Road 60 in Vero Beach to 49th Street. Currently, this is one of the few main arterials connecting the north and south county areas and traffic has increased substantially on this road. Estimated construction costs are over $19.8 million. Funding will be from traffic impact fees, gas taxes and grants. In the future, the County plans to expand 66th Avenue from 49th Street to the Sebastian City limits. ➢ Oslo Road from 43"11 Avenue to 58th Avenue — This phase of Oslo Road widening will increase the road from two to four lanes at a cost of approximately $5.5 million. Funding will be from traffic impact fees and gas taxes. ➢ Crime Scene Unit Building — This is a renovation and expansion of an existing structure next to the Sheriff's Office for additional evidence storage. Funding in the amount of $2.4 million will be provided by both optional sales tax and impact fees. Effective October 2008, the Board of County Commissioners decided that Indian River County shall become a "green" county under the auspices of the Florida Green Building Coalition, Inc. with a goal of becoming a sustainable community and county. Since there is an important public interest in promoting the construction of energy-efficient and sustainable buildings, it is the County's policy to promote these standards and demonstrate commitment to energy conservation, saving taxpayer money and raising public awareness of environmental concerns. Indian River County has been certified as a "Gold" Status Florida Green County since 2009. The Indian River County Transit Facility, whose construction was completed in 2012, has been certified as the County's first "green" building. The facility was designed and constructed in compliance with the Florida Green Building Coalition Standards for commercial buildings. Some operational standards include controls that enhance indoor air quality and insure proper ventilation for employees, design specifications for energy reduction of 25% below normal, recycling of at least 75% of the construction waste, drought tolerant landscape materials, and furnishings made with 25% recycled content. iv