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Comprehensive Plan Capital Improvements Element <br />bonds originally approved by voters in 1992. Also in 2001, the County issued $16,810,000 in Spring <br />Training Facility Bonds to finance the acquisition and expansion of the Dodgertown spring training <br />facility (now known as Historic Dodgertown). In 2003, two bonds were refinanced to take advantage <br />of lower interest rates: the 1993 Series Refunded Recreational Revenue Bonds and the 1995 Series <br />Environmental Lands Acquisition Bonds. Those bonds have since been paid off. <br />In 2004, Indian River County voters approved the issuance of up to an additional $50,000,000 in <br />Environmentally Sensitive Land Acquisition general obligation bonds. As a result, Indian River <br />County issued $48,600,000 in Environmentally Sensitive Land Acquisition general obligation bonds <br />in 2006. While the county refinanced its 1996 Series Water and Sewer Bonds in 2005 and the <br />majority of its 1993 Series A Water and Sewer Bonds in 2009, the County retained a portion of the <br />1993 Series A Water and Sewer Bonds with a maturity of 2011 because it was more cost efficient <br />than rolling the entire amount into the 2009 Water and Sewer Bonds. That portion of the water and <br />sewer bond has since been paid off. <br />More recently, in 2015 the 2005 Series Water and Sewer Revenue Bonds and the 2006 Series <br />Environmental Lands Acquisition Bonds were refinanced. Those bonds were refinanced to take <br />advantage of better interest rates. This has substantially decreased the County's total bond debt. <br />Table 6.6: Indian River <br />County Existing Long Term Debt <br />1era <br />Amount <br />, butt <br />Remaining . <br />(09 0/2015 <br />AvIn <br />Interest <br />Rate <br />Mat r " x <br />, Band R aitti7ngu <br />' � k <br />Water & Sewer Revenue Bonds: <br />2015 Series <br />$7,171,000 <br />$7,171,000 <br />1.65% <br />2022 <br />N/A <br />Water & Sewer Revenues <br />2009 Series <br />$26,370,000 <br />$19,525,000 <br />3.68% <br />2024 <br />AA+/AA <br />Water & Sewer Revenues <br />Recreation Revenue Bonds <br />2001 Series Springu <br />Training Facility <br />$16,810,000 <br />$7,230,000 <br />4.87 /0 <br />2031 <br />AAA/FGIC <br />(Insured) <br />State Funds & Tourist Tax <br />Voted G.O. Bonds <br />Environmental <br />Lands Acquisition <br />2006 Series <br />$20,369,000 <br />$20,049,000 <br />1.66% <br />2021 <br />N/A <br />General Obligation <br />Total Bonds <br />Outstanding <br />$53,975,000 <br />Source: Indian River County Budget 2015/16. <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 />Community Development Department <br />Adopted ec - 1 , 2015, Ordinance 2015- 017 <br />Indian River County <br />23 <br />