6/4/1986 - Laserfiche WebLink

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Fr__ JUN 4 1966 BOOK 64 F,�Gc6'?'9 Detention Facility The County has signed a contract and construction has begun on a 156 -bed detention facility on 20 acres of land located on 43rd Avenue and South Gifford Road. The estimated cost of the completed facility is $4,400,000. The voters of Indian River County on November 6, 1984, approved, effective January 1, 1985,. through December 31, 1985, a special one -cent additional sales tax. for construction of the detention facility. The special sales tax revenue will be $3,200,000, leaving a requirement for $1,200,000 to complete the project. In addition, a 125 -man mini- mum security work release facility is planned for early 1986 to be built adjoining the maximum security building. The cost of this structure is estimated to be $1,300,000. Sheriff's Office and Communication Center The County has contracted with an architectural firm to ` design an office -administration center of 30,000 square feet for the Sheriff's Department. The facility will be located on the 20 -acre site of the detention facility. Also on this site will be a 3,000 square foot communication center for the 911 and County Communications. The proposed cost of these projects is $1,500,000. DESCRIPTION OF THE BONDS The Bonds will be dated November 1, 1985, and will bear interest at the rates per annum as set forth on the cover page hereof, payable on March 1, 1986 (four (4) months) and semi- annually on each September 1 and March 1 and will mature on September 1 in the years and principal amounts as set forth on the cover page hereof. Chairman Scurlock wished to know if until yesterday we were not under the impression there would be a shortfall in the Sales Tax monies and that is in the bond projection. It was confirmed by OMB Director Baird, and Director Thomas that the Sales Tax was in the bond projection at 3.2 million, and luckily we came out with an additional amount of money we didn't know we had. Commissioner Bird commented that if we estimated 4.4 million for the jail, it appears we are going to end up spending 5 million, or $600,000 more, but that was something this Commission approved. As the jail grew, the expenses of the jail grew from the time we made the original estimate, and that is something we all have got to live with. The chairman pointed that is not where the problem is, it is Phase II of the jail and the Sheriff's complex. Director Baird informed the Board that the bond prospectus shows the minimum security facility estimated at $1,300,000 total 35