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the cell we have now, and the Chairman explained that the limitation on height is determined by the slope on the side. If we had started with a larger base, we could have gone higher. In conclusion, Mr. Diamond went over the following summary _ of Estimated Available Bonding Capacity: Summary Estimated Available- Bonding Capacity (1) -(Assumed 20 year band, 795% (2)'average interest rate] Ad Valorem Taz: '$23,490,000 Local Option Sales Tax: • . ' 8;38slow Race Track: 1,315,000 Guaranteed Entitlement 4,145,000131 Franchise Fees: 7,880 000 Tourist Development Tax: ' 1,910,000 Gas Taxes: . 30,280,000 Local:Option Gas Tax'.. f0,030,000 Constitutional Gas Tax- 6,450,000 County -Gas-Tax. 3290,000. Transportation Impact Fees 10,510,000- - TOTAL.. $7.7,405,000 lt) For tax revenues only, does not include Water and Sewer System revenues,.. ' • Solid Waste Disposal System* revenues or Golf Course revenue `. (2) Based on current market conditions as of=September 2,1987: 131. Requires the redemption of "the Solid Waste, Disposal System Revenue Bonds, Series 1977 eNote: ":The use of any of the above tax. revenues for payment .of. debt service will impact upon the present use of lhese.monies in the General Fund of -the County. Mr. Diamond stressed that while these figures may look great, they are based on many variables and hypothetical situations, and the important thing to remember is that the use of any of these revenues for payment of debt service will impact the present use of these monies in the General Fund. Considerable discussion ensued regarding franchise fees, which the Chairman visualized as a tremendous source of future revenue. We have new systems springing up all over the county; he anticipated that we will have demands for service which we may not even be able to meet; and this is an additional potential source of revenue that is not ad valorem related. 12 n r� S E P 14 1987 BOOK 69 FAGS 436