9/14/1987 - Laserfiche WebLink

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S E P 14 1967 BOOK 69 -PACE 427 It, therefore, appears we have a bond issue where the issue was longer than the Fife of the facility it funded. Typically across the country landfills are constructed and end up closing prior to having enough revenue to support the closure, and the Chairman felt that highlights the need to include monies for closure through a surcharge of some kind when we go to the next cell. OMB Director Baird wished to point out that the first call date on those bonds is in 1988, and staff will be evaluating that and then will come back to the Board with a recommendation. Mr. Diamond then reviewed the percentage chart of existing debt and stated that he felt the County's outstanding debt picture is a fairly reasonable one. Mr. Diamond next referred to Section B which deals with immediate long term debt needs, noting that one issue was left off the top list - the Rockridge Sewer issue as they did not have the figures for it; it is an EPA grant type situation and a revenue type issue. The top list contains both revenue supported issues and tax supported issues, and the immediate long term debt needs are as follows: Indian River County flnunediate Long; Term Debt Needs P a rl►ose Gifford Sewer Expansion (FHA) Landfill Expansion North County Sewer Expansion West County Sewer & Water Expansion Indian River Boulevard North Petition Paving Jail, Phase III County Library Systcm South County Part: Facility TOTAL Approximate Amount $9,200,000 6,500,000 7,500,000 2,000,000 2,000,000 2,000,000 4500,000 50(X),000 3,100,000 3 Possible Pledge Gross Water and Sewer Revenues Net Revenues, Special Taxing District Revenues Special Assessments Special Assessments Gas Tax or Special Assessment Gas Tax or Special Assessment One -Half Cent Sales Tax Ad Valorem Tax Revenues Ad Valorem Tax Revenues 0