Laserfiche WebLink
Revenue Manual <br />Land Acquisition Bonds <br />Environmentally Sensitive Land Acquisition <br />Bonds -Series 2006 <br />Fund 245 <br />REVENUE In November 2004, Indian River County voters approved a referendum to issue <br />DESCRIPTION: general obligation bonds in the principal amount not to exceed $50,000,000 to <br />acquire Environmentally Sensitive Land. <br />LEGAL AUTHORIZATION Florida Statute 200.065 & 125.013. <br />FOR COLLECTION: County Resolution adopted annually for current millage rate. <br />Voter Referendum approved November 2004 <br />SPECIAL <br />REQUIREMENTS: Two public hearings with appropriate public notice. <br />Not to exceed % mil and not for more than 15 years <br />SOURCE: All Indian River County property owners. <br />AUTHORIZED USE: Acquisition by the County of lands to protect water resources and/or <br />drinking water sources, environmentally significant lands, historic sites, and/or <br />agriculture land. <br />METHOD OF PAYMENT: Property owner pays tax bill to Tax Collector's Office who then remits payment to the <br />County. <br />FREQUENCY OF <br />Annual property taxes are due by March 315`, however a maximum 4% discount is <br />COLLECTION: <br />given if paid by <br />November 30th. The discount decreases by 1% for each month paid <br />thereafter. <br />APPROXIMATE <br />ANNUAL REVENUE: <br />$4,700,000 <br />Historical Revenues <br />$6,000,000 <br />i <br />$5,000,000 <br />$4,815,153 <br />$4,653,588 <br />$4,652,136 $4,656,488 $4,722,412 <br />$4,000,000 <br />b — <br />�s SMF <br />�s x <br />$3,000,000 <br />— <br />$2,000,000 <br />o 2009/10 a 2010/11 2011/12 ■ 2012/13 ■ 2013/14 <br />30 <br />zry 3y <br />