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1991-151
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Last modified
5/15/2017 3:01:02 PM
Creation date
5/15/2017 2:41:21 PM
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Resolutions
Resolution Number
1991-151
Approved Date
09/24/1991
Resolution Type
Utilities
Entity Name
Water and Sewer Revenue Bonds Series 1991
Subject
Bond Purchase Agreement
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Transportation <br />Rail transportation in the County is handled by Florida East Coast Railway, while numerous freight truck <br />lines are available to serve the County. Highways providing surface travel are Interstate 95, U.S. 1 and State <br />Road A1A for north -south travel and State Road 60 for travel to the west, while the Florida Turnpike crosses <br />south and northwest through the southwest corner of the County. The area is served by Greyhound Bus Lines for <br />passenger and package service. <br />Vero Beach Municipal Airport provides scheduled commuter airline service and is capable of handling <br />most commercial aircraft, while one other airport in the County serves charter and private aircraft. Scheduled <br />airline service is available to County residents through the Melbourne Regional Airport (about a fifty minute <br />drive), Orlando International Airport and Palm Beach International Airport (each about an hour and a half drive). <br />Hath Care <br />The Indian River Hospital District, encompassing all but six square miles of the County, has a 347 -bed <br />facility in Vero Beach. The Humana Hospital Sebastian, a private for-profit acute care facility, is located in the <br />northern part of the County on U.S. 1. There are presently over 200 physicians serving the hospitals and area <br />residents. The Sunshine Rehabilitation Center offers physical and speech therapy to handicapped children and <br />adults. <br />Education <br />The education system is administered on a County -wide basis by the School Board of Indian River <br />County. The five -member Board, elected for staggered four-year terms each, appoints a Superintendent of <br />Schools. The County has twelve elementary schools, one middle junior high, two middle schools, one junior high <br />and one senior high. There is one Special Education School for all grades. Enrollment for the 1989-90 school <br />year was 11,516 students. There are 945 administrative and teaching personnel and 419 non -instructional <br />personnel. In addition to the public school system, there are several parochial and private schools. <br />Indian River Community College, with its main campus located in Ft. Pierce, about 15 miles from Vero <br />Beach, has branch campuses in Vero Beach and in Okeechobee and Martin Counties. The state -supported <br />community college offers a general college program for the first two years and a wide variety of technical and <br />vocational instruction. The Mueller Center in Vero Beach has a 40 -acre campus, ten classrooms and office <br />facilities. <br />Communications and Electric Utilities <br />One daily newspaper is published in the County. There are five local radio stations. Telephone service <br />is supplied by Southern Bell. Vero Beach Electric System and Florida Power & Light Company supply <br />electricity. <br />LOCAL AND STATE TAXES <br />Florida has no individual state income tax. Inheritance tax is confined to the amount allowed as a credit <br />to the State from the tax levied by the United States government. The 6% regular sales tax plus the 196 local <br />option sales tax applies to all items except groceries and medicines. <br />Under the Florida Homestead Exemption law, no municipal or county taxes are levied against the first <br />$25,000 for valuation of a home occupied by its owners except for special assessments. It is a state law that all <br />tax appraisals must be at 100% of value. <br />MI10.2 <br />A-8 <br />
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