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Comprehensive Plan Capital Improvements Element majority of its 1993 Series A Water and Sewer Bonds in 2009, the County retained a portion of the 1993 Series A Water and Sewer Bonds with a maturity of 2011 because it was more cost efficient than rolling the entire amount into the 2009 Water and Sewer Bonds. That portion of the water and sewer bond has since been paid off. More recently, in 2015 the 2005 Series Water and Sewer Revenue Bonds and the 2006 Series Environmental Lands Acquisition Bonds were refinanced. Those bonds were refinanced to take advantage of better interest rates. In addition, the debt issuance for the 2009 series Water and Sewer Bonds were paid off and the Spring Training Facility bonds were partially paid off during fiscal year 2018/19. This has substantially decreased the County's total bond debt. Table 6.6: Indian River County Palating Lang Term Debt ".. Initial Amount Amont Rewiring (a184738i2018 Average I Interest Rate Pbw Maturityl Bond Rating smartly Pledge I Water & Sewer Revenue Bonds: 2015 Series $7,171,000 $3,174,000 L65% 2022 N/A Water & Sewer Revenues Recreation Revenue Bonds 2001 Series Spring Training Facility $16,810,000 54,155,000 1 4.87% 2031 AAA/FGIC State Funds & Tourist Tax Voted G.O. Bonds Environmental Lands Acquisition 2015 Series $20,369,000 $7,268,000 1.66% 2021 N/A General Obligation Total Bonds Outstanding $14,597,000 Source: Indian River County Budget 2019/20. Local Policies and Practices As part of the capital improvements planning process, it is important to do an inventory of current Indian River County policies and practices that guide the timing, location, expansion, or increase in capacity of capital facilities. Those policies and practices relate to the county's existing level -of - service standards, impact fee programs, comprehensive plan, and enterprise fund accounts. Existine Level -of -Service Standards Level -of -service (LOS) standards are indicators of the extent or degree of service provided by, or proposed to be provided by, a facility based on and related to the operational characteristics of the facility. Level -of -service standards indicate the capacity per unit of demand of each public facility. Level -of -service standards can affect the timing and location of development by guiding development to areas where facilities may have excess capacity. Indian River County has level -of -service standards for capital facilities as follows: Community Development Department Indian River County Adopted December 3, 2019, Ordinance 2019-020 23