|
Comprehensive Plan Capital Improvements Element
<br />Tab% 6.14: Indian loverConn Es to Raise Bonds Wit6ont
<br />Ten Yew Twenty, "Years
<br />Pledge Sources (Bond Intemat' fate @ (Bond Interest Rate
<br />1.40°/.
<br />A Public Vote
<br />Thirty Years
<br />(Bond interest Rate @
<br />/
<br />Half Cent Sales Tax
<br />$90,500,000
<br />$166,500,000
<br />$226,300,000
<br />Gas Taxes
<br />$60,200,000
<br />$108,000,000
<br />$126,500,000
<br />Tourist Tax
<br />$19,600,000
<br />$35,200,000
<br />$47,200,000
<br />County Revenue Program
<br />First Guaranteed Entitlement
<br />$1,900,000
<br />$3,400,000
<br />$4,600,000
<br />County Revenue Program
<br />Second Guaranteed
<br />Entitlement
<br />$3,900,000
<br />$7,100,000
<br />$9,500,000
<br />Sub -Total
<br />$17621002000
<br />$320 200,000
<br />$414,100,000
<br />Possible Pledge Sources
<br />Franchise Fees
<br />$42,200,000
<br />$75,700,000
<br />$101,600,000
<br />Road Impact Fees
<br />$20,900,000
<br />$36,700,000
<br />$48,900,000
<br />Sub -Total
<br />$63,100,000
<br />$112,400,000
<br />$150,500,000
<br />TOTAL
<br />$239,200,000
<br />$432,600,000
<br />$564,600,000
<br />*Rates are comparable term AAA rated municipal bond yields as of 9/25/2019.
<br />Source: Indian River County Office of Management and Budget.
<br />Debt Service Obligations
<br />In table 6.15, the County's debt service obligations for current and anticipated bond issues are
<br />summarized. Debt service is payment of principal and interest on obligations resulting from the
<br />issuance of bonds. As table 6.15 indicates, the County's major anticipated outstanding debts are for
<br />water and sewer revenue bonds, environmentally sensitive land acquisition bonds, and spring training
<br />facility revenue bonds.
<br />Community Development Department Indian River County
<br />Adopted December 3, 2019, Ordinance 2019-020 36
<br />
|