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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 />