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Table 6.14 identifies the amount of revenue that the County can raise by issuing revenue bonds.
<br />Those bonds can be issued without a public vote. That table identifies the County's bonding capacity
<br />for 10, 20, and 30 years. As table 6.14 indicates, the County's available bonding capacity for a 10
<br />year issue is $222,800,000, while its bonding capacity for a 30 year issue is $488,800,000.
<br />Table 6.14: Indian River ounty Estimated A'bili to Raise Bonds Without A Public Vote
<br />Ten Years
<br />Twenty Years
<br />Thirty Years
<br />Pledge Sources
<br />(Bond Interest Rate @
<br />(Bond Interest Rate
<br />(Bond Interest Rate @
<br />24"0 1.40%)
<br />1.80%)
<br />2.0%
<br />Half Cent Sales Tax
<br />$84,199;899
<br />1222-0-0-00
<br />$146,700;000
<br />$166,500,000
<br />$1-909,-000
<br />$226,300,000
<br />Gas Taxes
<br />$36;980;009
<br />16Q-200 000
<br />$97,400,000
<br />$108 000 000
<br />$113,000,0
<br />$126,500,000
<br />Tourist Tax
<br />$18,200,000
<br />19 600 000
<br />$-31,300,000
<br />35 200 00047
<br />$48,909,000
<br />200 000
<br />County Revenue Program
<br />$3,190,080
<br />$4,000,090
<br />First Guaranteed Entitlement
<br />$1,8gg_ggQ-1 900 000
<br />$3400,000
<br />$4 600 000
<br />County Revenue Program
<br />Second Guaranteed
<br />S3,7A8,A00
<br />$6;400;999
<br />$8300,000
<br />Entitlement
<br />$3,900,000
<br />$7,100,000
<br />9 500 000
<br />Sub -Total
<br />$1b4,700,908
<br />$176,100,000
<br />$284,900,000
<br />1 $320 200 000
<br />$358;990;990
<br />$414,100.,000
<br />Possible Pledge Sources
<br />Franchise Fees
<br />$39;699,000
<br />$42,200 000
<br />$67,800,000
<br />$75,700,000
<br />$88300;009
<br />$101,600,000
<br />Road Impact Fees
<br />$1,83AA;A99
<br />20 900 000
<br />$31,700,000
<br />K620 -0-0001!i
<br />$41,40Q,000
<br />8 900 000
<br />Sub -Total
<br />$58,190,000
<br />$63,100,000
<br />$99,500,000
<br />$112,400,000
<br />$129;900;000
<br />$150,500,000
<br />TOTAL
<br />$232,800,M
<br />$239 200000
<br />$384,400,000
<br />$432,600,000
<br />$488,800,000
<br />$564,600,000
<br />*Rates are comparable term AAA rated municipal bond yields as of SPNP-B189/25/2019.
<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.
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