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Comprehensive Plan Capital Intprovements Element 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, and the Environmental Lands Acquisition 2015 Series were paid off during fiscal year2019/20. This has substantially decreased the County's total bond debt. Table 6.6: Indian River County Existing Long Term Debt Initial :mount Amount Remaining x,,09/30/2020 Average Interest Rate Final Maturity Bond Rating Security Pledge Water & Sewer Revenue Bonds: 2015 Series $7,171,000 $2,132,000 1.65% 1 2022 N/A Water &Sewer Revenues Recreation Revenue Bonds 2001 Series Spring Training Facility $16,810,000 $3,865,000 4.87% 2031 AAA/FGIC State Funds & Tourist Tax Total Bonds Outstanding $5,997,000 Source: Indian River County Budget 2020/21. 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. Existing 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: Correctional Facilities (Countywide) Community Development Department Indian River County Adopted December 1" 2020, Ordinance 2020-018 22