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Comprehensive Plan Capital Improvements Element
<br />Table 6.14: Indian River Count y Estimated Ability to Raise Bonds Without A Public Vote
<br />Pledge Sources
<br />Ten Years
<br />(Bond Interest Rate @
<br />1.40%)
<br />Twenty Years
<br />(Bond Interest Rate
<br />A 1.80%)
<br />Thirty Years
<br />(Bond Interest Ratett,
<br />2.00/0)
<br />Half Cent Sales Tax
<br />$80,000,000
<br />$149,000,000
<br />$205,300,000
<br />Gas Taxes
<br />$55,600,000
<br />$100,900,000
<br />$137,800,000
<br />Tourist Tax
<br />$18,000,000
<br />$32,800,000
<br />$44,800,000
<br />County Revenue Program
<br />First Guaranteed Entitlement
<br />$2,000,000
<br />$3,600,000
<br />$4,900,000
<br />County Revenue Program
<br />Second Guaranteed
<br />Entitlement
<br />$4,100,000
<br />$7,400,000
<br />$10,100,000
<br />Sub -Total
<br />$159,700,000
<br />$293,700,000
<br />$402,900,000
<br />Possible Pledge Sources
<br />Franchise Fees
<br />$43,200,000
<br />$78,500,000
<br />$107,200,000
<br />Road Impact Fees
<br />$30;500,000
<br />$55;500,000
<br />$75,700,000
<br />Sub -Total
<br />$73,700,000
<br />$134,000,000
<br />$182,900,000
<br />TOTAL
<br />$233,400,000
<br />$427,700,000
<br />$585,800,000
<br />*Rates are comparable term AAA rated municipal bond yields as of 9/25/2020.
<br />Source: Indian River County Office of Management and Budget.
<br />• DebtService 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, and spring training facility revenue bonds.
<br />Table 6.15 Indian River CountyBond Schedule
<br />FY Ending
<br />Water & Sewer Revenue
<br />Refunding Bonds
<br />Spring Training Facility
<br />Revenue Bonds
<br />2015 Series 1.65%
<br />$7,170,000
<br />2001 Series 4.87%
<br />$16,810,000
<br />2020
<br />Interest
<br />$52,371
<br />$209,238
<br />Principal
<br />$1,042,000
<br />$290,000
<br />Community Development Department
<br />Adopted December 1" 2020, Ordinance 2020-018
<br />Indian River County
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