1989-042 - Laserfiche WebLink

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Impact Fees as security for the Series 1989 Bonds. Impact Fees for the last five fiscal years ending September 30 are as follows: Fiscal Impact Fees Year (000's) 1984 $ 178 1985 1,867 1986 1,092 1987 1,739 1988 2,852 1989 (Projected) 1,400 �* The following information has been provided by the County and is included only for the purpose of general background information. The Bonds are not general obligations of the County and are payable only from the specific sources described in this Official Statement, See "DESCRIPTION OF THE BONDS" and "SECURITY AND SOURCES OF PAYMENT". Description Indian River County (the "County") was established in 1925 by an Act of the Legislature separating it from St Lucie County. The County encompasses approximately 497 square miles and is located in the middle of Florida on the eastern coast, approximately 135 miles north of Miami, 190 miles south of Jacksonville, and 135 miles east of St, Petersburg. The County is bounded on the north by Brevard County, on the south by St, Lucie County, on the west by Osceola and Okeechobee Counties and on the east by the Atlantic Ocean. The City of Vero Beach is the seat of County government and the largest city in the County. Other incorporated cities located within the County are Fellsmere, Indian River Shores, Orchid and Sebastian. There are approximately 100 miles of waterfront land in the County, including about 23 miles of Atlantic beaches. Government Indian River County has a five -member Board of County Commissioners (the "Commission"). Each member represents one of five districts, elected at large (County -wide) for staggered terms of four years. The Chairman and Vice -Chairman are elected by the Commission. A County Administrator is appointed by the Board and is responsible for administrative and fiscal control of the resources 21