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Indian River County, Florida <br />Notes To Financial Statements <br />Year Ended September 30, 2020 <br />NOTE 19 - COMMITMENTS AND CONTINGENCIES - Continued <br />A. Litigation - Continued <br />Various other suits and claims are currently pending against the County. It is impossible for <br />the County to accurately quantify the exposure involved given the jury's latitude in <br />assessing compensatory and punitive damages, and the court's latitude in awarding <br />attorney's fees. The County intends to vigorously defend against these lawsuits and <br />believes it has a good chance of prevailing on their merits. The County is contingently <br />liable with respect to lawsuits and other claims incidental to the ordinary course of its <br />operations. In the opinion of management and based on the advice of legal counsel, the <br />ultimate disposition of lawsuits will not have a material adverse effect on the financial <br />position of the County. <br />B. Contracts and Other Commitments <br />The County has various contracts and commitments outstanding at September 30, 2020. In <br />the General Fund, contracts are for janitorial services, beach park landscape and custodial <br />maintenance, legislative consulting services and external auditing services. In the Special <br />Revenue Funds, contracts are for the Courthouse renovations, Indian River Blvd. and 8th <br />Street signalization and intersection improvements, beach profile surveys and monitoring, <br />serveral conservation area improvements as well as a variety of other road paving and <br />drainage projects. In the Capital Projects Fund, contracts are for intersection <br />improvements at State Road 60 and 43rd Avenue, 58th Avenue full depth reclamation <br />project, 43rd Avenue improvements from 18th Street to 26th Street, P25 radio system <br />migration project, and several sidewalk and road improvement projects throughout the <br />County. In the Enterprise Funds, contracts are for the golf course maintenance, aquifer <br />wells rehabilitation project, Countywide meter replacement program, Roseland elevated <br />storage tank conversion, pump station and water transmission mainstem, and various other <br />water and sewer projects. In the Internal Service Funds, contracts are for benefit <br />administration services and GIS aerial imagery. <br />111 <br />