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Comprehensive Plan Capital Improvements Element
<br />Table 6.14: Indian River ounty Estimated Abili 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 />(& 1.K
<br />Thirty Years
<br />(Bond Interest Rate @
<br />2.0%
<br />Half Cent Sales Tax
<br />$107,100,000
<br />$200,600,000
<br />$276,800,000
<br />Gas Taxes
<br />$55,400,000
<br />$101,900,000
<br />$139,700,000
<br />Tourist Tax
<br />$22,900,000
<br />$42,100,000
<br />$57,800,000
<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 />$7,500,000
<br />$10,200,000
<br />Sub -Total
<br />$191,500,000
<br />$355,700,000
<br />$489,400,000
<br />Possible Pledge Sources
<br />Franchise Fees
<br />$42,800,000
<br />$78,700,000
<br />$107,900,000
<br />Road Impact Fees
<br />$41,100,000
<br />$75,500,000
<br />$103,600,000
<br />Sub -Total
<br />$83,900,000
<br />$154,200,000
<br />$211,500,000
<br />TOTAL âTâ$275,400,000
<br />$509,900,000
<br />$700,900,000
<br />*Rates are comparable term AAA rated municipal bond yields as of 9/22/2021.
<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, and spring training facility revenue bonds.
<br />Table 6.15 Indian River CountyBond Schedule
<br />Water & Sewer Revenue Spring Training Facility
<br />FY Ending Refunding Bonds Revenue Bonds
<br />Community Development Department
<br />Adopted December _ 2021, Ordinance 2021 -
<br />Indian River County
<br />36
<br />167
<br />
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