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Comprehensive Plan Capital Improvements Element
<br />for 10, 20, and 30 years. As table 6.14 indicates, the County's available bonding capacity for a 10 year
<br />issue is $315,700,000 while its bonding capacity for a 30 year issue is $793,300,000.
<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 />2.55%)
<br />Twenty Years
<br />(Bond Interest Rate
<br />3.10%3.2%
<br />Thirty Years
<br />(Bond Interest Rate @
<br />Half Cent Sales Tax
<br />$127,500,000
<br />$235,200,000
<br />$330,400,000
<br />Gas Taxes
<br />$54,900,000
<br />$92,700,000
<br />$120,100,000
<br />Tourist Tax
<br />$34,300,000
<br />$63,200,000
<br />$88,800,000
<br />County Revenue Program
<br />First Guaranteed Entitlement
<br />$1,800,000
<br />$3,000,000
<br />$3,900,000
<br />County Revenue Program
<br />Second Guaranteed
<br />Entitlement
<br />$3,700,000
<br />$6,300,000
<br />1 $8,100,000
<br />Sub -Total
<br />$222,200,000
<br />$400,000,000
<br />$551,300,000
<br />Possible Pledge Sources
<br />Franchise Fees
<br />$48,400,000
<br />$89,200,000
<br />$125,300,000
<br />Road Impact Fees
<br />$45,100,000
<br />$83,100,000
<br />$116,700,000
<br />Sub -Total
<br />$93,500,000
<br />$172,300,000
<br />$242,000,000
<br />TOTAL
<br />$315,700,000
<br />$572,700,000
<br />$793,300,000
<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 debt is for
<br />spring training facility revenue bonds.
<br />Community Development Department
<br />Adopted December 2022, Ordinance 2022 -
<br />Indian River County
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<br />256
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