Laserfiche WebLink
i <br />4D <br />• <br />M <br />Question 11. ` i g arrroual r) local match ivith priorily given to the larjest 1)ercentave of local <br />thatch P=- used <br />As discussed in response to Question 3 above, the County, along with the City of Vera Beach, <br />has committed to provide net funds in the amount of $12,500,000, which amount is in excess of 65% <br />of the $19,000,000 of net capital funds necessary to fund the purchase of Dodgertown lands and <br />facilities, and the costs of the facility improvements and renovations. <br />The State orFlosida is being requested to provide the Cull monthly funding of $41,667,67 per <br />month for 30 years, or approximately one-third of the necessary capital fiords for purchase of lands <br />and facilities and the costs of the facility renovations and improvements. Indian River County is <br />requesting the monthly allotment of $41,667 per month ($500,000 per year) For 30 years to assist <br />with long term Bond repayment, including principal and interest. <br />