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ORDINANCE NO. 2024- 011 <br />(3) To fund convention bureaus, tourist bureau, tourist information <br />centers and news bureaus as county agencies or by contract with <br />the chambers of commerce or similar associations in the county; <br />(4) To finance beach improvement, maintenance, renourishment <br />restoration and erosion control, including shoreline protection, <br />enhancement, cleanup, restoration of inland lakes and rivers to <br />which there is public access; <br />(5) Until such time as Indian River County reaches a population of <br />five hundred thousand (500,000) based on the most recent <br />population estimated prepared pursuant to the provisions of F.S. § <br />186.901, as in effect on July 1st of each year, tax revenues <br />received pursuant to this article may also be used to acquire, <br />construct, extend, enlarge, remodel, repair, improve, maintain, <br />operate or promote one or more museums, zoological parks, <br />fishing piers or nature centers which are publicly owned and <br />operated or owned by not-for-profit organizations are open to the <br />public. <br />(6) Pay the debt service on bonds issued to finance the construction, <br />reconstruction, or renovation of a professional sports franchise <br />facility, or the acquisition, construction, reconstruction, or <br />renovation of a retained spring training franchise facility, either <br />publicly owned and operated, or publicly owned and operated by <br />the owner of a professional sports franchise or other lessee with <br />sufficient expertise or financial capability to operate such facility, <br />and to pay the planning and design costs incurred prior to the <br />issuance of such bonds. <br />(b) A minimum of fifty (50) percent of the revenues to be derived from the <br />tourist development tax levied pursuant to sections 210.01(b) and (c) of <br />this chapter shall be used pledged to seGUFe and liquidate reveRue <br />bGRds issued by the GGU41ty for the purposes set forth in section (a)(4) of <br />this section. ' tThe remaining revenue <br />derived from the tourist development tax levied pursuant to sections <br />210.01(b) and (c) of this chapter may be used pledged to rseGUre and <br />liquidate FeveRue bends *666ied by the GGURty for the purposes set forth <br />in section (a)(1)_, (2), and (3 <br />21 <br />