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ORDINANCE NO. 2000- 029 (1) To acquire, construct, extend, enlarge, remodel, repair, improve, maintain, operate or promote one or more publicly owned and operated convention center, sport stadium, sports arena, coliseum or auditorium within the boundaries of the county or subcounty special taxing district. However, these purposes may be implemented through services, contracts and leases with persons who maintain and operate adequate existing facilities; (2) To promote and advertise tourism in the State of Florida and nationally and internationally; (3) To fund convention bureaus, tourist bureau, tourist information centers and news bureaus as county agencies or by contract with the chambers of commerce or similar associations in the county; (4) To finance beach improvement, maintenance, renourishment restoration and erosion control, including shoreline protection, enhancement, cleanup, restoration of inland lakes and rivers to which there is public access; (5) Until such time as Indian River County reaches a population of five hundred thousand (500,000) based on the most recent population estimated prepared pursuant to the provisions of F.S. § 186.901, as in effect of July 1st of each year, tax revenues received pursuant to this article may also be used to acquire, construct, extend, enlarge, remodel, repair, improve, maintain, operate or promote one or more museums, zoological parks, fishing piers or nature centers which are publicly owned and operated or owned by not-for-profit organizations are open to the public. (66) Pay the debt service on bonds issued to finance the construction reconstruction or renovation of a professional sports franchise facility, or the acquisition construction, reconstruction or renovation of a retained spring training franchise facility, either publicly owned and operated. or publicly owned and operated by the owner of a professional sports franchise or other lessee with sufficient expertise or financial capability to operate such facility, and to pay the plannino and design costs incurred prior to the issuance of such bonds. (b) Up to fifty (50) percent of the revenues to be derived from the tourist development tax levied pursuant to sections 210.01(b) and (c) of this ordinance shall be pledged to secure and liquidate revenue bonds issued by the county for the purposes set forth in section (a)(4) of this section. Up to one-half (1/2) of the remaining revenue derived from the tourist development tax levied pursuant to sections 210.01(b) and ((c) of this ordinance may be pledged to secure and liquidate revenue bonds issued by the county for the purposes set forth in section (a)(1). CODING: Additions to text are underlined. September 7, 2000 12 BK 1 15 PG 016