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• • <br />City of Sebastian Mayor Walter Barnes stated that the current discretionary sales tax <br />extension sunsets in 2004 and the City will be requesting a renewal. He wanted to see a <br />referendum on the November ballot in 2002. In May of 1999 all Indian River County cities <br />passed a resolution in support of the extension and are all engaged in long-range planning <br />for projects funded through this program. He is dust initiating the discussion regarding this <br />today and Fellsmere Mayor Joel Tyson is also present to offer his support. They would be <br />glad to answer any questions. <br />City of Sebastian City Manager Terrence Moore had nothing to add but noted that <br />there are a number of ongoing projects involved and he strongly supports extension of the <br />program. <br />County Administrator Jim Chandler noted that some preliminary discussions have <br />been held and this is a primary source for the County's capital projects. They expect to bring <br />their recommendations to the Board in the early spring. <br />Commissioner Ginn noted that 1/3rd of the revenue from this project comes from <br />tourists and the smaller cities, as well as the County, would be hard-pressed to replace this <br />revenue. <br />Assistant County Administrator Joe Baird noted that this program produces revenue <br />of $16,000,000 county -wide, with $11,000,000 going to the County. <br />Commissioner Ginn agreed this is a huge benefit and felt we need to begin the <br />process now. <br />NO ACTION REQUIRED OR TAKEN. <br />JANUARY 22, 2002 <br />-39- <br />