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Indian River County , Florida . <br /> Notes To Financial Statements <br /> Year Ended September 30 , 2007 <br /> NOTE 12 - LONG-TERM LIABILITIES - Continued <br /> A. Primary Government - Continued <br /> Spring TrainingFacility acility Revenue Bonds - Continued <br /> The Fourth Cent Tourist Development Tax and the Local Government Half- Cent Sales Tax pledged to <br /> the payment of debt service on the Series 2001 Bonds are automatically released as a pledged revenue <br /> for the Series 2001 Bonds immediately following the April 1 , 2021 principal payment on the Series ' <br /> 2001 Bonds . <br /> Bonds Issued - At September 30 , 2007 , Spring Training Facility Revenue Bonds consisted of the <br /> following : <br /> Interest Outstanding at <br /> Rates and September 30 , <br /> Description Date Maturity Issue 2007 <br /> Spring Training Facility 3 . 30 % - 5 . 25 % <br /> Series 2001 4/ 1 and 10/ 1 2031 $ 16 , 810 , 000 $ 14 . 000 , 000 <br /> Optional Redemption - The Series 2001 Bonds maturing on or after April 1 , 2012 , are subject <br /> to <br /> redemption at the option of the County in whole or in part, on April 1 , 2011 , or on any date thereafter at <br /> par plus accrued interest and plus a premium ranging between 0% to 1 % depending on the year of the <br /> redemption . <br /> Mandatory Redemption - The Series 2001 Term Bonds are subject to mandatory redemption prior to <br /> maturity , by lot, at par plus accrued interest, according to the following schedule : <br /> Term Bonds due April 1 , 2015 <br /> Date Principal Amount <br /> April 1 , 2014 $ 6855000 <br /> April 1 , 2015 725 , 000 <br /> Term Bonds due April 1 , 2017 �.. <br /> Date Principal Amount <br /> April 1 , 2016 $ 760 , 000 <br /> April 1 , 2017 795 , 000 <br /> Term Bonds due April 1 , 2021 <br /> Date Principal Amount • <br /> April 1 , 2018 $ 8409000 <br /> April 1 , 2019 89000 <br /> April 1 , 2020 930 , 000 <br /> April 1 , 2021 9801000 <br /> 80 <br />