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Comprehensive Plan Capital Improvements Element
<br /> Projected Debt Capacity
<br /> Debt Financing, which involves borrowing money using the county's assets as collateral, is one way
<br /> that the county has provided for its capital facility needs. The primary rationale for providing capital
<br /> facilities through indebtedness is that it spreads the cost of a facility over its useful life and thus is
<br /> paid for by those who will use the facility .
<br /> Table 6 . 14 provides a summary of the county's estimated ability to raise bonds without a public vote.
<br /> The county's bonding capacity is identified for 10, 20, and 30 years. As table 6. 14 indicates, the
<br /> county's available bonding capacity for the next 10 years is $418;690;040149, 800,000, with an
<br /> additional potential of $355;509;040296, 800 , 000 .
<br /> Table 6. 14: Indian River County Estimated Ability to Raise Bonds Without A Public Vote
<br /> Pledge Sources Ten Years Twenty Years Thirty Years
<br /> (Bond Interest Rate @ (Bond Interest Rate (Bond Interest Rate @
<br /> 436%) (a4.89%) 4 .94%)
<br /> Half Cent Sales Tax $49, 900, 000 $82 , 300 , 000 $ 104 , 700, 000
<br /> Gas Taxes $49, 500 , 000 $78 , 200, 000 $969200, 000
<br /> Tourist Tax $9 , 000, 000 $ 145200, 000 $ 17 , 500 , 000
<br /> First Guaranteed
<br /> Entitlement $ 1 , 600, 000 $2 , 600 , 000 $3 , 200, 000
<br /> Second Guaranteed
<br /> Entitlement $3 , 400 , 000 $5,4005000 $6 , 600 , 000
<br /> Sub-Total $113r4001000 $ 1829700000
<br /> $228,200,000
<br /> Possible Pledge Sources
<br /> Franchise Fees $20, 100 , 000 $ 31 , 800, 000 $39, 100, 000
<br /> Road Impact Fees $ 16 , 300 , 000 $24,400, 000 $29 , 500 , 000
<br /> Sub-Total $36,400,000 $565200 ,000
<br /> $68,6003000
<br /> TOTAL $149,800,000 $238 ,900 ,000 $296,8o0,000
<br /> Source: Indian River County Office of Manaeement and Budget.
<br /> Community Development Department Indian River County
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