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REVENUES PLEDGED TO BONDS 
BOB SIKES TOLL BRIDGE REVENUES
OVERVIEW 
The Bob Sikes Bridge connects Gulf Breeze, 
Florida, located in Santa Rosa County, to Pensacola 
Beach which is Escambia County.  The bridge was 
operated and owned by the State of Florida, 
Department of Transportation prior to the County 
acquiring the bridge.  Funding to purchase the 
bridge from the State was obtained from the 
issuance of the Road Improvement Revenue 
Bonds, Series 1993A (Refunded by Capital 
Improvement Revenue Bonds Series 2002) and 
1993B.  This bridge was opened in 1972 and is a 
two‐mile long four‐lane facility.  Users of the 
bridge must pay tolls of: 
Cash Tolls – One way onto Santa Rosa Island 
Passenger Cars and Trucks 
$1.00 
Commercial Trucks/Buses/ 
3‐or‐more axles 
$1.00 
Trailers 
$1.00 
Annual Permits – Good for unlimited trips 
Passenger Cars and Trucks 
$50.00 
Commercial Trucks/Buses/ 
3‐or‐more axles 
$70.00 
(1993A Revenue Bonds were Redeemed by the 
Capital Improvement Bonds Series 2002.) 
PLEDGE:
The net revenues generated from the Bob Sikes 
tolls, other incomes and the Constitutional Gas Tax 
revenues are pledged to payment of principal and 
interest of the Road Improvement Revenue Bonds, 
Series 1993B.  The required debt coverage test for 
Additional Parity Bonds equals 1.75 times the 
Maximum Bond Service Requirement for all debt.  
The toll bridge revenue, along with the Santa Rosa 
Island Authority lease fees are pledged to the 
payment of the Capital Improvement Revenue 
Bonds Series 2002. 
The 1993B Series was paid off in March 2006.   
TAX INFORMATION:
Tax Rate – Tolls/ Permits 
Year Began – 1972