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A TRUE COPY CERTIFICATION ON LAST PAGE minimize or avoid increasing those based impact fee methodologies R . SMITH , CLERK fees on residential land uses . and generally reduces impact fees in As part of this optional Task, TOA will built- up areas , apply the "Affordable Growth " model Buy-down by Geographic Area and that provides flexibility in the levels of Geographic Goals — This approach impact fees by area or land use and will allow the County to place a assists the County in developing priority on areas that already offer incentives to encourage the desired public facilities and other types of future development geographic areas, as appropriate, to countywide or in targeted areas of the incentivize more efficient land use county . The Affordable Growth patterns as set forth in the County's calculation is based on the use of Comprehensive Plan. For example, available revenues from the existing the geographic area buy-down development that are already in place could be used to meet the individual and population growth rate . As such, goals of designated neighborhoods it eliminates the need to identify and/or centers . additional revenue sources to buy Buy-down of "Most Favored Uses" — down the impact fees as long as the This approach, developed by TOA, rate of growth is below a certain level . allows communities to establish „ �� More specifically, the "Affordable policies for reductions in impa. Growth Model ” includes three fees paid by targeted land uses due components . to the overall benefit and need for • Rate of Growth Analysis — The rate specific land uses countywide or in of growth concept allows impact targeted geographic areas of the fees to be sensitive to the growth county . A long-term benefit created rate of various areas within the by these policies also may include county or countywide . In the past, improved revenue generation by TOA has directly integrated the rate having a more diverse set of land of growth into the impact fee uses generating revenue, which equation and now is using this brings revenue stability in the concept in our current ongoing future , impact fee studies, such as those for Upon completion of the review of the City of Orlando, City of Oviedo, relevant elements of the County' s Pasco County and Hernando Comprehensive Plan , plans, other County . This approach reconciles related planning documents, and the relationship between economic and demographic variables, consumption - based and needs- TOA will hold a workshop with the Indian River County Impact Fee Update 6