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statement, which outlined the negative effects an increase in impact fees would have on the <br />community. He believed that adding more fees on top of our current fees at this point in time <br />would not assist in that process, and what would assist is a more viable base in our community <br />that allows direct flow of money into the County's coffers, which allows for services to be <br />provided. <br />Don Simon disclosed that he was a Certified Financial Planner, a Chartered Financial <br />Consultant, Chairman of the Board of Indian River National Association of Insurance & <br />Financial Advisors, and he was speaking only on his behalf. He was concerned that he was <br />seeing no inflation adjustment in the figures in the impact fees. He was also seeing a 15% <br />discount factor, and did not understand the rationale where that was pulled from. He felt that <br />with the tax decrease in the budget, if we do not increase impact fees, we would have more <br />negative economics. He was also concerned that the Report showed no factors for Libraries. He <br />asked the Board to give strong consideration to being realistic when looking at the numbers. <br />Harry Zambelli, 1794 Tamarind Place, questioned whether interior roads within a <br />development were included in the cost factor. In regard to land values used in cost <br />determinations, he asked if the highest and best use criteria were used. He did not think it was <br />a bad idea that we have this type of plan, but thought it would need a lot of work to pull the <br />inequities and the questions out. <br />Maria Dfulchini. 1206 5th Place, President of the Realtors Association of Indian River <br />County, and speaking on behalf of over 1,000 Realtors, felt the proposed increase would be <br />unfair to consumers. She outlined several of the negative impacts such an increase would <br />present. She expressed that homeownership is the cornerstone of the American dream, and <br />increasing impact fees diminishes that dream. She declared that the Realtors Association cannot <br />and does not support the proposed increases of impact fees, as it would only hinder the recovery <br />of the real estate market and the overall economy of this area. <br />11 <br />March 6, 2008 <br />Public Workshop <br />