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Comprehensive Plan Transportation Element <br />impact fee districts. Each of the nine districts imposed a different impact fee for each different <br />type of development. <br />Currently, there is one county traffic impact fee for each different type of development, and fees <br />are now collected within three (3) traffic impact fee districts. According to county regulations, <br />the revenue must be spent for transportation system capacity producing improvements in the <br />district from which it was obtained. During FY 2005, total impact fee revenue collected was <br />$32,844,618.21. Since that time, however, new revenue has declined significantly. <br />Tables 4.8A and 4.8B summarize transportation capital and operating revenues for all state and <br />local financing mechanisms through the planning time horizon of the Comprehensive Plan. <br />Through 2030, state and federal capital revenue is expected to be $195 million, while total <br />capital revenues for the county are estimated at $461 million. This includes all impact fee and <br />gas tax revenue sources for the county. It also includes enhanced revenues through 2030 in the <br />form of revised impact fees, continuation of the 1 -cent sales tax, and, beginning in 2010, <br />imposition of the second local option gas tax. Operating and maintenance revenues for the <br />county total an estimated $251.7 million through this same time horizon. <br />• Transit Revenues <br />With respect to the transit system, grant funding remains the most significant source of revenue. <br />In 2005, the MPO and County were awarded over $2,700,000 for transit operating and capital <br />expenses from federal and state grants. This total included assistance from the FTA Section <br />5303 (planning), 5307 (operating and capital), 5310 (paratransit) and 5311 (rural pubic <br />transportation) programs and the state Public Transportation Block Grant, Intermodal Grant, <br />Service Development Grant, and Transportation Disadvantaged Trust Fund programs. <br />FxtPrnal C.nctc <br />Included in each MPO Long Range Transportation Plan are projected costs related to <br />construction, operation, and maintenance of proposed roadway facilities over a 25 -year period. <br />Not all of the costs of the transportation system, however, are considered in the long range plan. <br />Costs which are the indirect result of a project or activity are known by economists as <br />externalities. <br />With respect to transportation, externalities are the costs generated by automobile travel, but paid <br />for by sources other than gas taxes and transportation impact fees. Taken together, the cost of <br />externalities may exceed the actual cost of building and maintaining roadways. Externalities <br />include the cost of accidents and injuries; lost productivity and lost work time due to congestion; <br />pollution; enforcement costs, including costs of adjudication; parking lot construction; and costs <br />related to automobile purchase and operation. Although the true cost of externalities is difficult <br />to quantify, recent research has provided multipliers that calculate estimated external costs of <br />roadways relative to construction costs. Under this methodology, it is estimated that over $32 <br />million/year is the external cost of the roadway system in Indian River County. <br />Community Development Department Indian River County 48 <br />