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NOV 17 1982 <br />BOOK <br />TABLE 7 <br />Service Category <br />Incrementa <br />Service Cost <br />County's <br />Unincorp. <br />County Cost In - <br />crease <br />Increase <br />Area Pop. <br />for each <br />Co. Serv. Assign. <br />Total <br />to an_Industxial <br />Facility <br />`General Gov't. <br />.10 x <br />38,432 <br />$ 3,843.20 <br />Public Safety <br />7.48 x <br />38,432 <br />287 471.36 <br />, <br />Public Works <br />.24 x <br />38,432 <br />9,223.68 <br />Health & Welfare <br />.53 x <br />38,432 <br />20,368.96 <br />Recreation & Culture <br />2.01 x <br />38,432 <br />77,248.32 <br />Debt Service <br />1.52 x <br />38,432 <br />58,416.64 <br />TOTAL <br />$11.88 x <br />38,432 <br />$456,572.16 <br />Thus, the cost to the <br />parcel in question is <br />County for industrial <br />development on the <br />estimated to be.$456,572. <br />Revenues Generated by Industrial Development <br />Assumptions <br />To determine the revenue that would be generated if industrial <br />development were to occur on the proposed site an assumption must <br />be made. This assumption is that the development which occurs would <br />not be radically different than the development that already exists <br />in the County. So that existing data may be used to predict future <br />development. <br />Also, as with the other two analyses, secondary impacts are not <br />being considered as part of the revenue generated by development. <br />This is revenue which is generated not directly as part of taxes <br />or fees paid by the development, but revenue which may come from <br />secondary sources such as increased sales taxes. But, i -t -should <br />be noted that industrial development would have a greater number ` <br />of secondary impacts than either type of development previously <br />analyzed. This is because industrial development generates not <br />only tax revenue, but it also generates employment. <br />Attachment D lists the employment income and sales multipliers <br />for the primary industries in Indian River County. These multipliers <br />indicate the level by which employment, sales and income would <br />increase as the result of one job in one of these particular <br />industries being created. While not a part of this analysis, these <br />multipliers are presented to document the importance of secondary <br />fiscal impacts when industrial development is being considered. <br />Analysis <br />Table 1, presented earlier in this analysis, contains the information <br />that will be used in this section. <br />Total number of industrial/commercial <br />parcels taxed in Indian River County 10 = 2,875 <br />Existing Industrial & Commercial <br />Acreage in Indian River Countyll = 980 <br />Average Number of Parcels/Acre in <br />Indian River County 2.93 <br />2.93 Parcels/Acre x 135 Acres12 = 396 Possible Parcels on site. <br />Total Assessed Value of <br />Industrial/Commercial Land = $310,389,580 <br />in Indian River County <br />-10- <br />