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N nor 17 1982 <br />Realcor <br />November 15, 1982 <br />Page 12 <br />VI. FISCAL IMPACT ANALYSIS <br />The Indian River County Planning Department staff has prepared <br />a Fiscal Impact Analysis for three possible development proposals <br />for the subject property. The first analysis concerns mobile <br />home development, the second involves single family residential <br />development, and the third evaluates the fiscal impact generated <br />by industrial development. These analyses were prepared in <br />response to a letter dated August 24, 1982, and written by the <br />applicant's agent. Within this letter he referred to the <br />financial advantages of mobile home development when compared <br />to single family residential development. The applicant's <br />Position that mobile home park development was more economically <br />beneficial to the County did not consider the economic benefits <br />attributable to industrial development of the proposed site. <br />By comparison of the three fiscal impact analyses, it can be <br />seen that industrial development provides a positive net fiscal <br />impact upon the County's fiscal structure. <br />However, despite the conclusions drawn in this analysis, it <br />should be noted that fiscal considerations are not the County's <br />primary concern in evaluating rezonings or making land use <br />decisions. These fiscal impact analyses are not being utilized <br />as the basis for this land use decision but only as a response <br />to the applicant's concern. (For a detailed review of the three <br />development fiscal impact analyses,please refer_ to Exhibit #1.) <br />RECOMMENDATIONS: <br />The Community Development Division staff recommends that the <br />rezoning request by Realcor Company of Florida, Incorporated <br />for a zoning change from A -Agricultural and C-1, Commercial to <br />R-1MP, Mobile Home Park be denied. This recommendation for <br />denial is predicated upon the fact that based upon sound land <br />use planning principles the site of the proposed rezoning would <br />serve the County's long range land planning needs best by being <br />developed as industrial instead of mobile home development. <br />ATTACHMENTS: <br />A) Map of the boundary of the I-95/State Road 60 Commercial/ <br />Industrial Node and its surrounding residential development. <br />B) Map of the existing and committed land use for the I-95/State <br />Road 60 Node. <br />C) Map of existing street network. <br />D) Future land use map for small area plan. <br />Ey Exhibit 1, Fiscal Impact Analyses <br />F) Application <br />G) Minutes of August 12, 1982, Planning and Zoning Commission - <br />Meeting. <br />H) Minutes of September 15, 1982, Board of County Commissioners <br />Meeting. <br />I) Location Map <br />APPROVED AGENDA ITEM: <br />FOR: <br />BY: <br />