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Ordinance No. 2014-020
<br />actual costs of the improvements. County revenues which fall under the general category of special
<br />assessments consist of street paving assessments, street lighting district assessments, as well as
<br />assessments for water, sewer, and drainage improvements. Expenditures of special assessment
<br />revenue are restricted to public improvem
<br />payee. For example, street paving
<br />assessment revenues must be spent on
<br />paving streets that directly benefit the
<br />payer of the assessment.
<br />Special Assessment revenue represented
<br />0.24% of county funds for FY 2012/13 as
<br />shown in table 6.1. Figure 6.4 displays the
<br />revenue collected by Indian River County
<br />through special assessments over the last
<br />six fiscal years.
<br />• Impact Fees
<br />An impact fee is a one-time charge, fee, or
<br />assessment levied as a condition of
<br />ent projects that directly benefit the property owner or
<br />Figure 6.5: Impact Fee Revenue
<br />$6,000 O
<br />$5,000
<br />$4,000
<br />$3,000
<br />$2,000
<br />$1,741
<br />$1,000
<br />$-
<br />2008 2009 2010 2011 2012 2013
<br />■ Revenue (in thousands)
<br />$5,432
<br />$3,215
<br />52.054 $2, 268
<br />$1,432
<br />I
<br />subdivision or site plan approval, building Source: Indian River County Finance Department
<br />permit issuance, or other development or
<br />construction approval when the revenues collected are intended to fund the costs of capital
<br />improvements for
<br />public facilities.
<br />Since 1986, Indian River County has levied traffic impact fees on new development projects. In June
<br />of 2005, Indian River County began to levy 8 new impact fees. At the same time, the County
<br />increased the existing traffic impact fee rates. The nine impact fees include: traffic, emergency
<br />services, parks and recreation, public schools, solid waste, correctional facilities, law enforcement,
<br />libraries, and public buildings.
<br />On March 3, 2009, the Board of County Commissioners considered several alternatives to reduce
<br />impact fees for the purpose of stimulating economic development in the county. After discussion,
<br />the Board decided to suspend collection of five of the county's nine impact fees for six months. The
<br />five suspended impact fees were: emergency services, correctional facilities, public buildings, law
<br />enforcement, and solid waste. On September 22, 2009 and again on March 16, 2010, the Board of
<br />County Commissioners voted to further extend the suspension of the five impact fees. At its March
<br />16, 2010 vote, the Board of County Commissioners extended the suspension of the five impact fees
<br />to March 31, 2011. On March 15, 2011 and again on March 13, 2012, the Board of County
<br />Commissioners re-evaluated the impact fee suspension and ultimately voted to continue suspending
<br />three of the five previously suspended impact fees. Those three fees were: public buildings,
<br />Community Development Department Indian River County
<br />Adopted , 2014, Ordinance 2014- 5
<br />$5,432
<br />$3,215
<br />52.054 $2, 268
<br />$1,432
<br />I
<br />subdivision or site plan approval, building Source: Indian River County Finance Department
<br />permit issuance, or other development or
<br />construction approval when the revenues collected are intended to fund the costs of capital
<br />improvements for
<br />public facilities.
<br />Since 1986, Indian River County has levied traffic impact fees on new development projects. In June
<br />of 2005, Indian River County began to levy 8 new impact fees. At the same time, the County
<br />increased the existing traffic impact fee rates. The nine impact fees include: traffic, emergency
<br />services, parks and recreation, public schools, solid waste, correctional facilities, law enforcement,
<br />libraries, and public buildings.
<br />On March 3, 2009, the Board of County Commissioners considered several alternatives to reduce
<br />impact fees for the purpose of stimulating economic development in the county. After discussion,
<br />the Board decided to suspend collection of five of the county's nine impact fees for six months. The
<br />five suspended impact fees were: emergency services, correctional facilities, public buildings, law
<br />enforcement, and solid waste. On September 22, 2009 and again on March 16, 2010, the Board of
<br />County Commissioners voted to further extend the suspension of the five impact fees. At its March
<br />16, 2010 vote, the Board of County Commissioners extended the suspension of the five impact fees
<br />to March 31, 2011. On March 15, 2011 and again on March 13, 2012, the Board of County
<br />Commissioners re-evaluated the impact fee suspension and ultimately voted to continue suspending
<br />three of the five previously suspended impact fees. Those three fees were: public buildings,
<br />Community Development Department Indian River County
<br />Adopted , 2014, Ordinance 2014- 5
<br />subdivision or site plan approval, building Source: Indian River County Finance Department
<br />permit issuance, or other development or
<br />construction approval when the revenues collected are intended to fund the costs of capital
<br />improvements for
<br />public facilities.
<br />Since 1986, Indian River County has levied traffic impact fees on new development projects. In June
<br />of 2005, Indian River County began to levy 8 new impact fees. At the same time, the County
<br />increased the existing traffic impact fee rates. The nine impact fees include: traffic, emergency
<br />services, parks and recreation, public schools, solid waste, correctional facilities, law enforcement,
<br />libraries, and public buildings.
<br />On March 3, 2009, the Board of County Commissioners considered several alternatives to reduce
<br />impact fees for the purpose of stimulating economic development in the county. After discussion,
<br />the Board decided to suspend collection of five of the county's nine impact fees for six months. The
<br />five suspended impact fees were: emergency services, correctional facilities, public buildings, law
<br />enforcement, and solid waste. On September 22, 2009 and again on March 16, 2010, the Board of
<br />County Commissioners voted to further extend the suspension of the five impact fees. At its March
<br />16, 2010 vote, the Board of County Commissioners extended the suspension of the five impact fees
<br />to March 31, 2011. On March 15, 2011 and again on March 13, 2012, the Board of County
<br />Commissioners re-evaluated the impact fee suspension and ultimately voted to continue suspending
<br />three of the five previously suspended impact fees. Those three fees were: public buildings,
<br />Community Development Department Indian River County
<br />Adopted , 2014, Ordinance 2014- 5
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