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assessments, street lighting district assessments, as well as assessments for water, sewer, and
<br />drainage improvements. Expenditures of special assessment revenue are restricted to public
<br />improvement projects that directly benefit the property owner or payee. For example, street paving
<br />assessment revenues must be spent on paving streets that directly benefit the payer of the assessment.
<br />Special Assessment revenue represented 0.20%
<br />of county funds for FY 2011/12 as shown in
<br />table 6.1. Figure 6.4 displays the revenue
<br />collected by Indian River County through
<br />special assessments over the last six fiscal
<br />years.
<br />Impact Fees
<br />An impact fee is a one time charge, fee, or
<br />assessment levied as a condition of subdivision
<br />or site plan approval, building permit issuance,
<br />or other development or construction approval
<br />when the revenues collected are intended to
<br />fund the costs of capital improvements for
<br />public facilities.
<br />Figure 6.5: Impact Fee Revenue
<br />$8,000
<br />$7,000
<br />$6.000
<br />$5,000
<br />$4,000
<br />$3,000
<br />$2,000 $1,432
<br />$1,000
<br />2007 2008 2009 2010 2011 2012
<br />â– Revenue (in thousands)
<br />$7,007
<br />$5,432
<br />$2,054 $2,268
<br />$1,741
<br />Source: Indian River County Finance Department
<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 />correctional facilities, and solid waste facilities. The March 13, 2012 vote of the Board of County
<br />Commissioners suspended the three fees until March 31, 2014.
<br />Community Development Department Indian River County
<br />Adopted , 2013, Ordinance 2013- 5
<br />
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