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County revenues which fall under the general category of special assessments consist of street paving
<br />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 0.24% of county funds for FY 2013/14 as shown in table
<br />6.1. Figure 6.4 displays the revenue collected by Indian River County through special assessments
<br />over the last 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 />subdivision or site plan approval, building
<br />permit issuance, or other development or
<br />construction approval when the revenues
<br />collected are intended to fund the costs of
<br />capital improvements for public facilities.
<br />Since 1986, Indian River County has levied
<br />traffic impact fees on new development
<br />projects. In June of 2005, Indian River
<br />County began to levy 8 new impact fees.
<br />At the same time, the County increased the
<br />existing traffic impact fee rates. The nine
<br />impact fees include: traffic, emergency
<br />services, parks and recreation, public
<br />schools, solid waste, correctional facilities,
<br />law enforcement, libraries, and public
<br />buildings.
<br />$4,500
<br />$4,000
<br />$3,500
<br />$3,000
<br />$2,500
<br />$2,000
<br />$1,500
<br />$1,000
<br />$500
<br />$-
<br />Figure 6.5: Impact Fee Revenue by FY
<br />S4218
<br />$3.215
<br />$2,054
<br />$2.268
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<br />08/09 09/10 10/11 11/12 12/13 13/14
<br />■ Revenue (in thousands)
<br />Source: Indian River County Finance Department
<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 _Dec • 1 , 2015, Ordinance 2015- o 1 5
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