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• <br />• <br />• <br />Indian River County 1 Impact Fee Update Study <br />Calculated Parks & Recreation Facilities Impact Fee Schedule <br />Table IX -9 presents the calculated parks and recreation impact fee schedule developed for <br />residential land uses. As previously mentioned, only residential development within <br />unincorporated Indian River County is assessed a parks and recreation impact fee. <br />Table IX -9 <br />Calculated Parks & Recreation Impact Fee,Schedule <br />Land Use, <br />Residential <br />Impact <br />Unit <br />Residents <br />per Li <br />Net Cost <br />per <br />Resident <br />Net <br />Impact <br />Fee (3) <br />Administrative <br />Fee ) <br />Total 1 <br />Impact <br />(51 <br />Fee <br />Current <br />Adopted <br />Fee(6) <br />Percent <br />Change) <br />Sin:le Famil (less than 1,500sf <br />du <br />2.09 <br />$835.50 <br />$1,746.20 <br />$43.66 <br />$1,789.86 <br />$1,334.42 <br />34.1% <br />Sin le Famil 1,500to 2,499sf <br />du <br />2.27 <br />$835:50 <br />$1,896.59 <br />.$47-41 <br />$1,944.00 <br />$1,499.45 <br />29.6% <br />Sin le Famil (2,500sfor:reater <br />du <br />2.53 <br />$835.50'$2,113.82 <br />$52.85 <br />$2,166.67 <br />$1,626.45 <br />33.2% <br />Multi-Famil /Accesso Unit <br />du <br />1.30 <br />..$835:50 <br />$1,086.15 <br />$2715 <br />$1,113.30 <br />$906.17 <br />22.9% <br />Mobile Home/RV Park (tied down) <br />du <br />1.30 <br />$835.50 <br />$1,086.15 <br />$27 15 <br />$1,113.30 <br />$965.68 <br />15.3% <br />(1) <br />(2) <br />(3) <br />(4) <br />(5) <br />(6) <br />(7) <br />Source: Appendix A, Table A-3 <br />Source Table IX -8 <br />Residents per unit (Item 1) for each'land use category multipliedby net cost per residenf(Item 2) <br />An administrative fee is assessed at 2'.5% of the -net impact fee,(Item 3) <br />Sum of the net impact fee (Item 3) and.the administrative fee (Itern`4)` <br />Source Indian River County. Fees shown include a 2.5%>administratiive fee. <br />Percent change from the cu'frent adopted rates (Item 4) -to the calculated total impact fee rate (Item 3) <br />- <br />• <br />Affordable Growth°Strategy <br />Based on_,a review:.of capital expansion 'expenditures between 2008 and 2017, the County <br />will use approximately $639,000per year of, -non -impact fee funding over the next five years <br />and $24;000 per year afterwards. :As mentioned previously, during the next 25 years, the <br />County isexpected to grow-.at ann'aririval rate of 1.4 percent. Figure IX -1 presents how <br />impact fee levels would change over time with different growth rates. The maximum <br />calculated fee is, `comparecr investment needed to maintain the current adopted LOS <br />standard. Alth'ough.=the ;Couritymay charge the maximum amount of parks and recreation <br />impact fee calculated,, the County needs approximately 92 percent of the maximum impact <br />fee revenues to maintain the current LOS. As mentioned previously, the available non- <br />impact fee consists primarily of sales tax revenues. These calculations assume that the sales <br />tax will not be re -adopted in 2019. If the sales tax is re -adopted, the Affordable Growth <br />calculations should be reviewed to see if a revision is necessary. In addition, the County is <br />targeting non-residential land uses for potential discounts and the parks and recreation fees <br />are charged only to residential land uses. <br />Tindale -Oliver & Associates, Inc. Indian River County <br />January 2014 98 Impact Fee Update Study <br />